Sam Altman meets UAE President in Abu Dhabi to discuss AI cooperation

Sam Altman, chief executive of OpenAI, met UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi on Saturday, according to the UAE state news ￰0￱ talks between Sam and Mohammed centered on building stronger cooperation between OpenAI and organizations in the ￰1￱ reported that both men focused on artificial intelligence research and practical applications inside the ￰2￱ said : “This cooperation aligns with the UAE’s ambition to establish an integrated AI ecosystem, supporting the country’s development plans and its drive to build a knowledge-based economy.” The UAE has been spending billions of dollars to become a global player in ￰3￱ is developing one of the world’s largest AI data centers and has announced a new Arabic-language AI ￰4￱ are also working to use the country’s strong ties with the United States to secure access to AI ￰5￱ May, the UAE and the ￰6￱ a deal for the Gulf state to build one of the largest artificial intelligence campuses outside the United ￰7￱ deal was announced during President Donald Trump’s visit to Abu Dhabi earlier this year, underscoring the scale of the cooperation between Washington and Abu Dhabi on AI ￰8￱ expands AI projects and engages OpenAI The meeting between Mohammed and Sam is tied directly to these ￰9￱ officials want to bring OpenAI into the country’s larger AI ecosystem to ensure that investments in data centers and research projects result in real-world ￰10￱ UAE is betting that this will help speed up its economic shift away from oil by boosting technology ￰11￱ government’s message was clear: it wants not only research partnerships but also deployment of AI applications across industries inside the ￰12￱ meeting also took place against the backdrop of a massive funding announcement from Nvidia, the world’s most valuable listed tech ￰13￱ week, Nvidia said it would invest $100 billion into OpenAI to support its large-scale data center build-out, as Cryptopolitan ￰14￱ size of this investment has raised concerns among investors about the possibility of an AI ￰15￱ had already taken part in a $6.6 billion investment round in OpenAI in October ￰16￱ also holds about 7% of CoreWeave, a firm that provides data center capacity to OpenAI and also buys Nvidia ￰17￱ stake was worth about $3 billion at the end of ￰18￱ overlapping relationships make it hard to track where the money ￰19￱ of Nvidia’s financing agreements are too small individually to be classified as material in filings but may be significant when added up.

Nvidia’s equity stakes also help companies like OpenAI and CoreWeave secure debt for data center projects at lower interest ￰20￱ Goldberg, an analyst at Seaport Global Securities, said such deals are like “someone asking their parents to be a co-signer on their mortgage.” Lenders gain confidence from Nvidia’s backing and cut the cost of ￰21￱ building data centers have often had to pay interest rates as high as 15%, compared to 6% to 9% for large corporations such as ￰22￱ Nvidia’s support, OpenAI and CoreWeave have been able to borrow at rates close to what Microsoft or Google ￰23￱ Sam Altman meeting in Abu Dhabi and the financial moves by Nvidia show how the UAE’s AI plans, OpenAI’s expansion, and the chipmaker’s funding strategy are now tightly linked.

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