Emirati fund's $2bn pledge to Trump crypto firm preceded AI chip export reversal

An Emirati fund pledged $2 billion to Trump's World Liberty Financial, netting his company at least $187 million, per reporting cited by John Oliver on Last Week Tonight (Variety, 27 July 2026). Two weeks later, Trump announced the UAE could buy hundreds of thousands of advanced Nvidia AI chips — reversing Biden-era export restrictions imposed over security concerns.