The Gulf states are betting big on AI: who’s investing where?
Gulf states are making substantial investments in artificial intelligence, aiming to diversify their economies and secure a leading position in the global AI race. Sovereign wealth funds like Saudi Arabia's PIF and Abu Dhabi's Mubadala are backing major AI companies such as xAI, OpenAI, and Anthropic, with significant stakes in upcoming IPOs like SpaceX. Beyond company investments, these nations are also pouring billions into AI infrastructure, including large-scale data centers and compute clusters like the Stargate UAE project, to build a competitive edge. AI
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