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Lin pours earnings from his day job into real estate. Managing rental properties: 'It's so minimal that I don't even consider it work'The majority of Lin's $1 million net worth is tied up in real estate. He chose to buy in Little Rock, where real estate prices are lower and rent is stable, he says. Lin bought a portfolio of three houses in March 2023, then another building in February 2024. Real estate takes up a lot of Lin's time when he's actively searching for a new place to buy, or when he's dealing with tenant turnover.
Persons: Moses Lin, Lin, Lin customizes, Sophie Epton, influencers, he'll, I'm, — I'm, I've, It's, he's, who's, we're Organizations: CNBC Locations: Southern California, Little Rock , Arkansas, California, Italy, Lake Como, Milan, Ireland, Dubai, Singapore, Chicago , New York, Little Rock
Hub71 plans to announce a new cohort later this year, and it says that applications from sustainability and climate tech startups have doubled since the last intake. “Abu Dhabi is starting to forge ahead as a leading tech cluster for climate in the region,” she said. That Abu Dhabi has thrown its weight and oil wealth behind climate tech is a key attraction for Graphmatech. “To scale up climate tech you need financial support,” Dr Mamoun Taher, its founder and CEO, told CNN. His company has engaged in discussions with key stakeholders in Abu Dhabi, including oil and gas companies.
Persons: Abu, ” Ahmad Ali Alwan, Abu Dhabi, Abu Dhabi’s, Patricia Keating, Karim Sahib, Dr Mamoun Taher, , “ Abu Dhabi, Taher, Organizations: CNN, Mubadala Investment Company, United, Organization of, Petroleum, OPEC, P, PwC, Companies, Sweden’s Uppsala University, Getty, UAE, Emirates Steel, Adnoc, Siemens Energy, Abu, Abu Dhabi National Energy Company Locations: Abu Dhabi, wean, UAE, United Arab Emirates, Dubai, Abu, AFP, “ Abu, United States, Australia, Masdar
Read previewAfter a decade of working abroad, George said he'll return to the US to retire. While he said the healthcare system is great on average, it's becoming more difficult to manage the bureaucracy of insurance filings as an American abroad. "You can pretty much get anywhere by train or bus within Germany," George said. Before he retires to the US, he said he'll try to appreciate all the perks of living abroad. Are you an American living or working abroad and considering retiring in the US?
Persons: , George, he'll, George hasn't, he's, Munich George Organizations: Service, Alliance, Lifetime, Income, Social Security, Business Locations: American, Munich, Seattle, Medicare, Germany, Philippines, America, Europe, Saudi Arabia, Italy, Ukraine, New York, Chicago, Mallorca, Sicily, Dubai
GM indefinitely delays Cruise Origin autonomous vehicle
  + stars: | 2024-07-23 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
DETROIT – General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The Detroit automaker said Tuesday its majority-owned robotaxi unit will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles. Cruise has been using now-discontinued Bolts for autonomous vehicle development for several years. It was not immediately clear how many Origin vehicles the facility has produced, however it was previously reported that ex-Cruise CEO Kyle Vogt, a cofounder, told staff that hundreds of Origin vehicles had been produced. Cruise in February 2022 petitioned U.S. regulators seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without the human controls.
Persons: Mary Barra, Cruise's, Cruise, Rowe Price, Kyle Vogt Organizations: DETROIT, Motors, Cruise, Detroit, GM, Honda Motor, Microsoft, Walmart Locations: Detroit, San Francisco, Phoenix , Houston, Dallas, Dubai, U.S
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Persons: Marriott, Regis, you'll, I've, We've, they've, You'd, You've, Cardholders, it's, Amex, cardholders, Taylor Organizations: Business, Marriott, Read, Marriott Bonvoy Marriott, Ritz, Carlton, Starwood Hotels, Resorts, JW Marriott, Marriott Delta, Sheraton Gaylord Hotels Homes, Villas, Marriott International, Marriott Hotels, Resorts Marriott, Carlton Reserve, Ambassador, Marriott Bonvoy, JW Marriott Chicago, British Airways Executive Club, American Airlines, Korean, Alaska Airlines, Cathay, Cross, Unicef Marriott, American Express, Emirates, Hertz, Hertz Five Star, United Airlines, TSA, Global, TSA PreCheck, Cell, New Hampshire Insurance Company, AIG Company, U.S, Chase, Amex, , Silver Locations: Bora Bora, Aspen, St, Regis, Villas, Maldives, Dubai, Greece, Chicago, Regis Beijing, Hong Kong, Cambridge, Delta, Asia, Cathay Pacific, Alaska, New York, Singapore, U.S, Marriott Bonvoy, Marriott
Read previewMy husband and I recently traveled to Dubai with our two kids and his mother on our first international trip together as a family. AdvertisementOur trip to Dubai could've been way better if we hadn't made these common mistakes. AdvertisementWe thought the kids would love Dubai Dolphinarium, a massive family entertainment space filled with aquatic animals. When we checked online for tickets during our trip, the only ones available were for dates three months away. AdvertisementWe should've packed comfier walking shoesWe walked a lot throughout our trip to Dubai, probably 8,000 to 10,000 steps each day.
