The UAE is investing in AI and digital currencies, with a $7 billion project to build US-based data centres.
A top UAE official, Sheikh Tahnoon Bin Zayed Al Nahyan, met with White House crypto and AI czar David Sacks to discuss digital currencies, artificial intelligence, and potential investments.
Tahnoon, the UAE’s national security adviser, revealed on social media that their discussions focused on AI’s impact and the growing role of digital currencies in the global economy.
The meeting was part of a broader engagement between UAE and US officials. Tahnoon attended a dinner with former President Donald Trump and senior advisers, where they explored ways to deepen economic and technological cooperation.
Additional talks included meetings with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent to discuss trade and investment, as well as a video call with White House cost-cutting czar Elon Musk.
Reports suggest that Tahnoon met leading tech executives, including Microsoft CEO Satya Nadella and Nvidia CEO Jensen Huang, to discuss AI and semiconductor access.
The UAE reportedly seeks to expand its technology infrastructure in the US, particularly following US export restrictions on advanced computer chips.
Through his investment firm MGX, Tahnoon is backing a $7 billion investment in a private-led project called “Stargate,” aiming to develop AI data centres across the US.
His financial empire, valued at $1.5 trillion, includes significant stakes in sovereign wealth funds, banking, and AI development, reflecting the UAE’s growing influence in global tech and finance.
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