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The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday.
The Commerce Department‘s Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral artificial intelligence agreement hashed out in May, the report said, citing people familiar with the matter.
The deal would boost UAE’s construction of data centres vital to developing AI models.
Nvidia declined to comment on the report.
“The Commerce Department is fully…