Persons: , NurPhoto, Louvre Abu, we'd, Tullio Puglia Organizations: Service, Euromonitor International, Business, Legoland, of, FIFA Locations: Dubai, Legoland Dubai, Louvre, Tullio
All flights for US airlines United Airlines, Delta Air Lines, and American Airlines were grounded early on Friday, with the Federal Aviation Administration (FAA), citing communication issues. Passengers and airline pilots wait at Newark International Airport after United Airlines and other airlines grounded flights because of a worldwide tech outage. Jaipur International AirportJaipur International Airport has confirmed that “flights nationwide” have been affected by the outage. Incheon International Airport, SeoulSouth Korea’s Incheon International Airport said Air Premia, Eastar Jet and several other airlines had been affected. Taoyuan International Airport, TaiwanTaiwan’s Taoyuan International Airport said several airlines at the airport had been impacted.
Persons: it’s, Bing Guan, ” SunCountry, , Ezra Acayan, Andrew Gobeil, John F, Charlotte Douglas, Indira, Paris Charles de Gaulle, Charles de Gaulle Organizations: CNN, United Airlines, Delta Air Lines, American Airlines, Federal Aviation Administration, FAA, United Airlines United Airlines, Delta Air Lines Delta Air Lines, Newark International Airport, Reuters, Air, Allegiant, Microsoft, . Frontier Airlines Frontier Airlines, Spirit Airlines, Porter Airlines, Toronto, AirAsia AirAsia, Ninoy Aquino, Getty Images, Getty Images Cebu Pacific Air Cebu Pacific Air, Qantas Qantas, Singapore Airlines Singapore Airlines, LATAM Airlines LATAM Airlines, Hartsfield, Jackson Atlanta International, Jackson Atlanta International Airport, Dallas Fort Worth International, Chicago O’Hare International, Chicago, International, Kennedy International Airport, Port, Charlotte Douglas International Airport, North Carolina Charlotte Douglas International Airport, Airport, Miami International Airport, US Customs, Border Patrol, , ” Dubai International, Dubai International, Indira Gandhi International Airport, International Airport, Seoul South Korea’s, Taoyuan International Airport, Jetstar, Hong Kong Express, Gatwick, Amsterdam, Schiphol ”, ” KLM Royal Dutch Airlines, Paris Charles de Gaulle Airport, Charles Locations: Delta, United, Las Vegas , Nevada, Caribbean, Latin America, Manila, Philippines, Getty Images Cebu, Australia, Singapore, Chilean, Dallas, New York, York, North Carolina, ” Dubai, Delhi, Jaipur, Seoul South, Taoyuan, Taiwan
The outage was attributed to CrowdStrike, a cybersecurity firm whose software is used by scores of industries around the world to protect against hackers and outside breaches. At least three major U.S. airlines, American, United and Delta, grounded all flights, according to the Federal Aviation Administration, one day after a major outage at Microsoft briefly grounded some flights. “A global technical outage has impacted some airplane operations and terminal services,” the airport said on social media. Disruptions were also reported at Berlin Brandenburg Airport, Schiphol Airport in Amsterdam and Dubai International Airport. Microsoft said the problem had affected multiple systems for customers in the central United States.
Persons: CrowdStrike, ” Michelle McGuinness, Australia’s, Organizations: United, Federal Aviation Administration, Microsoft, Sydney Airport, , Cyber Security, Berlin Brandenburg Airport, Dubai International Locations: Australia, Amsterdam, Phoenix, United States
Here’s what to know if you’re planning to travel this weekend. David J. Phillip/APUS-based carriers American Airlines, United Airlines, Delta Air Lines, Allegiant Airlines, SunCountry and Frontier Airlines all reported issues on Friday. Crews have limits on their working hours, so staffing challenges cascade along with flight delays. That all depends on the type of ticket you have, the airline you’re flying with and whether you have travel insurance (which is always a good idea). If you’re set to travel soon, wherever you are in the world, it’s worth double checking your individual journey status before you travel.
