Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

October 3, 2025

The importance of governance for the growth of fintech startups

October 3, 2025

Insights on OKX Communication Strategies for the Future of BTC Futures

October 3, 2025

Bitcoin.com News reports that Visionys AI has partnered with Marinade Finance to launch a $2 billion cash program on the Solana network.

October 3, 2025
Facebook X (Twitter) Instagram
Trending
  • Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030
  • The importance of governance for the growth of fintech startups
  • Insights on OKX Communication Strategies for the Future of BTC Futures
  • Bitcoin.com News reports that Visionys AI has partnered with Marinade Finance to launch a $2 billion cash program on the Solana network.
  • Government Establishes Fintech Panel to Address Regulatory Issues, Led by the Secretary of the Department of Financial Services, Aiming to Tackle Compliance Challenges as of March 18, 2025.
  • The Evolution of Payroll: The Impact of Stablecoins on Startup Fintech
  • Snowflake introduces MCP support and a new AI suite for the financial services sector.
  • The initial AI suite tailored for the Snowflake sector focuses on financial services.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    How Finjobsly is Helping Candidates Connect With Fintech Firms

    September 29, 2025

    AI-powered fintech job platform Finjobsly.com Launches

    September 16, 2025

    FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

    September 11, 2025

    Hyderabad Fintech Viyona secures NPCI approval to function as a third-party application provider.

    September 11, 2025
  • AI

    Bitcoin.com News reports that Visionys AI has partnered with Marinade Finance to launch a $2 billion cash program on the Solana network.

    October 3, 2025

    Snowflake introduces MCP support and a new AI suite for the financial services sector.

    October 2, 2025

    The initial AI suite tailored for the Snowflake sector focuses on financial services.

    October 2, 2025

    UNDOLVE AI reports financial growth alongside a rise in liabilities.

    October 2, 2025

    AI Masterclass prepares financial leaders for the digital era.

    October 1, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

    October 3, 2025

    Expansion of the Blockchain and Fintech Sectors in Tokenization

    September 30, 2025

    Expansion and Investment Prospects in the GCC Fintech Sector

    September 25, 2025

    Current Trends in Financial Technology | Teammate | Wolters Kluwer

    September 25, 2025

    Future Business Prospects in the Fintech Market from 2025 to 2032

    September 24, 2025
  • Insights

    What $9.6T Daily FX Trading Means for Fintech Startups

    October 1, 2025

    Exploring the Boundaries of Technology: Advantages of the Fintech Sector

    September 30, 2025

    Examining the recent evaluation of Up Fintech following new analyst coverage that emphasizes its growth prospects.

    September 24, 2025

    Riyadh Establishes a New Benchmark with Record 20/20 Middle East Funds, Enhancing Saudi Arabia’s Influence

    September 21, 2025

    Safaricom enhances M-Pesa to Fintech 2.0, enabling 6,000 transactions every second.

    September 19, 2025
  • Rumors

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025

    Has the Texas Senate authorized the XRP reserve bill for purchasing $100 million in XRP annually?

    October 1, 2025

    Bitcoin and Ethereum dominate the market surge

    September 23, 2025

    Dogecoin price aims for $0.30 as the launch of Doje ETF boosts market optimism.

    September 18, 2025

    Pi Network price hits a new all-time low amid delimitation speculation on OKX and Mexc.

    September 11, 2025
  • Startups

    The importance of governance for the growth of fintech startups

    October 3, 2025

    The Evolution of Payroll: The Impact of Stablecoins on Startup Fintech

    October 3, 2025

    Startup fintech payment app uncovers

    October 2, 2025

    Startup founders showcase their fintech innovations to conclude the accelerator program.

    October 1, 2025

    Charlie Javice receives a 7-year sentence for defrauding JPMorgan: the story of a 32-year-old CEO who was once featured on Forbes’ 30 under 30 list and deceived the largest bank in the U.S.

    October 1, 2025
  • finjobsly
fintechbits
Home » UAE President Meets Joe Biden to Further Promote AI Technology in US
AI in Finance

UAE President Meets Joe Biden to Further Promote AI Technology in US

4 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
1727231184 Https3a2f2fwww.ft .com2f Origami2fservice2fimage2fv22fimages2fraw2fhttps253a252f252fd1e.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

Unlock the US Election Countdown Newsletter for Free

The stories that matter about money and politics in the race for the White House

The UAE leader met with US President Joe Biden in Washington on Monday to advance cooperation on artificial intelligence as the Gulf nation seeks easier access to US-made technology.

The meeting comes during Sheikh Mohamed bin Zayed al-Nahyan’s first official trip to the United States in seven years and underscores his determination to secure White House support in his efforts to transform the UAE into an AI leader.

