(Reuters) -The United States has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, Bloomberg News reported on Wednesday.

The Commerce Department’s Bureau of Industry and Security recently issued the Nvidia export licenses under the terms of a bilateral artificial intelligence agreement hashed out in May, the report said, citing people familiar with the matter.

The deal would boost UAE’s construction of data centers vital to developing AI models.

The approval came after the UAE made concrete plans for a reciprocal amount of investment on American soil, the report said.

Nvidia declined to comment on the report.

“The Commerce Department is fully committed to the transformational U.S.-UAE AI partnership deal,” a spokesperson for the government told

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