The investment marks a new phase in Microsoft-UAE's bid to become a global AI powerhouse, deepening US–UAE technology collaboration.

The agreement, signed at the ENACT Majlis in Abu Dhabi, builds upon an initial one signed in April 2024 by the two.

Seven-year deal gives OpenAI immediate access to hundreds of thousands of Nvidia chips on AWS while its Azure pact continues.

​The Kingdom alone raised $637M, 92.4% of the total figure, while Dar Al Majed Real Estate Company led the region’s largest IPO of the period at $336M.

The API-based partnership enables verified, attributed visuals in Perplexity’s search responses.

The initiative aims to make AI education accessible to everyone in the UAE, including students, professionals, and businesses.

Cybersecurity and data quality take the lead as top concerns for AI deployment as AI is expected to become a large-scale energy consumer.

Despite higher revenue, net income fell to $2.71 billion, compared with $11.58 billion a year earlier.

Partnership marks a convergence of two leading digital platforms in the Kingdom’s on-demand economy

The firm is also looking to develop new AI agents in the region to position the Middle East as a hub for autonomous systems.