In addition to discussing technology and trade, Biden said that United Arab Emirates Russia would now have the status of a “major defence partner” alongside India, to foster closer security ties through measures such as joint military training and exercises.

The United Arab Emirates is one of the United States’ most important allies in the Middle East, but their relationship has been strained at times in recent years. Negotiations for a formal security pact with Washington have stalled, and Abu Dhabi has been infuriated by what it has seen as a lukewarm U.S. response to the deal. attacks on the capital of the United Arab Emirates by Yemen’s Houthi rebels in 2022.

Again AI has brought new energy to the relationship. Oil-rich Abu Dhabi has put artificial intelligence at the heart of its plan to wean itself off fossil fuel exports and made a strategic decision to work with American companies producing cutting-edge technologies.

“Artificial intelligence and new changes in cloud computing and so on are going to change the way the world looks,” Anwar Gargash, a diplomatic adviser to Sheikh Mohammed, said in Dubai last week. “We cannot let this kind of wave of technological breakthroughs pass us by.”

“If we think that hydrocarbons are disappearing, slowly but surely, then we have to replace the source of income with something else,” he added.

Last year, however, the United States added the Gulf states to the list of countries that cannot freely import cutting-edge artificial intelligence chips made in the United States, due to concerns about technology leaks to China. That means companies must apply for licenses to export the chips, and the process has delayed the AI ​​projects of some UAE companies.

The presidents asked AI leaders to develop a memorandum of understanding on AI cooperation as the next step in formalizing the partnership. They also outlined several key areas of collaboration, including support for bilateral investment and “effective licensing.”

A person briefed on the UAE’s plans said the Gulf state wanted to outline a “road map” before the upcoming US elections “so that progress is ensured… regardless of who takes office in January.”

The person added that officials were seeking to change the UAE’s export designation to make it easier to obtain chips.

Brad Smith, chairman of Microsoft, which invested $1.5 billion in the UAE’s largest AI group, G42, in April, told the Financial Times Last week, clarifications on export controls were “beginning to emerge”, but it had “taken several months to get there”.

Smith added that export applications from Microsoft and other tech companies were not yet fully finalized, but were “getting very close.”

In a sign of the UAE’s desire to deepen its ties with American companies, G42 announced last week that it was working with Nvidia, the American company that makes chips critical to AI, on a weather forecasting initiative.

Recommended

AI Minister Omar Sultan al Olama

American companies looking to fund expensive AI projects have also welcomed Abu Dhabi’s petrodollars.

MGX, a new Abu Dhabi investment vehicle dedicated to AI, announced last week that it was joining asset manager BlackRock, Global Infrastructure Partners and Microsoft to launch a $30 billion fund to invest in data centers and the energy needed to power them.

Sheikh Tahnoon bin Zayed al-Nahyan, the UAE’s national security adviser and chair of the G42, visited Washington in June and led the UAE’s efforts to secure US support for its AI ambitions.

Flight previously reported that OpenAI founder Sam Altman and Sheikh Tahnoon were in talks to fund an ambitious chip-making project.

Gargash said Sheikh Tahnoon has “a good understanding of technology,” suggesting that could help the UAE’s negotiations with U.S. officials and leaders. “When he sits down with someone like Altman or someone like that, he really speaks their language,” Gargash said.

Sheikh Tahnoon attended the meeting between Biden and Sheikh Mohamed.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin.com News reports that Visionys AI has partnered with Marinade Finance to launch a $2 billion cash program on the Solana network.

October 3, 2025

Snowflake introduces MCP support and a new AI suite for the financial services sector.

October 2, 2025

The initial AI suite tailored for the Snowflake sector focuses on financial services.

October 2, 2025
Leave A Reply Cancel Reply

Latest news

Germany’s Fintech Market Expected to Reach 29.25 Billion USD by 2030

October 3, 2025

The importance of governance for the growth of fintech startups

October 3, 2025

Insights on OKX Communication Strategies for the Future of BTC Futures

October 3, 2025
News
  • AI in Finance (1,684)
  • Breaking News (171)
  • Corporate Acquisitions (71)
  • Industry Trends (205)
  • Jobs Market News (309)
  • Market Insights (215)
  • Market Rumors (278)
  • Regulatory Updates (167)
  • Startup News (1,093)
  • Technology Innovations (179)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,684)
  • Breaking News (171)
  • Corporate Acquisitions (71)
  • Industry Trends (205)
  • Jobs Market News (309)
  • Market Insights (215)
  • Market Rumors (278)
  • Regulatory Updates (167)
  • Startup News (1,093)
  • Technology Innovations (179)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.