Changpeng Zhao, Binance founder, recently recognized Abu Dhabi as a global leader in both artificial intelligence and blockchain technology. This acknowledgment comes as the region rapidly expands its presence within these industries. 🇦🇪 Following this announcement, several key developments suggest Abu Dhabi is well-positioned to become a major force in the crypto and AI space. A recent agreement between the US and UAE, allowing for up to 500,000 Nvidia AI chips annually starting in 2025, could provide significant computing power for the Middle East. Additionally, Abu Dhabi’s sovereign wealth fund, Mubadala, recently disclosed a significant stake in iShares Bitcoin Trust (IBIT), demonstrating increasing institutional confidence in digital assets. This move echoes Binance’s own expansion within the UAE, with 1000 of its global employees now based there. Zhao’s remarks underscore the growing intersection between traditional finance and crypto technology in the region.