Trump used WLFI to sell AI chips to the UAE

According to an investigation by the New York Times, the United Arab Emirates has been able to strike a lucrative deal with President Donald Trump’s White House. AI chips, the sale of which is normally highly regulated, can now be purchased in exchange for crypto. If the article is accurate, the Trump family sold access to AI chips through World Liberty Financial, their own crypto company.

Biden

During Joe Biden’s presidency, Nvidia, arguably the world’s most famous chipmaker, was eager to sell its new AI chips to Middle Eastern countries, primarily because the then-Democratic White House had decided to impose strict regulations on the sale of AI chips to China, one of Nvidia’s largest export markets.

However, because Biden knew the United Arab Emirates would never need such large quantities of chips for itself, the sale was prohibited, as there was a possibility they would then be resold to Beijing.

US regulations surrounding the sale of chips were quite clear, stipulating that no dollar amount from China could flow into AI chips. But no one was talking about digital currencies. So, a deal was set up through World Liberty Financial, the Trump family’s cryptocurrency company. Investigations show that Sheikh Tahnoon of the UAE (who controls the country’s wealth fund) purchased some $2 billion worth of crypto via World Liberty Financial using Binance, and in return, the UAE gained access to the coveted AI chips.

It will be interesting to see where the chips ultimately ended up, because given the UAE’s size and population, it can’t possibly have been for its own use.