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Saudi Arabia And UAE Join The Global Rush For AI Dominance
As operational expenses for AI soar, the race is on to purchase as many high-performance Nvidia chips as possible.
The United Arab Emirates and Saudi Arabia are now part of the global race to buy up thousands of Nvidia A100 and H100 chips, two of the company’s high-performance processors, due to their pivotal role in Generative Artificial Intelligence (GenAI) development.
The Nvidia H100 chip, with a massive price tag of $40,000, is the world’s first processor designed specifically for GenAI. Saudi Arabia already has a stash of over 3,000 of the chips at the King Abdullah University of Science and Technology (KAUST). Meanwhile, the UAE has access to thousands of Nvidia processors and has even developed a unique large language model, known as Falcon, at the Technology Innovation Institute.
The ongoing global chip shortage is contributing to the scarcity and pricing of the processors, and the total cost for server infrastructure is expected to exceed $76 billion by 2028. OpenAI, the leading player in the field, currently runs ChatGPT on a cloud infrastructure costing millions of dollars per day to run. At the same time, the massive amounts of computing power required by these AI systems is also responsible for driving up energy consumption and other related expenses.
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The global scramble for high-performance Nvidia chips reflects AI’s pivotal role in shaping modern, digital-first economies. The ambitions of Saudi Arabia and the UAE to play leading roles in AI development come at significant financial costs and underscore the need for highly efficient computing methods. The development of AI involves not only scientific innovation but also careful attention to the ethical and environmental implications of the technology.
One thing is for sure: As the AI arms race gathers pace, striking a balance between technological advancement and social and environmental responsibility will become paramount.
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LUVED Is A New Curated Preloved Marketplace For The UAE
Sellers keep 100 percent of every sale and AI can build a listing in five seconds — though the app’s smartest tools are still coming.
Secondhand shopping has become mainstream in the UAE, but the experience is still scattered across resale sites, social media and informal group chats. LUVED, a mobile-first marketplace that launched in Dubai this month, is betting it can pull that activity into one place — and that the thing buyers and sellers actually want is not more inventory, but trust.
The app trades in what it calls circular luxury: preloved fashion and lifestyle pieces across men’s, women’s and children’s categories, bought, sold or given away peer to peer. Its main pitch is economics, with sellers keeping 100 percent of every sale under a zero-commission, fast payout model, while buyers are promised vetted pieces at lower prices.
Where LUVED is staking its reputation is verification. Sellers pass a KYC check, and items run through a two-layer authentication system powered by Entrupy that pairs instant AI screening with human expert review for high-value pieces. Authenticity certificates travel with each item, payments sit in escrow, and a buyer-protection package the company calls The Safety Net adds a 48-hour return window and dispute resolution. Door-to-door logistics removes the in-person meetups that make most resale deals awkward.
An in-app assistant called Luvbot — offering selling insights and demand-based recommendations — is soon to be introduced to the platform. Other features include autofill and dynamic pricing that lets users build a listing in as little as five seconds from three photos, plus a swipe-based feed, story-style drops and in-app chat in English and Arabic. Finally, a gifting layer, Luved & Gifted, lets users pass items to others inside the app rather than sell them.
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“After moving to Dubai, I saw how difficult it was to sell or even give things away,” says founder and CEO Shaima Sibtain. The friction is real, and so is the competition. In resale, trust is won transaction by transaction — and that is the test LUVED has set itself.
The app is live on the App Store now, with Google Play to follow. The company also plans to expand across the region, which will be the real test for a marketplace staking everything on trust.
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