Gulf states wedge AI efforts between superpowers

Viewsroom

Reuters

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4.4 • 58 Ratings

🗓️ 22 November 2024

⏱️ 22 minutes

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Summary

The United Arab Emirates and Saudi Arabia are building home-grown silicon smarts and forging links with the likes of Microsoft. In this Viewsroom podcast, Breakingviews columnists discuss how the region is muscling its way into a technology arms race between China and the US. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt-out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:29.6	The views expressed on this podcast
0:32.0	are those of the participants,
0:34.3	not of Rogers News.
0:39.8	UAE Energy giant Adnock is to apply highly autonomous, agentic artificial intelligence
0:45.9	in the energy industry for the first time.
0:50.4	The push is led by the government-backed G-42, which aims to diversify the UAE's economy away from oil,
0:58.0	and which in April received a $1.5 billion investment from Microsoft.
1:03.0	Artificial intelligence is an endless devourer of data, power, chips and above all capital.
1:13.6	The boom in large language models since the launch of OpenAI's CHAPG-GPT in 2022 has drawn
1:20.6	US tech titans to spend tens of billions of dollars on processors and data centers.
1:25.6	But that's nowhere near enough to fill the $1 trillion in projected spending that Goldman Sachs foresees.
1:32.3	Enter sovereign wealth funds, particularly those in cash-rich Gulf states.
	...

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