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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (12798)	7/5/2024 9:28:48 AM
From: Elroy Jetson	Read Replies (3) \| Respond to of 13784

Microsoft will invest $1.5-billion in the UAE firm G42, in exchange for their agreement to cut ties with Chinese companies. But Pentagon technology transfer officials have remained skeptical that G42 will actually uncouple from China, let alone whether it is wise it is transferring Nvidia’s H100 chips to a government in the Middle East, so license approvals for high-volume AI chip shipments to the entire Gulf have been slowed. While US officials would prefer that American firms — not their Chinese rivals — benefit from Gulf states’ ambitions to fund and build big AI projects, these export licenses can only be approved if each Middle Eastern state agrees to sever technology ties to Beijing so there's no technology leaks. Microsoft merely needs a technology export license to move forward with the deal, but that license is dependent upon the UAE choosing to meet the license criteria. Microsoft spokesman David Cuddy said, “We’re working closely with the National Security Council and department of commerce, and US national security will continue to be a principal priority.” If the UAE wants to go with third-rate Chong-Bong AI from China, that's their choice. There’s also a growing feeling on Capitol Hill that the Microsoft-G42 deal needs congressional oversight. Several bipartisan staff delegations have visited the UAE in recent weeks, according to a house foreign affairs committee Republican staffer who was briefed on the trips, with more outreach to come. The goal, the staffer said, is to make the UAE cognizant of growing concerns in Washington — and make clear that they need to honor their commitments, whatever they may be. Will the giraffes get their Nvidia AI datacenter ? That's up to the UAE.