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Wall St Engine
@wallstengine
Fast, accurate, consistent stock market news, earnings highlights & more. By Brillinsight. Not financial advice.
Joined March 2022
995 Following    214.3K Followers
G42 WEIGHS U.S. MAJORITY OWNERSHIP TO PRESERVE AI CHIP ACCESS Abu Dhabi AI firm G42 is exploring a major restructuring that could include selling a majority stake to a U.S. company or creating a new U.S.-based vehicle, Bloomberg reports. The goal is to maintain access to cutting-edge U.S. AI chips after its current license-free arrangement expires around April 2027. G42 already counts Microsoft $MSFT and Silver Lake as investors and is building a 5 GW UAE-U.S. AI campus in Abu Dhabi using NVIDIA chips. No final decision has been made.
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