From Investing.com: 2024-05-24 06:00:56

Microsoft President Brad Smith revealed details of a deal with UAE-backed AI firm G42, potentially including transfer of AI chips and tools, raising national security concerns. Lawmakers cite lack of safeguards and disclosure. Commerce Department approval needed. Legislation proposed for export restrictions on AI models. Microsoft emphasizes technology security and compliance.

Microsoft and G42’s $1.5 billion partnership aims to expand AI tech influence beyond the UAE. Initial focus on Kenya. Transfer of sensitive technologies raises security concerns. Details remain unclear. Encryption challenges persist. Regulatory framework discussions ongoing. G42 to enforce “know your customer” rule and adhere to regulatory requirements. Financial penalties imposed if agreement breached.

Commerce Secretary Gina Raimondo’s role in approving deal uncertain. Control of technology transfers subject to export regulations. Emphasis on safety and security of American technology by Microsoft. Potential transfer of technologies beyond UAE. Urgent need for updated legal framework amidst fast-moving tech sector. Engagement with U.S. lawmakers ongoing.



Read more at Investing.com: Microsoft’s UAE deal could transfer key U.S. chips and AI technology abroad By Reuters