
Dubai govt gifting free ChatGPT Plus to everyone? Is it real, what is the truth, and where is the catch
Yes, it is real. If you live in Dubai or any place else in the UAE, you'll soon get free access to ChatGPT Plus — the premium version of OpenAI's popular chatbot. This move makes the UAE the first country in the world to offer ChatGPT Plus — which usually costs $20 (roughly Rs 1,700) a month — to its entire population at no cost. The plan is part of a major agreement between OpenAI and the UAE government, under a programme called OpenAI for Countries. This programme is not just about free AI tools — the bigger goal is to help countries build local AI infrastructure while staying in line with US regulations and global partnerships.advertisementSo, what's the truth behind this? The deal is a big one. As part of the partnership, OpenAI and several global tech companies — including Oracle, Nvidia, Cisco, SoftBank and G42 — are coming together to build a massive AI computing centre in Abu Dhabi. It's called Stargate UAE, and the first phase of the project — around 200 megawatts — is expected to be ready by next year. In total, the facility is planned to reach one gigawatt of computing power, which is huge. OpenAI's CEO, Sam Altman, says the idea is to spread the benefits of AI — like improved healthcare, cleaner energy, and better education — to more people around the world.Now, what about the catch? Honestly, there doesn't seem to be one — at least, not for the public. If you live in the UAE, you'll be able to use ChatGPT Plus for free, whether it's for writing, coding, studying, or simply getting answers to everyday questions. This version includes OpenAI's most advanced tools and models. For the general public, it's a win. But the real investment is happening behind the scenes.advertisement
According to a report by The New York Times, the partnership includes a huge financial commitment: for every dollar spent by the UAE on local AI development, the same amount will be invested in US-based AI infrastructure. That figure could reach up to $20 billion in total. So, while people in the UAE get free access to advanced AI, the broader plan is to grow OpenAI's influence and ensure US-aligned AI systems become the global standard.And while the UAE appears to be leading the charge, this could just be the beginning. OpenAI says its Chief Strategy Officer, Jason Kwon, will be visiting other Asia Pacific nations to explore similar deals. If things go well, more countries may get access to ChatGPT and localised AI tools, customised to their languages, cultures and regulations.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
an hour ago
- Time of India
Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Nirma Group's Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement . The money was paid to lenders on Saturday, allowing them to write back their provisions this quarter, two people aware of the details said."The money came to lenders on Saturday and has been distributed. There were some delays due to some litigation but now that everything is settled, the company transferred the money well ahead of the June 24 deadline," said one of the persons cited with 25% of the more than Rs 8000 crore debt stands to gain Rs 431 crore, while Union Bank will get Rs 345 crore, calculations by ET acquisition will help Nuvoco Vistas boost its installed cement capacity by over 20% reaching around 31 MTPA and is the company's third acquisition after Lafarge Cement and Emami Cement. A Mumbai bench of the NCLT had approved the acquisition in Vadraj Cement, formerly owned by ABG Shipyard, has a 6 million tonne grinding unit in Surat and will add to Nuvoco Vistas' existing production capacity of 25 million tonne by more than 20%.The acquisition was undertaken through Vanya Corp , a wholly-owned subsidiary of Nuvoco Vistas. Subsequently, Vanya will be merged with Vadraj Cement, according to the resolution plan. Vadraj Cement will ultimately become the wholly-owned subsidiary of the Rs 1,800 crore offer outbid Adani Group at an auction under the court-monitored corporate insolvency, ET had reported in January this year. Adani group-backed Ambuja Cement had partnered with Prudent ARC-backed RKG Fund to acquire the Gujarat-based cement the Rs 1,800 crore offered by Nuvoco Vistas, Rs 1,725 crore will be used for repaying financial creditors' dues, and the balance is set aside for operational credit, dues to employees, an insolvency resolution process costs.


