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

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Women in technology and finance may face the greatest impact from job losses linked to AI advancements.

February 5, 2026

GCC fintech market projected to attain a value of $26.8 billion

February 5, 2026

AI automation poses a risk to predominantly female roles in the tech and finance sectors, according to a report.

February 4, 2026

Malta Fintech Market Overview for 2026 – Fintech Schweiz Digital Finance News

February 4, 2026
Facebook X (Twitter) Instagram
Trending
  • Women in technology and finance may face the greatest impact from job losses linked to AI advancements.
  • GCC fintech market projected to attain a value of $26.8 billion
  • AI automation poses a risk to predominantly female roles in the tech and finance sectors, according to a report.
  • Malta Fintech Market Overview for 2026 – Fintech Schweiz Digital Finance News
  • Women in tech and finance more vulnerable to AI job losses, report reveals
  • Y Combinator Emerged as the Leading Fintech Investor in 2025, According to Data
  • A Googler recounts their extensive transition from finance to artificial intelligence.
  • Nila Spaces takes a minority interest in the fintech startup Alt DRX.
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    CBN fintech investigation report suggests significant change in regulator’s position

    February 2, 2026

    Headlines from KUTV covering news, weather, sports, and breaking updates in Salt Lake City

    January 19, 2026

    Kuda Reduces Losses to $5.8 Million as Fintech Concentrates on Achieving Profitability

    January 14, 2026

    Fintech Titan or Overhyped Relic?

    January 7, 2026

    PayPal joins other fintech companies benefiting from Trump-era deregulation.

    December 16, 2025
  • AI

    Women in technology and finance may face the greatest impact from job losses linked to AI advancements.

    February 5, 2026

    AI automation poses a risk to predominantly female roles in the tech and finance sectors, according to a report.

    February 4, 2026

    Women in tech and finance more vulnerable to AI job losses, report reveals

    February 4, 2026

    A Googler recounts their extensive transition from finance to artificial intelligence.

    February 4, 2026

    Rephrasing the title from the Customer challenge

    February 4, 2026
  • Acquisitions

    Capital One’s $5 billion purchase of fintech Brex may prove to be another brilliant move by billionaire Richard Fairbank.

    January 24, 2026

    Fintech Partnership Enhances UST’s Digital Banking Goals

    January 20, 2026

    CoinGecko is reportedly exploring a sale valued at $500 million.

    January 16, 2026

    Flutterwave acquires Nigerian Mono in a unique exit for African fintech.

    January 6, 2026

    MergersandAcquisitions.net publishes a comprehensive report on trends and analyses in financial services and fintech mergers and acquisitions.

    December 23, 2025
  • Trends

    GCC fintech market projected to attain a value of $26.8 billion

    February 5, 2026

    Key Stablecoin Trends to Monitor in 2026 – Fintech Schweiz Digital Finance News

    January 21, 2026

    Trends in Emerging Fintech Technologies Emphasize Wealth Management

    January 8, 2026

    GCC Fintech Landscape: Embracing Open Banking, Nurturing Startups, and Investment Patterns

    January 7, 2026

    eLEND Solutions Introduces Fintech Platform to Simplify Financing and Credit for Dealerships – Pete MacInnis

    January 6, 2026
  • Insights

    Climate change overwhelms the insurance industry.

    January 23, 2026

    Capital One to purchase fintech startup Brex for $5.15 billion, as announced in a definitive agreement on Thursday.

    January 23, 2026

    Insights on the Fintech.TV Collaboration with Datavault AI Inc. Stock (DVLT)

    January 17, 2026

    Wealthfront aims for a valuation of as much as $2.05 billion in its U.S. IPO, according to CTV News.

    January 7, 2026

    New UNF collaboration seeks to promote fintech innovation – Action News Jax

    December 27, 2025
  • Rumors

    SpaceX Considers Initial Public Offering, Spirit Airlines Owner Explores Private Equity, and Other Speculations

    January 25, 2026

    Collapse of Livestock Markets Amid Tumultuous Rumors

    January 23, 2026

    Crypto schools draw interest amid speculation regarding UAE initiatives.

    January 23, 2026

    Is Coinbase exploring the acquisition of BVNK to enhance its Stablecoin growth?

    January 20, 2026

    JD-SW refutes speculation about issuing RMB10 billion in Dim Sum bonds, according to Financial News.

    January 15, 2026
  • Startups

    Malta Fintech Market Overview for 2026 – Fintech Schweiz Digital Finance News

    February 4, 2026

    Y Combinator Emerged as the Leading Fintech Investor in 2025, According to Data

    February 4, 2026

    Nila Spaces takes a minority interest in the fintech startup Alt DRX.

    February 4, 2026

    Forbes 30 Under 30 Fintech Executive Accused of $7 Million Fraud

    February 3, 2026

    Top 12 Fintech Startups in Denmark

    February 3, 2026
  • 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

Women in technology and finance may face the greatest impact from job losses linked to AI advancements.

February 5, 2026

AI automation poses a risk to predominantly female roles in the tech and finance sectors, according to a report.

February 4, 2026

Women in tech and finance more vulnerable to AI job losses, report reveals

February 4, 2026
Leave A Reply Cancel Reply

Latest news

Women in technology and finance may face the greatest impact from job losses linked to AI advancements.

February 5, 2026

GCC fintech market projected to attain a value of $26.8 billion

February 5, 2026

AI automation poses a risk to predominantly female roles in the tech and finance sectors, according to a report.

February 4, 2026
News
  • AI in Finance (2,081)
  • Breaking News (188)
  • Corporate Acquisitions (79)
  • Industry Trends (231)
  • Jobs Market News (333)
  • Market Insights (231)
  • Market Rumors (302)
  • Regulatory Updates (200)
  • Startup News (1,311)
  • Technology Innovations (202)
  • 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 (2,081)
  • Breaking News (188)
  • Corporate Acquisitions (79)
  • Industry Trends (231)
  • Jobs Market News (333)
  • Market Insights (231)
  • Market Rumors (302)
  • Regulatory Updates (200)
  • Startup News (1,311)
  • Technology Innovations (202)
  • 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
© 2026 Designed by Fintechbits

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