The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (12797)	7/5/2024 9:05:30 AM
From: elmatador	1 Recommendation Recommended By Lance Bredvold Read Replies (1) of 13784

In May, Microsoft Corp. and G42, the United Arab Emirates artificial intelligence firm, announced plans to spend $1 billion on projects in Kenya, including a massive geothermal-powered data center. The deal was negotiated with input from the US and UAE governments and coincided with a summit meeting in Washington between President Joe Biden and Kenyan President William Ruto. Proponents of the Kenya project see it as a potential blueprint for similar government-business partnerships that could help the US expand its political and economic clout in the Global South — emerging markets in Africa and Central Asia where China is already firmly entrenched. Microsoft and G42 have pledged to team up on multiple projects in the coming years, leveraging the UAE’s regional ties. More From Bloomberg bloomberg.com Microsoft signed a $10bn deal with the UAE and G42 just to see the US government twist its arm to pull back? There will be consequences. A China Eastern plane will land in the UAE the next day ready to propose a deal to replace Microsoft. "Abu Dhabi Targets $100 Billion AUM for AI Investment Firm." The Chinese would love to be part of that $100 billion AI effort! That data center here in Kenya would be handed over on a tray to the Chinese! Yes, that data center at Olkaria Geothermal Park is at the center of the Microsoft - G42 deal with Kenya. Questions will be asked in DC: How did the Chinese run away with these deals? G42, part of a $1.5 trillion empire controlled by Sheikh Tahnoon, has been at the forefront of the country’s AI efforts. Not to mention Microsoft's loss of credibility. The next time Microsoft wants to collaborate with foreign governments and companies they are going to ask if they will sign an agreement just for the US national security bureaucracy to force them to pull back. And then there is the possibility of retaliation against U.S. unilateralism by countries imposing their own restrictions, potentially limiting market access for U.S. AI companies and data centers abroad. The US risks being isolated from innovation and collaboration would suffer. Unilateral policies could stifle innovation by isolating the US. Perhaps some careers in DC would suffer too

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