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US Reportedly Approves Multi-Billion USD Export of Nvidia Chips to UAE
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The US has approved the export of Nvidia (NVDA.US) chips worth billions of US dollars to the UAE, potentially becoming part of the US AI development blueprint, Bloomberg, citing people with the knowledge of the matter, reported. The UAE has formulated specific plans for investment within the US, and the US Department of Commerce (DOC) recently issued an export license to Nvidia under the terms of the bilateral AI agreement reached between the US and UAE in May. The US DOC did not directly respond to the report, only stating its commitment to promoting this revolutionary AI cooperation plan. AASTOCKS Financial News Website: www.aastocks.com |
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