Indian Express
an hour ago
- Indian Express
Developments since June 6 decision show why we need to be cautious: MPC's Nagesh Kumar
The Reserve Bank of India's (RBI) decision earlier this month to tighten its stance to 'netrual' from 'accommodative' even as it cut the policy repo rate by a larger-than-expected 50 basis points (bps) to 5.50 per cent caught markets off-guard. However, according to Nagesh Kumar, one of the three external members on the central bank's Monetary Policy Committee (MPC), developments since the June 6 rate cut show why policymakers need to be cautious. 'Although the inflation numbers up to May are looking very good, with oil prices shooting up due to the Israel-Iran conflict, you never know what is in store. So, a neutral stance allows you freedom to adjust your actions. Since the MPC's decision on June 6, a lot has changed. We live in a very dynamic world, and that is why we need to be cautious,' Kumar said. Global crude oil prices rose to around $75 per barrel after Israel attacked Iran on June 13. Investors are now anticipating another sharp increase in oil prices after the US said on June 21 it had bombed three Iranian nuclear facilities. Speculation is rife if Iran – which has called the US attack outrageous and said it reserves all options to defend its sovereignty – will look to retaliate by blocking the Strait of Hormuz, a key waterway which handles almost a quarter of the global oil trade. In an interview with Siddharth Upasani, Kumar – Director and Chief Executive of New Delhi-based think-tank Institute for Studies in Industrial Development – also discussed how a consensus was finally achieved on his calls for a 50 bps rate cut and why growth numbers are not showing a broad-based revival, among other subjects. Edited excerpts: In the last meeting (in April) itself I had started making a case for a 50 bps cut. But at that time, trends were not very clear. There was uncertainty about the inflation number – it had begun to come down, but the drop was not significant enough. However, in June, we had numbers before us like 3.2 per cent in April. It has gone down even further in May. Looking ahead, the outlook seemed to be quite comfortable and benign because of the expectation of a better-than-normal monsoon, the declining prices of crude oil, and the softening of the US dollar. It was in that context and keeping in mind the continued concern about tariff-related uncertainties –the external economic environment had become very uncertain and volatile, with International Monetary Funds and Organisation for Economic Co-operation and Development downgrading the outlook very significantly, and World Trade Organization (WTO) projecting -1.5 per cent growth in world trade – and the need to support growth and the continued concerns about urban consumption and private investment not picking up that we cut the repo rate by 50 bps. In my view – and I articulated this in the April meeting – compared to two cuts of 25 bps each, one larger cut of 50 bps would be more effective. My reason was very common-sensical: if it is a quarter percentage point reduction, the banker might absorb a part of it as it is such a small change. But if it is 50 bps, the banker will have to pass it on with lower lending and deposit rates. We have seen the transmission of the 25 bps cuts being a bit slow. Of course, there will be a lag. But the stickiness of the deposit and lending rates was there. But 50 bps would be large enough to push the banks to take it into account. And if we feel confident that we will need another cut of 25 bps two months down the line, why not frontload it? That's why I made a case for a 50 bps cut. And this time, compared to April, the reason and policy space were much more solid. Seeing that, the consensus between us was easier to achieve. Well, at that time, inflation was high. And inflation targeting requires action when inflation is high. Even till October 2024, when the MPC was reconstituted, inflation was quite high around 6 per cent. The RBI's action also needs to be seen in the context of growth. We ended 2023-24 with a very robust 9.2 per cent growth. Growth was much less of a worry at that time. Yes, 7.4 per cent was a pleasant surprise and showed some kind of revival. However, it was not a broad-based revival; it was driven by rural consumption and government capex towards the end of the financial year. Because it was not broad-based and the external environment is becoming more challenging and uncertain – Liberation Day was in April – this is the time when you need to build policy actions which will protect the growth sentiment and build momentum. The change in the stance to neutral caught everyone off-guard, with the MPC saying there is very limited space to support growth going forward. Should we rule out rate cuts now? The way inflation outlook is shaping will determine the future course of action. The RBI Governor, in a recent interview, has clarified that. It depends upon what kind of inflation you have because you need to have a certain real rate of interest. If that becomes negative, then savings will not be incentivised. Assuming that 1.5 per cent is the real rate of interest you want to preserve, then the floor (for repo rate) with inflation rate would be 5.5 per cent. However, if inflation goes to 3 per cent, then you have additional room to manoeuvre. Therefore, it really depends on the dynamics of the inflation and growth numbers. I wouldn't say that. Strictly speaking, the stance is not within the purview of the MPC. But we, of course, make some observations. I think it was purely the fact that with the 50 bps rate cut, the room (to cut further) going forward is limited. In view of that, it was a step to manage expectations. The uncertainty surrounding us is another factor to keep the stance neutral, which gives you more freedom to go either way. Although the inflation numbers up to May