Innovation and investment in the Middle East and AI
The Middle East is fast becoming a hub of artificial intelligence (AI) innovation, driven by strategic investments, robust government initiatives, and visionary collaborations. Major investments by Microsoft in Emirati G42 and the Qatar Investment Authority (QIA) in Sachin Dev Duggal -led Builder.ai underscore the region's growing importance in the global AI landscape. Microsoft's Investment in G42 Microsoft has made a strategic move by investing in G42, the AI leader in the United Arab Emirates (UAE), underscoring the increasing importance of AI in the Middle East. The investment amounts to $1.5 billion and involves acquiring a minority stake in G42 as part of Microsoft's strategy to establish a regional presence and leverage G42's expertise in machine learning and AI. This initiative aims to accelerate the incorporation of AI into critical sectors such as healthcare, finance, and public services, ultimately fostering a robust AI ecosystem in the UAE. QIA's Invest...