The probe examines a pre-inauguration deal and subsequent US approval of Nvidia AI chip exports to UAE-related entities.
US lawmakers have opened an investigation into a $500 million investment from United Arab Emirates-linked sources into WLFI, a cryptocurrency firm associated with Donald Trump. The deal was signed just days before Trump’s inauguration. The inquiry also seeks to understand the circumstances surrounding later US government approval for Nvidia’s export of AI chips to entities connected to the UAE.