G42 Weighs US Ownership to Keep Buying Nvidia Chips

G42 weighs US ownership to keep buying Nvidia chips

Executives at Abu Dhabi’s G42 have held exploratory talks about selling a majority stake to American companies, Bloomberg reported on Friday, as the firm races to guarantee access to advanced chips beyond next year. Alex Dooler, Zainab Fattah and Dinesh Nair sourced the account to people familiar with the matter, who declined to be identified because […] This story continues at The Next Web

Abu Dhabi’s G42 Weighs US Ownership to Safeguard AI Chip Access

Executives at Abu Dhabi-based artificial intelligence firm G42 have held exploratory talks over potentially selling a majority stake to American companies, people familiar with the matter said, as it races to guarantee access to high-tech chips beyond next year.

Abu Dhabi's G42 Explores Selling US Investors a Majority Stake for Permanent Nvidia Chip Access

G42, Abu Dhabi's flagship AI firm, is exploring a sale of majority ownership to US investors and full US reincorporation, aiming to secure permanent access to Nvidia's advanced chips beyond the nine-month window granted by a July 2026 export rule change. The move follows Microsoft's 2024 stake in G42 tied to the company cutting ties with China.

G42 considers US ownership to secure AI chip access

G42's potential US reincorporation could reshape global AI dynamics, enhancing US-Gulf tech ties and influencing semiconductor access policies.