Yousef Al Otaiba, the UAE's ambassador to the US, on Wednesday promoted the security aspect of the new US-UAE AI Acceleration partnership.
The details come after plans for a 5GW UAE-US AI Campus in Abu Dhabi were announced during President Donald Trump's visit to the UAE. A follow-up development will see Abu Dhabi-based G42 teaming up with technology giants OpenAI, Oracle and Nvidia to create an AI hub in the emirate as part of that project.
The US-UAE AI Acceleration partnership also includes commitments from the Emirates to invest in US digital infrastructure.
“Through the implementation of a Regulated Technology Environment, approved UAE organisations acquiring regulated US technologies will adhere to extensive physical and cybersecurity protocols,” Mr Al Otaiba said in a statement posted by the embassy on X.
“These involve regular audits, third-party validations, and active oversight by both nations' governments. The direct involvement of leading US companies further ensures that advanced AI chips and technologies are fully protected from diversion or unauthorised access.”
The unprecedented AI boom has been accompanied by increased dialogue to ensure the technology that makes it possible does not fall into the wrong hands.
“This is nothing new,” Mr Al Otaiba said, reflecting on the emphasis on securing the technology at the heart of the recent UAE-US AI announcements. “This initiative is just the latest in a broad spectrum of Emirati-American partnerships, grounded in decades of mutual trust.
“The UAE has purchased and operates some of the US's most sophisticated defence systems and co-operates closely with the US on a civilian nuclear energy programme with strict safeguards.”
The new plans will make the UAE home to one of the world's largest AI infrastructure projects at a time of global competition for AI innovation. The US has sought to maintain its lead in the race by protecting its AI technology, while at the same time working with partners like the UAE to bolster breakthroughs in the sector.
The recently publicised plans for the 5GW UAE-US AI Campus in Abu Dhabi gave a reason for optimism for those in the UAE hoping to maintain the country's regional lead on AI research and development.
“To put the new 5GW AI campus in Abu Dhabi into perspective, it would support up to 2.5 million Nvidia B200s. That's bigger than all other major AI infrastructure announcements we've seen so far,” wrote Lennart Heim, an associate information scientist at the Rand Corporation think tank.
During Mr Trump's visit to Abu Dhabi, Commerce Secretary Howard Lutnick spoke on the security details of the UAE AI plans, as did Sriram Krishnan, the White House's senior policy adviser for AI.
“These Middle East AI partnerships are historic and this 'AI diplomacy' will help lock-in the American tech stack in the region,” Mr Krishnan posted on X. “This happens on top of rigorous security guarantees to stop diversion or unauthorised access of our technology.”
Both the AI Campus and Stargate UAE plans have been greeted with enthusiasm in technology circles.
“Great to work with the UAE,” said OpenAI founder Sam Altman, in reference to Stargate UAE, an endeavour that includes his company as well as Oracle and Nvidia.
Mr Al Otaiba's statement reflected on what he described as the broad benefits that Stargate would yield.
“This new initiative will build compute capacity to deliver safe, secure and broadly beneficial AI in the UAE, US and around the world,” he said.
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Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
The specs: 2019 Lincoln MKC
Price, base / as tested: Dh169,995 / Dh192,045
Engine: Turbocharged, 2.0-litre, in-line four-cylinder
Transmission: Six-speed automatic
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UAE central contracts
Full time contracts
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How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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Monday
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Ant-Man and the Wasp
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Starring: Paul Rudd, Evangeline Lilly, Michael Douglas
Three stars
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August, 2021: Host - United States; Teams - UAE, United States and Scotland
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