Persons: What’s, It’s, CrowdStrike, David J, Phillip, Cirium, it’s, William Sikora III, you’re, ” Lousson Smith, Aaron Chown, Trenitalia Organizations: CNN, Microsoft, United Airlines, American Airlines, Delta Air Lines, Allegiant Airlines, Frontier Airlines, Federal Aviation Administration, FAA, Ryanair, Air, Turkish Airlines, KLM Royal Dutch Airlines, AirAsia, Dubai, Philadelphia International, Berlin, Amsterdam’s, Edinburgh Airport, CNN Travel, EU, Insurance, Airlines, British Airways, National Rail, Washington , D.C, Washington Metropolitan Area Transit Authority, Metropolitan Transportation Authority, MTA Locations: Air France, Europe, ” Spain’s, Madrid, Barcelona, Delta, , London's Victoria, London, Italy, Washington ,, New York
The Instagram account of Sheikha Mahra bint Mohammed bin Rashid Al Maktoum, the daughter of UAE Prime Minister and Dubai ruler Mohammed bin Rashid Al Maktoum, announced her intention to leave her husband, a fellow royal. “I hereby declare our divorce,” 30-year-old Sheikha Mahra’s account posted on Instagram on Wednesday. There are no pictures of her on Sheikh Mana’s Instagram account either. CNN has reached out to the Dubai government’s Media Office for comment, which referred CNN to Sheikha Mahra’s media office. CNN has reached out to Sheikh Mana for comment through his Instagram account.
Persons: Mahra bint Mohammed bin Rashid Al Maktoum, Mohammed bin Rashid Al Maktoum, , , Mahra, Sheikh Mana Bin Mohammed Al Maktoum, Grazia, Sheikh Mana’s, Zoe Grigorakos, CNN hasn’t, Sheikh Mana Organizations: CNN, United, United Arab Emirates, UAE Prime Minister, Pictures, Dubai government’s Media Locations: United Arab, Dubai, Instagram, UAE
Not content with Dubai having the tallest building, the deepest pool or the highest hotel, urban design firm URB hopes to add one more superlative feather to the city’s cap: the world’s “greenest” highway. The green highway, pictured in this render, would also include a network of footpaths and green community spaces. URB‘A unique set of challenges’Creating the world’s “greenest” highway in a desert city isn’t easy, though. Pictured in this rendering, designs for the Nexgen Sustainable City, which URB has designed for Cairo. URB A Dubai developer is creating green designs for the city Prev NextAn urban utopiaThis isn’t URB’s first foray into utopian future city design.
Persons: URB, Sheikh Mohammed Bin Zayed, Baharash, ” Bagherian, , Baharash Bagherian, , Bagherian, Organizations: CNN, Dubai, United Arab Emirates, European Union, , Hub, Agri Locations: Dubai, , “ Dubai, URB “ Dubai, UAE, Hong Kong, URB, Yiti, Oman, Yas, Abu Dhabi, Cairo, City
Read previewMost developed countries are set to gain more wealthy people in the next five years — with two big outliers. Some countries, like Taiwan, will gain as many as 50% more millionaires during that time. But the United Kingdom and the Netherlands make "notable exceptions" on this list, per UBS, because both are forecasted to lose millionaires. The UK's three million millionaires put it third among countries with the highest number of millionaires last year, as measured in US dollars, per UBS. The loss continues a trend: The UK lost 16,500 millionaires between 2017 and 2023, per immigration consultancy Henley & Partners.
Persons: , Paul Donovan, Donovan, Andrew Amoils, Amoils Organizations: Service, UBS, Business, UBS Global Wealth Management, Henley & Partners, Russia, BI, Henley, Partners Locations: Taiwan, United Kingdom, Netherlands, Paris, Dubai, Sydney, Italy, Spain, Europe
Dubai crown prince appointed UAE defense minister
  + stars: | 2024-07-14 | by ( ) www.cnbc.com   time to read: +1 min
Modern architecture, Dubai central business district and car traffic are seen from Sky Views Observatory on Dec. 13, 2023 in Dubai, United Arab Emirates. The crown prince of Dubai has been appointed as minister of defense for the United Arab Emirates as part of a broader cabinet shuffle, Dubai ruler and UAE Prime Minister Sheikh Mohammed bin Rashid al-Maktoum posted on X. The 41-year-old Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum, who has served as Dubai's crown prince since 2008, was also named as one of the UAE's deputy prime ministers. Sheikh Abdullah bin Zayed Al Nahyan, the UAE foreign minister, was also appointed as a deputy prime minister in the reshuffle. Other new appointments include Alia Abdulla AlMazrouei as minister of state for entrepreneurship, Sarah Al Amiri as minister of education, Abdulrahman Al Awar as acting minister of higher education and scientific research, Sheikh Mohammed's post said.
