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U.S. approves several billion dollars of Nvidia chip sales to UAE

CNBC · Just In
CNBC
CNBC
Just In

CNBC's Kristina Partsinevelos reports on the latest news regarding Nvidia and the U.S. Commerce Department reportedly approving several billion dollars of Nvidia chip sales to the United Arab Emirates.

Breakdown
  • U.S. Commerce Department approves several billion dollars of Nvidia chip sales to the UAE.
  • The chips are part of a deal signed in May, with Nvidia declining to comment. 20s
  • The U.S. faces a power crunch, impacting data center expansion and electricity costs. 33s
  • The UAE offers lower electricity costs and reliable energy, attracting major data center investments. 1m 16s
  • The UAE now has advanced Nvidia chips and robust power infrastructure, while the U.S. contends with energy challenges for AI development. 1m 32s
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