#uae

OpenAI CEO Sam Altman has called for up to $7 trillion in investments to establish infrastructure for manufacturing artificial intelligence chips, addressing the severe global shortage. He has shared this proposal with both the government and business leaders in the United Arab Emirates (UAE).

OpenAI CEO Sam Altman envisions the United Arab Emirates (UAE) as a pivotal location for trialing artificial intelligence and other innovative technologies. He expressed this viewpoint during a virtual meeting with the UAE’s Minister of Artificial Intelligence.

The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax.

CZ has opposed the US government’s efforts to block his return to the UAE to be with his family while awaiting sentencing following his guilty plea.