Persons: Sheikh Mohammed bin Rashid al, Maktoum, Sheikh Hamdan bin Mohammed bin Rashid al, Sheikh Hamdan, Sheikh Abdullah bin Zayed Al Nahyan, Alia Abdulla AlMazrouei, Sarah Al Amiri, Abdulrahman Al Awar, Sheikh Mohammed's Organizations: Views, United Arab Emirates, United, Dubai Locations: Dubai, United Arab, UAE, Instagram
CNN —The 2024 Wimbledon women’s singles final is set: Jasmine Paolini will battle Barbora Krejčíková for the right to lift the iconic Venus Rosewater Dish for the first time in either of their careers. Paolini has already made history by becoming the first Italian woman to make the Wimbledon final and is seeking her maiden grand slam title after falling short in the French Open final last month. Paolini recently went on a surprise run to the French Open final, upsetting former Wimbledon champion Elena Rybakina in the quarterfinals and defeating 17-year-old rising star Mirra Andreeva in the semis. Coming into Wimbledon as the seventh seed this year, Paolini had never won a match on the lawns of SW19. A three-time finalist at the All-England Club, Novotná won the Wimbledon title in 1998 and passed away from cancer in 2017.
Persons: Jasmine Paolini, Barbora Krejčíková, Świątek, Coco Gauff, Markéta Vondroušová, Aryna Sabalenka, Paolini, Roland Garros, Elena Rybakina, Andrej Isakovic, E.T, Anna Kalinskaya, hasn’t, Andreeva, Bianca Andreescu, Madison Keys, Emma Navarro, Donna Vekić, Henry Nicholls, , “ I’m, Krejčíková, Anastasia Pavlyuchenkova, Danielle Collins, Rybakina, Sean M, Jana Novotná, Novotná, , Jana Organizations: CNN, Wimbledon, Getty, ESPN, Paolini, Italian, WTA, Dubai Championships, French, Vekić, WTA Tour, Indian Wells, England Locations: AFP, Wimbledon, Czech, Indian, Miami
Read previewLike most siblings, brother-sister duo Billie Eilish and Finneas O'Connell have had their fair share of tiffs. This story is available exclusively to Business Insider subscribers. AdvertisementThe siblings' partnership started in 2015 after O'Connell wrote "Ocean Eyes." How to mix family and businessMixing family and business can be tricky, but Eilish and O'Connell aren't the only ones who have made it work. AdvertisementMarlo Lyons, a career and executive coach, told Business Insider about some of the benefits of working with family.
Persons: , Billie Eilish, Finneas O'Connell, Eilish, O'Connell, they'd, I'd, Finneas, we've, O'Connell aren't, Patrick, John Collison, Huda Katten, Mona, Alya, Huda, Marlo Lyons, Lyons Organizations: Service, Business, Washington Post, Huda, Vogue Arabia Locations: Dubai
Airbus launches cost cuts to 'save 2024' after output woes
  + stars: | 2024-07-12 | by ( ) www.cnbc.com   time to read: +1 min
An Airbus A350-1000 aircraft flies above a mosque during the 2023 Dubai Airshow at Dubai World Central - Al-Maktoum International Airport on November 14, 2023. PARIS, July 12 (Reuters) — Airbus has launched a program of cost cuts and a freeze on overall headcount to shore up performance at its core planemaking business in 2024 and beyond, weeks after being forced to cut targets for jet production, industry sources said. An Airbus spokesperson declined to comment on internal memos but confirmed the existence of a performance-improvement plan. In the memo, Scherer predicted that Boeing's ongoing corporate and industrial crisis would force Airbus' main rival to "radically change for the better," the sources said. He also drew attention to the steady rise of China as a competitor with strong state backing and a big domestic market.
