While Silicon Valley buzzes about generative AI, the Middle East is putting its huge oil wealth behind the revolution. Cash-rich sovereign funds are plowing billions into leading AI startups, solidifying their bets on this game-changing technology.
Investment into AI companies by government-backed Middle Eastern funds has exploded 5x in just the past year alone. The trend is only getting started.
The UAE's MGX fund was recently trying to get a piece of OpenAI's massive $150 billion fundraise. Saudi Arabia's $925 billion Public Investment Fund is firing off billion-dollar checks at will. With resources this vast, they can invest at scale unimaginable for traditional venture firms.
From Abu Dhabi's $302 billion Mubadala to Qatar's $475 billion fund, the Middle East is determined to own equity in the companies defining the future of artificial intelligence. As economies diversify from oil dependence, controlling transformative AI has become a key priority.
The global AI gold rush will only intensify from here. For investors, it may be time to stake a claim in this unstoppable megatrend before valuations for leading AI players become too stratospheric. The smart money is making its move.
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