UAE and France sign AI investment partnership to develop talent and create chips – The National

UAE and France sign AI investment partnership to develop talent and create chips – The National

The UAE and France have teamed up for an artificial intelligence investment partnership that will include developing talent and the creation of semiconductors, in a boost to the Emirates' technology drive.This collaboration is aimed at enhancing both countries' AI ecosystems, which will be developed and deployed in key sectors, the Abu Dhabi Media Office said in a statement on Wednesday.The partnership was formalised with the signing of a preliminary agreement between the Abu Dhabi Artificial Intelligence and Advanced Technology Council and France's Ministry of Economy, Finance and Industrial and Digital Sovereignty.It was signed by Khaldoon Al Mubarak, member of the AIATC and group chief executive of Abu Dhabi sovereign wealth fund Mubadala Investment Company, and Bruno Le Maire, France's Minister of Economy.The collaboration will cover infrastructure for data centres and supercomputers, AI training, cloud and data, as well as start-up investments and AI applications in key sectors including health, finance, software, retail and industry, the media office said.

During a separate media roundtable announcing a similar partnership with Mubadala, Mr Le Maire said the tie-up between the countries is expected to boost economic co-operation and be a “win-win” for both sides.Mr Le Maire did not provide any projected figures for investments