Persons: Christian Scherer, Scherer Organizations: Airbus, Maktoum International Airport, Boeing Locations: Dubai, Al, Maktoum, PARIS, China
CNN —Jasmine Paolini became the first Italian woman in history to reach a Wimbledon final after beating Donna Vekić 2-6 6-4 7-6(8) in an all-time classic. “I was trying to think about what to do on the court point by point and repeating to myself that there is no place better than here where to fight for every ball, every point. But Paolini, who admitted she was “serving really bad” to start the match, soon found her range in the second set. It was a supremely tense affair, with Paolini only breaking Vekić in her final service game of the set. She then reached her first grand slam final at the French Open last month, where she was beaten by Iga Świątek.
Persons: Jasmine Paolini, Donna Vekić, Serena Williams, ” Paolini, , , I’m, Vekić –, Iva Majoli, Bastien Fachan –, Paolini, Vekić, Henry Nicholls, Iga Świątek, Elena Rybakina Organizations: CNN, Wimbledon, Court, Getty, Dubai Tennis Locations: Croatian, AFP
Photographer Ramesh Shukla moved to Dubai in 1965. Sheikh Zayed and Sheikh Rashid watching a camel race in Sharjah, 1968. The next day, he returned to the racetrack and presented the photo to Sheikh Zayed, asking for his blessing — and it changed everything. Sheikh Zayed Bin Sultan Al Nahyan, the late emir of Abu Dhabi, signing the agreement to form the UAE’ on December 2, 1971. Ramesh ShuklaShukla's photos of the UAE's founding fathers (top) and Sheikh Zayed signing (bottom) are featured on the 50 dirham note.
Persons: CNN — “, ” Ramesh Shukla, Shukla, Ramesh Shukla, , , Sheikh Zayed, Sheikh Rashid, Sheikh Zayed Bin Sultan Al Nahyan, Sheikh Rashid bin Saeed Al Maktoum, Neel Shukla, Ramesh’s, , Tara, Neel, Ramesh, Ajman —, Ras, Khaimah, Neel —, ‘ Papa, ’ ” Organizations: CNN, United Arab Emirates, Ramesh, Emirates, United, UAE ’, Dubai Culture Locations: India, Dubai, Bombay, Mumbai, UAE, Sharjah, States, British, Arabian, Abu Dhabi, , Umm Al, United Arab, Ras Al, Emirates
Spanning 18 categories, from housing and offices to health facilities and sport venues, the shortlist was announced by organizers of the annual World Architecture Festival (WAF) on Monday. 2024 World Architecture FestivalChilean architecture firm Contexto was recognized for its serene A-framed hotel, TAWA Refugio. 2024 World Architecture FestivalLocated on the European shore of the Gallipoli Peninsula in Turkey, the original 17th-century structure was severely damaged during WWI. 2024 World Architecture FestivalThe circular OLM Nature Escape, designed by Andreas Gruber Architects, is a boutique hotel nestled in Italy’s Dolomite Mountains. 2024 World Architecture Festival
Persons: Hadid, Sydney’s, Paul Finch, Kohn Pedersen Fox, Contexto, Kyriakos Tsolakis, Andreas Gruber Organizations: CNN, Australian Embassy, Washington DC, Singapore’s, Airport, of XXI Century Arts, Reutlingen University of Applied Sciences, National Star Observatory of, Kyriakos Tsolakis Architects, Civic, 3NX Architects, Andreas Gruber Architects Locations: Dubai, Cyprus, Turkish, Washington, China’s Zhejiang, Rome, Copenhagen, Germany, TAWA Refugio, Delhi, National Star Observatory of Cyprus, Ezhou, Turkey, Aarhus
LONDON — The number of global millionaires is set to keep rising over the next five years — with the U.K. a stark outlier, according to the 2024 Global Wealth Report from UBS. Gains will be led by tech powerhouse Taiwan, where the number of millionaires is set to jump 47% on the back of the booming microchip industry and a rise in immigration by wealthy foreigners. The two hubs in which the most global millionaires are based, the U.S. and mainland China, are set to see their figures rise 16% and 8% respectively. Another country where the number of dollar millionaires is forecast to decline was the Netherlands, which is estimated to see a 4% drop in such wealthy individuals. The report meanwhile sees the number of U.S. dollar millionaires in Russia growing by 21%.
Persons: Paul Donovan, Donovan Organizations: UBS, Taiwan, UBS Global Wealth Management, Russia, Labour Party, Conservative Locations: Turkey, Kazakhstan, Indonesia, Japan, U.S, China, France, Italy, London, Dubai, Singapore, Netherlands, Russia
This was my first time in premium economy, and I was surprised at how upgraded the experience felt. Premium economy is worth trying, especially if you can find a good deal like I did. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementI had to fly from Melbourne, Australia, to Dubai with only a few weeks' notice, and unfortunately, airfares for direct flights were expensive. Emirates has three direct flights from Melbourne to Dubai a day at 9 p.m., 2 a.m., and 5 a.m.
