ABU DHABI: US tech giant Microsoft on Monday announced US$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 US$7.3 billion in the Gulf country since 2023 and would spend US$7.9 billion more by the end of 2029.
The deal sent US chip-maker Nvidia shares up 2.6%, buoyed by hopes the AI juggernaut could see access for its most advanced chips expand to more markets.
