Microsoft unveils $15.2 billion AI investments in UAE

Abu Dhabi: US tech giant Microsoft on Monday announced $15.2 billion in investments in artificial intelligence and cloud computing in the United Arab...

Abu Dhabi: US tech giant Microsoft on Monday announced $15.2 billion in investments in artificial intelligence and cloud computing in the United Arab Emirates.

Microsoft's vice chairman and president Brad Smith said Microsoft had invested $7.3 billion in the Gulf country since 2023 and would spend $7.9 billion more by the end of 2029.

The deal sent US chip-maker Nvidia shares up 2.6 percent, buoyed by hopes the AI juggernaut could see access for its most advanced chips expand to more markets.

"This is not money raised in the UAE. It's money we're spending in the UAE," Smith wrote in a blog post published during a visit to Abu Dhabi.

Smith said the investments had been encouraged by both the US and UAE governments and had involved a partnership with the country's G42 sovereign artificial intelligence company.