Core42, an Abu Dhabi-based company, has secured $550 million to expand its sovereign cloud and data center infrastructure. This significant investment is part of a broader effort by Abu Dhabi to rapidly build computing power and compete with major US tech companies in the AI race. AI
IMPACT Accelerates the build-out of AI-focused computing infrastructure in the Middle East.
RANK_REASON Significant funding round for an AI-related infrastructure company. [lever_c_demoted from significant: ic=1 ai=0.7]
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