An AI company based in the UAE has explored selling a majority stake to American companies. G42 faces access restrictions to American chips as its license expires next year. The company is a major player based in Abu Dhabi, which was started by a member of the royal family to lead the country's play into AI and tech. Jake Connelly has been tracking all this. Alright, Jake, so basically Abu Dhabi spent years building G42. It sounds like it's it's a sort of this national AI champion, right? Now, per Bloomberg, it might effectively hand majority ownership to Americans. So what's going on here?

That's exactly right. Uh G42 has kind of become the Emirati answer to getting in on the AI trade and getting in on that game. They're investing huge amounts of money, building a 5 gigawatt US Emirati campus in Abu Dhabi, expanding across cloud computing. All of this though requires access to the most cutting-edge chips, like those coming out of Nvidia. Those chips are subject to export controls under the US. Now, right now, G42 doesn't have to apply for specific individual licenses each time it wants to buy one of those chips. That's set to change next year under new US export controls and how those laws are being shifted. So what's the answer for G42 to make sure they keep that supply? Bloomberg reporting, what if we sold a majority stake to an American buyer, to an American company so that we are American-owned, American-dominated to get around those exports. Now let's let's be clear this is very, very early, very preliminary, no deal has been confirmed, but the logic here is very clear for G42. If we need access to these chips, why not sell a stake or restructure our chip division out and sell that to an American?

How does any, early days, but any sense of how Washington feels about this?

So for the Trump administration, this could be seen as a good thing. President Trump kind of throughout his 10 years president has really worked to shore up relationships with the GCC, with the monarchies in the Gulf, whether that's Saudi Arabia, the UAE, Jordan, all of these countries that he's trying to bring into the fold. We saw the announcement last year of the Stargate project in Abu Dhabi, this huge investment. We saw the commitment from Abu Dhabi to invest 1.4 trillion dollars over the next decade into the US economy. So they want this tighter and tighter relationship, and the US would also like to see its AI technology be the base player across the world. The worry from the national security Hawks, especially the China Hawks here is that, okay, if we start giving them these chips, are those going to get, or if we get them more of them, are they going to get redirected to China? Are we going to be ceding some ground there? The other, you saw um, the UAE have to cut ties with uh with financial ties with Iran and with Tehran over the national security concerns. So the worry here for the Hawks is, if we're giving them these chips, is there a risk that goes wrong? But for the Trump administration who wants to see the US control AI on a global scale, this looks like an opportunity to bring in one of the key players onto the US side, into the US fold.