James Altucher:

Microsoft To Ship 60,000 Nvidia AI Chips to UAE Under U.S.-Approved Deal

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. Commerce Department.

The software giant said licenses approved in September under “stringent” safeguards enable it to ship more than 60,000 Nvidia chips, including the California chipmaker’s advanced GB300 Grace Blackwell chips, for use in data centers in the Middle Eastern country.

The UAE’s special access to Nvidia's chips is tied to its pledge to invest $1.4 trillion in U.S. energy and AI-related projects, an outsized sum given its annual GDP is roughly $540 billion.

Microsoft’s announcement is part of the company’s planned $15.2 billion investment in technology in the UAE, which it says has some of the highest per-capita usage of AI. Microsoft had already accumulated in the UAE more than 21,000 of Nvidia’s graphics processor chips, known as GPUs, through licenses approved under then-President Joe Biden.

“We’re using these GPUs to provide access to advanced AI models from OpenAI, Anthropic, open-source providers, and Microsoft itself,” said a company statement.

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Ray Blanco:

Trump Says No Blackwell Chips To Be Sold to China — Nvidia Re-Entry Into Beijing Nixed Despite Temporary Trade Truce

Despite a year-long trade truce being reached last week, it seems President Donald Trump is still adamant about his position to restrict high-end AI chip access to China. 

Speaking to CBS last night, Trump made it clear that Nvidia's current-gen, flagship Blackwell AI GPUs will not be allowed to be sold to China.

The ongoing AI race largely stands atop the shoulders of chipmaker Nvidia since its AI GPUs are used for training and hosting models for inference around the world. China is already barred from receiving high-end AI GPUs, with Nvidia being forced to produce neutered variants of its popular accelerators that comply with trade restrictions, allowing them to be sold to China. 

Nvidia CEO Jensen Huang has said the company's market share in Beijing has dropped to zero, implying that any sort of breakthrough would change the landscape drastically, but it seems that's not on the cards right now.

Recent rumors suggest that a B30A China-exclusive variant is in the works, featuring half the performance and memory of the regular B300, meeting export control requirements, though nothing is set in stone yet.

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Davis Wilson:

Amazon Stock Jumps on $38 Billion Deal With OpenAI To Use Hundreds of Thousands of Nvidia Chips

Amazon (AMZN) stock jumped roughly 5% Monday morning after the company announced a $38 billion deal with OpenAI for the ChatGPT developer to access hundreds of thousands of Nvidia's (NVDA) AI chips through its cloud computing infrastructure.

Under the partnership, OpenAI will run its AI workloads on Nvidia’s GPUs (graphics processing units) housed within Amazon’s AI servers. The companies said OpenAI would immediately start using AI infrastructure provided by Amazon’s cloud segment, Amazon Web Services (AWS), scaling to the full computing capacity outlined in the deal before the end of 2026.

The move is just the latest in OpenAI’s string of deals with cloud providers and chipmakers. OpenAI also has a $300 billion deal with Oracle (ORCL) and agreements with AI data center provider CoreWeave (CRWV) worth more than $22 billion. The AI developer recently announced agreements with Broadcom (AVGO), AMD (AMD), and Nvidia (NVDA).

The circular AI deals have added to fears of a market bubble and raised concerns that AI demand could be overstated. OpenAI’s costs are set to surpass $1 trillion by the end of the decade, while its revenue remains far below that value.

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