Persons: Organizations: Emirates, Service, Business Locations: Melbourne, Australia, Dubai
You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing's latest addition to its growing fleet of commercial jets is the innovative 777X. This story is available exclusively to Business Insider subscribers. AdvertisementThat's thanks to its mammoth engines and wingspan, the latter sporting a revolutionary technology not yet seen in commercial aviation but necessary for the plane's success: folding wingtips.
Persons: , Tim Clark Organizations: Service, Boeing, Dubai Airshow, Airbus, British Airways, Emirates, Lufthansa, Business
Brent crude trades above $87, sets highest levels since April
  + stars: | 2024-07-05 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Oil prices for Brent crude hit their highest level since April on Thursday, holding above $87 after data the previous day showed a decline in U.S. inventories. Brent crude futures were up 21 cents, or 0.2%, at $87.55 a barrel by 1922 GMT. In the previous session, Brent gained 1.3% to settle at $87.34 for its highest close since April 30. Those gains followed a larger than expected decline in U.S. crude stocks.
Persons: Brent, WTI, Martin King, King, Tamas Varga, Rosneft Organizations: Brent, . West Texas, U.S, Independence, U.S . Energy Information Administration, Reuters, RBN Energy, U.S . Federal Reserve, Saudi Aramco, OPEC, UBS Locations: Gaza, France, United Kingdom, Novorossiisk, Saudi, Asia, Oman, Dubai, OPEC, Swiss
Atlantis, The Royal Atlantis, The Royal: The suites rooms are all connected via a mobile app, allowing guests to control their room's thermostat, lighting, and television remotely. Atlantis, The Royal Atlantis, The Royal: The triple-height library provides a secluded space to work, read or relax. Atlantis, The Royal Atlantis, The Royal: The entertainment room is kitted out with a 98-inch LED screen for a home cinema experience. Atlantis, The Royal Atlantis, The Royal: Every room has stunning views — including the marble-clad bathrooms. Atlantis, The Royal Atlantis, The Royal: Guests can enjoy designer amenities made by French fashion house Hermès, as well as bespoke gold toothbrushes, combs and brushes.
Persons: Masyaf, Dar Al Masyaf, Jumeirah Dar Al Masyaf, Villa, Abra, Lana, David, what’s, Jay Z, Louis Vuitton Organizations: CNN, Villa, Jumeirah Dar, Dar, cabanas, Atlantis, Imperial, Penthouse, Seasons Dubai, Four, Dubai, Suite, Jumeirah Burj, UAE dirhams, Royal Locations: Gold, Dubai, Dar Al, Jumeirah Dar Al, Arabian, Dorchester, Burj Khalifa, Jumeirah Burj Al, Arab
CNN —The world’s first minister dedicated to developing artificial intelligence (AI) strategy is already becoming embroiled in a global power struggle for tech supremacy. The UAE is one of the world’s largest producers of fossil fuels, and Abu Dhabi sees its AI push as crucial for diversifying away from oil. Christopher Pike/Bloomberg/Getty ImagesWashington has also limited the sale of sophisticated US chips to ensure China doesn’t use Middle Eastern nations as a back door to access the newest AI technology, according to Reuters. By opening up the technology, Abu Dhabi is positioning itself as an ally to developing nations that don’t have the resources to build their own AI tools. In March, a report commissioned by the US State Department warned that the most advanced AI systems could, in a worst-case scenario, “pose an extinction-level threat to the human species.”Olama has some specific concerns.
Persons: Biden, Omar Al Olama, , Zayed Al Nahyan, Abu Dhabi, , ” Olama, Al Olama, ’ ”, Christopher Pike, Olama, Abu Dhabi’s, ” James Lewis, Abu Dhabi’s Mohamed bin, Gifty Sahany, Lewis, ” He’s Organizations: CNN, Microsoft, United Arab Emirates, UAE, PwC, Commerce Department, Huawei, Etihad, United, Bloomberg, Getty, Washington, Reuters, Nvidia, Apple, Technology Innovation Institute, Google, Center for Strategic, International Studies, Washington DC, University of Artificial Intelligence, Systems, US State Department Locations: Abu Dhabi, UAE, China, United States, Dubai, Gulf, United Arab Emirates, Beijing, Washington, University, Valley
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