U.S.-UAE multi-billion dollar artificial intelligence data park deal far from finalised
2025-06-06 16:31:14
A multibillion-dollar deal to build one of the world's largest data center hubs in the UAE is far from a deal due to ongoing concerns over security, people familiar with the matter said. During Trump's two-day visit to Abu Dhabi last month, the United States and the wealthy Gulf state unveiled a massive artificial intelligence campus project that will contain a series of powerful data centers. The 26-square-kilometer plan is funded by G42, the UAE's state-owned technology company, which is pushing its artificial intelligence industry. Tech giants Nvidia (NVDA. O), OpenAI, Cisco (CSCO. O), Oracle, and Japan's SoftBank are working with G42 to build the first phase of the "Stargate UAE", which is scheduled to come online in 2026. According to five sources familiar with the project, U.S. officials have not yet determined the security conditions for exporting advanced chips or how to implement the agreement with the Gulf states, so the deal is far from being resolved.
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