Before Microsoft-backed (MSFT) OpenAI led a group of American technology companies that won a deal to build one of the world’s largest artificial-intelligence data centers in Abu Dhabi, Tesla (TSLA) CEO and Trump advisor Elon Musk worked hard to try to derail the deal if it didn’t include his own AI startup, xAI, people familiar with the matter told The Wall Street Journal’s Dana Mattioli, Josh Dawsey and Eliot Brown. On May 22, Cisco (CSCO) announced the signing of a Memorandum of Understanding to join the Stargate UAE consortium as a preferred technology partner. The strategic MoU, signed by Cisco together with other consortium partners, G42, OpenAI, Oracle (ORCL), Nvidia (NVDA) and SoftBank Group (SFTBY), envisions the construction of an AI data center in Abu Dhabi with a target capacity of 1 GW.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA: