Artificial intelligence startup Lambda and Microsoft (MSFT) announced a multi-billion dollar agreement on Monday that will see the two companies work together. Read for more.

The tech giant said it is the first company granted an export license by the Trump administration’s Commerce Department to ship AI chips to the UAE.

In 2023, Microsoft partnered with an Abu Dhabi-based company called Group42 to grow its UAE data center presence. The tech giant disclosed today that it will have invested more than $7.3 billion in the partnership by the end of the year. Over half the sum was allocated to capital expenditures, a line item that includes data center infrastructure.

Microsoft’s decade-long investment in the United Arab Emirates underscores its commitment to building a robust artificial intelligence ecosystem, advancing digital infrastructure and fostering local talent through a strategic partnership with G42.

Microsoft has entered into an approximately $9.7 billion cloud services contract with artificial intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips

IREN has signed a multi-year deal with Microsoft to use its cloud-based graphics processing services.

Artificial intelligence (AI) is coming in a big way. A recent United Nations Trade and Development report estimates that the global artificial intelligence market will grow to $4.8 trillion by 2033, a staggering 25-fold increase in just a decade.

Microsoft said Monday it will be shipping Nvidia’s most advanced artificial intelligence chips to the United Arab Emirates as part of a deal approved by the U.S.

Microsoft AI head Mustafa Suleyman asserts that only living beings can truly feel emotions, rejecting the idea of conscious artificial intelligence.