Middle East Sovereigns Wealth Funds Boost AI Bets, Eye Partnerships with OpenAI, Microsoft, and BlackRock

  • 9 hours ago
Middle Eastern sovereign wealth funds are increasing investments in Silicon Valley's AI sector. Nations like Saudi Arabia, UAE, and Qatar use tech investments to diversify their economies, with AI funding up fivefold in the past year. UAE’s MGX fund is participating in OpenAI's latest fundraising round and has partnered with BlackRock and Microsoft to support AI infrastructure. Saudi Arabia's PIF collaborates with Andreessen Horowitz on a major AI partnership. The Gulf Cooperation Council’s total wealth is set to rise by $800 billion by 2026.

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