News

Global Tech Leaders Unite To Launch Stargate UAE AI Supercluster

G42, OpenAI, Oracle, and other global tech giants will build a 1-gigawatt AI infrastructure hub spanning 10 square miles in Abu Dhabi.

Published

4 weeks ago

May 23, 2025

Nour Nasir

global tech leaders unite to launch stargate uae ai supercluster

G42

In a landmark move for artificial intelligence and global tech collaboration, G42, OpenAI, Oracle, NVIDIA, SoftBank Group, and Cisco have announced the launch of Stargate UAE, a next-generation AI supercluster that will form the core of the newly unveiled UAE–U.S. AI Campus in Abu Dhabi.

The project marks the first Stargate deployment outside the U.S. and will deliver 1 gigawatt of AI compute capacity. Operated by OpenAI and Oracle and built by G42, the facility will run on NVIDIA’s latest Grace Blackwell GB300 systems, integrating cutting-edge AI infrastructure with sovereign-grade data security. The first 200-megawatt cluster is expected to go live in 2026.

Spanning 10 square miles and offering 5 gigawatts of total AI data center capacity, the UAE–U.S. AI Campus will be the largest deployment of its kind outside the United States. Powered by a mix of nuclear, solar, and natural gas, the campus aims to minimize carbon emissions while driving sustainable innovation. It will also house a dedicated science park focused on talent development, R&D, and advanced computing.

Stargate UAE is designed to unlock scalable, low-latency AI capabilities for industries ranging from healthcare and energy to finance, education, and transport. It reflects a shift toward sovereign infrastructure that can power national-level innovation with global impact.

G42 Group CEO Peng Xiao described the launch as a “significant step in the UAE–U.S. AI partnership,” calling it a bridge rooted in trust and ambition. OpenAI CEO Sam Altman framed the project as the first major milestone in the company’s OpenAI for Countries initiative, focused on building global AI infrastructure with trusted partners.

Also Read: Saudi Arabia’s $5B AI Zone To Spark Tech Jobs & Global Innovation

Oracle Chairman Larry Ellison emphasized the role of Stargate in delivering “nation-scale digital sovereignty,” while NVIDIA CEO Jensen Huang called it a bold investment in powering the country’s vision for AI-driven growth. SoftBank’s Masayoshi Son and Cisco’s Chuck Robbins echoed similar sentiments, underscoring the potential of this collaboration to fuel global transformation.

As global demand for AI infrastructure surges, Stargate UAE positions the Emirates as a frontrunner in the race to deliver secure, sovereign, and scalable AI infrastructure — with benefits that stretch far beyond its borders.

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News

Stake Powers Instant Payouts With Checkout.com Pay To Card

The new feature lets investors in the UAE, KSA, and UK receive real estate returns in minutes — cutting withdrawal times to under 10 minutes.

Published

1 day ago

June 19, 2025

Nour Nasir

stake powers instant payouts with checkout.com pay to card

Stake, a leading digital real estate investment platform, has unveiled Pay to Card, a next-generation withdrawal feature built on Checkout.com’s global payment infrastructure. The integration enables investors to have dividends and returns credited directly to their bank cards — often within minutes — dramatically reducing the traditional multi-day payout process.

After a successful pilot in May involving over 200 users, some investors reported receiving their funds in under 10 minutes. Ricardo Brizido, CPTO and Co-Founder of Stake, emphasized the importance of speed and reliability: “With Pay to Card, we’re eliminating unnecessary delays and putting returns in our investors’ hands almost instantly. This feature was built to directly solve one of the most common pain points in real estate investing, and it’s already driving strong results”.

The feature launch coincides with rapid growth in real-time finance across the Middle East. Checkout.com’s “State of Digital Commerce in MENA 2025” report highlights a 388% year-on-year surge in Account Funding Transactions (AFTs) in the UAE, reflecting strong demand for immediate payout solutions. The same study recorded a 176% increase in total processing volume from 2023 to 2024 and noted that daily online transactions have jumped 320% since 2020.

Since its 2021 debut, Stake has facilitated over AED 1 billion in property transactions, advancing its mission to democratize real estate investment in high-growth markets. By integrating Pay to Card, Stake reinforces its commitment to customer-centric innovation and operational transparency.

Also Read: Binance Enters Syrian Market As Sanctions Lifted

Remo Giovanni Abbondandolo, General Manager for MENA at Checkout.com, praised the collaboration: “Stake has always led with customer-first financial experiences. Together, we’re meeting the expectations of a region that is no longer just digital-first, but real-time-first. Pay to Card exemplifies how modern payment infrastructure can directly solve investor pain points”.

Pay to Card is now available to all Stake users in the United Arab Emirates, the Kingdom of Saudi Arabia, and the United Kingdom. By slashing withdrawal times from days to minutes, Stake and Checkout.com are setting a new standard for seamless, on-demand real estate investing.