Kelsey Warner

Abu Dhabi

Gulf Reporter at Semafor

Future Editor @TheNationalNews covering trends shaping the 21stc (& beyond!) | Co-host #BusinessExtra | Bostonian | Newsletter: https://t.co/gSew8ubv9g

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Articles

AI chips in focus ahead of Trump’s visit to the Gulf

5 days ago | semafor.com | Kelsey Warner

The Trump administration plans to overhaul a Biden-era restriction on how many chips Gulf countries can buy from the US, as American lawmakers grapple with how to balance China risks with staying ahead in the AI race. Saudi Arabia and the UAE, both buyers of US chipmaker Nvidia’s most advanced semiconductors, are dangling $2 trillion worth of US investments when President Donald Trump visits next week, with discussions on advanced technology high on the agenda.
AI chips in focus ahead of Trump's visit to the Gulf

5 days ago | yahoo.com | Kelsey Warner

The NewsThe Trump administration plans to overhaul a Biden-era restriction on how many chips Gulf countries can buy from the US, as American lawmakers grapple with how to balance China risks with staying ahead in the AI race. Saudi Arabia and the UAE, both buyers of US chipmaker Nvidia’s most advanced semiconductors, are dangling $2 trillion worth of US investments when President Donald Trump visits next week, with discussions on advanced technology high on the agenda.
Emirates becomes the most profitable airline in the world

6 days ago | semafor.com | Kelsey Warner

Dubai’s Emirates airline posted record pre-tax profits, driven in part by passengers forking out for upgrades, as the carrier nears a full return to pre-pandemic levels of travel demand and bucks the pessimism pervading the industry. The boom comes as other airlines report a drop in travel to the US over concerns on President Donald Trump’s tariffs and immigration policies. Emirates said its $5.8 billion profit for the 12 months through March makes it the world’s most profitable airline.
Why the UAE has mandated AI learning in schools

1 week ago | semafor.com | Kelsey Warner

The UAE will overhaul its education system for the artificial intelligence age, becoming one of the first nations in the world to mandate AI learning as it looks to harness the technology to improve outcomes and combat disengagement in classrooms, its education minister said.
Trump-linked stablecoin used in $2B Abu Dhabi Binance investment

1 week ago | semafor.com | Kelsey Warner

Abu Dhabi AI fund MGX will use a stablecoin from the Donald Trump-backed World Liberty Financial to make its $2 billion investment in crypto exchange Binance.
UAE’s biggest data center firm eyes US expansion

1 week ago | semafor.com | Kelsey Warner

Dubai data center firm Khazna is considering investing in the US after the UAE committed to invest $1.4 trillion in the world’s largest economy over the next decade. “We can’t compete without a presence” in US artificial intelligence infrastructure, Khazna’s chief executive Hassan Alnaqbi said during an interview at the firm’s Dubai headquarters.
UAE to issue new stablecoin pegged to local currency

2 weeks ago | semafor.com | Kelsey Warner

The UAE national security adviser’s firms are leading an effort to roll out a dirham-backed stablecoin.
Qatar to build first new Venice Biennale pavilion in thirty years

3 weeks ago | semafor.com | Kelsey Warner

Someone break it to South Korea: Qatar is moving in. Seoul was the last to open a permanent pavilion in the coveted Giardini — a thoroughfare of the Venice Biennale, the massive art and architecture exhibition. Last year South Korea published The Last Pavilion, a book to commemorate its 30 years in Venice, ArtNet reported. But the Qataris are making progress on their move to the Giardini, as Gulf countries look to expand their cultural capital.
Smaller Abu Dhabi sovereign wealth fund ADQ sees growth

3 weeks ago | semafor.com | Kelsey Warner

One of Abu Dhabi’s smaller sovereign wealth funds is growing at a steady clip. ADQ’s total assets are worth $251 billion, a spokesperson told Semafor, up 11% from the most recent estimate in June 2024 by go-to fund tracker Global SWF. ADQ came onto the scene in 2018 with $117 billion in cash and assets transferred by the Abu Dhabi government, with holdings that include Etihad Airways, Emirates Nuclear Energy Company, and Abu Dhabi exchange ADX.
Abu Dhabi firm G42 to use locals’ DNA for medical AI

3 weeks ago | semafor.com | Kelsey Warner

Abu Dhabi is looking to leverage more than 800,000 DNA samples its artificial intelligence firm G42 has gathered from the local population to build an AI model for developing new drugs and offering precision medicine. This futuristic vision, put forward by G42 CEO Peng Xiao, is part of broader ambitions by the UAE to become a life sciences hub.