Middle Eastern funds are plowing billions of dollars into hottest AI start-ups

Middle Eastern funds are plowing billions of dollars into hottest AI start-ups

Oil-rich nations are turning from oil to artificial intelligence to diversify their economies.

Middle Eastern funds plowing billions into the hottest AI start-ups

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley’s artificial intelligence darlings. Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to tech investments as a hedge. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook. MGX, a new AI fund o…

Middle Eastern funds plowing billions into the hottest AI start-ups #Entrepreneurs #BusinessCapital #SmallBusinessOwner #StartupFundingNews

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley’s artificial intelligence darlings. Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to tech investments as a hedge. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook. MGX, a new AI fund o…

Middle East: Pouring billions into the hottest AI start-ups - News Bulletin 247

In the past year, funding of AI companies from Middle Eastern countries has increased fivefold Middle Eastern sovereign wealth funds are emerging as key financiers of artificial intelligence advocates in Silicon Valley. Oil-rich nations such as Saudi Arabia, the United Arab Emirates, Kuwait and Qatar are trying to diversify their economies and are turning to technology investment as an alternative. In the past year, funding of AI companies from …

Middle Eastern funds plowing billions into the hottest AI start

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley’s artificial intelligence darlings. Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to tech investments as a hedge. In the past year, funding for AI companies by Middle-Eastern sovereigns has increased fivefold, according to data from Pitchbook. MGX, a new AI fund o…