are looking very good, with oil prices shooting up due to the Israel-Iran conflict, you never know what is in store. So, a neutral stance allows you freedom to adjust your actions. Since the MPC's decision on June 6, a lot has changed. We live in a very dynamic world, and that is why we need to be cautious. When circumstances are uncertain and you want to promote growth, you try to reduce the cost of capital to make it easier for the entrepreneur who is sitting on the fence on whether to invest or not. That is what it does at the margin. Ultimately, investment decisions are a very complex process. But the cost of capital is one of the factors which is weighed by the entrepreneur, and policymakers try to assist the process. By lowering the cost of capital and trying to push demand, you are creating more favourable conditions for an investment decision than before. As I said, making an investment decision is a very complex process and cost of capital is only one of the factors. You can only exercise the levers which are within your control. You can't really do much about global uncertainty. What Mr Trump does on a day-to-day basis is something you have no control over. But holding other things constant, these (such as lowering the cost of capital) are some of the things which we can do something about. The other could be a fiscal stimulus which may be helpful to revive demand. The government has budgeted for a very substantial capex. So, frontloading the capex to keep the momentum up while things settle down in the international market could be another thing that could be done. Well, they are reacting to the changed times. We are now in a situation where the multilateral framework for trade has been completely put aside. MFN (Most Favoured Nation) – which has been the bedrock of multilateralism – has also been thrown out the window because Mr. Trump has X rate for China, Y rate for India, Z rate for Europe. The dispute settlement mechanism of WTO has been abandoned for some time because the Appellate Body was not renewed. In normal times, you don't have that urgency and you negotiate in a very relaxed manner. But when you need to, you find ways to expedite the process. That is what is happening. There is a realisation that we need to seize the moment and close these deals quickly before the damage is done, to protect and preserve our economic interests in the best possible manner. Sooner we do that, the better it is. Then the uncertainty that is prevailing is cleared. Yes, some of these are the early harvest type of arrangements, and they will continue to be negotiated. But normally in trade negotiations, you know what you can do for a large part of the agenda and only a small part, maybe 10-20 per cent, holds up progress. So, the best way forward is to move ahead with the part of the agenda on which you have no issues and find ways to address the red lines. Siddharth Upasani is a Deputy Associate Editor with The Indian Express. He reports primarily on data and the economy, looking for trends and changes in the former which paint a picture of the latter. Before The Indian Express, he worked at Moneycontrol and financial newswire Informist (previously called Cogencis). Outside of work, sports, fantasy football, and graphic novels keep him busy. ... Read More


Time of India
an hour ago
- Time of India
India's coffee export growth: Shipments up 125% to $1.8 billion in 11 years; Europe remains top buyer
I ndia's coffee exports have surged by 125 per cent over the past 11 years, touching $1.8 billion in 2023–24, up from $800 million in 2014–15, according to central government data. The rise in exports has been attributed to a series of policy measures implemented by the Coffee Board of India, including digitalisation of permits, export incentives, and support for value addition in processing. As per the data, exports stood at $1.28 billion in 2023–24, compared to $1.14 billion in 2022–23. Europe continues to be the top destination for Indian coffee, with key markets including Italy, Germany, Belgium, Middle East nations, South Korea and Japan, PTI reported. To bolster exports, the Coffee Board has taken steps such as digital issuance of RCMC, export permits and certificates of origin, regular engagement with exporters to address bottlenecks, and providing global market intelligence. Additionally, the government has introduced transit and freight assistance, offering Rs 3 per kg for value-added exports and Rs 2 per kg for high-value green coffee shipments to far-off markets such as the US, Canada, Japan, and Nordic countries. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo To further aid domestic processors and entrepreneurs, the Board offers 40% subsidy on machinery costs, capped at Rs 15 lakh, for roasting, grinding and packaging units. 'These measures are helping us reach newer markets,' said Divya Shree G S, founder of Vidi's Coffee. Coffee Board CEO and Secretary M Kurma Rao noted that India's coffee is largely shade-grown under native canopy trees, promoting biodiversity, soil and water conservation, and offering sustainable income to small and marginal growers. Veteran Coorg-based grower Bose Mandana added that shade-grown practices also align with EU deforestation regulations, strengthening India's export readiness. Highlighting global opportunities, South India Coffee Company (SICC) founders Akshay Dashrath and Komal Sable said their firm is helping Indian producers and roasters expand abroad. 'There is huge potential for specialty coffee exports from India,' Komal said. India, the seventh-largest coffee producer globally with a 3.5% share, ranks fifth in exports with a 5% global share. The country produces about 3.6 lakh tonnes of coffee annually, with Karnataka, Kerala and Tamil Nadu being top growers. The sector directly and indirectly supports around 2 million people. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now