Top 35 Artificial Intelligence Startup Investors in the United Arab Emirates
A list of 35 angel investors and VC funds that invest in Artificial intelligence startups based in the United Arab Emirates. We rank investors based on the number of investments they made in Artificial intelligence companies from the United Arab Emirates. We update this investor list every month.
Link: https://shizune.co/investors/artificial-intelligence-investors-united-arab-emirates
Abu Dhabi sovereign fund to invest space tech, AI this year
ABU DHABI, Feb 28 (Reuters) – Abu Dhabi’s Mubadala Investment Co will deploy significant capital into artificial intelligence and space technology this year, its managing director said on Wednesday, committing the sovereign wealth fund to invest more in the United States. Khaldoon Mubarak told an investor conference in Abu Dhabi that sovereign wealth funds had an opportunity and responsibility to transform from asset investors to enablers of global progress.
With a $40B fund, Saudi Arabia looks to become the world leader in AI
Saudi Arabia is to create a $40 billion fund to invest in artificial intelligence (AI), according to a report published Tuesday, as the kingdom looks to become a global leader in the fast-emerging sector.
The fund would make the Gulf state the world’s largest investor in AI and help the kingdom realize
its Vision 2030 agenda is to diversify the economy away from oil.
Saudi Arabia’s Public Investment Fund (PIF), which has more than $900 billion in assets, in recent weeks has been discussing a potential partnership with Andreessen Horowitz, one of Silicon Valley’s leading venture capital firms, as well as other prospective financiers for the fund, The New York Times reported Tuesday, citing three people briefed on the plans.
Andreessen Horowitz regularly invests in AI, and the company’s co-founder, Ben Horowitz, is friends with PIF governor Yasir Al-Rumayyan, the sources told The New York Times. The pair have mooted the possibility of the Silicon Valley firm setting up an office in Riyadh, one source told the newspaper.
Link: https://www.al-monitor.com/originals/2024/04/40b-fund-saudi-arabia-looks-become-world-leader-ai
The UAE’s capacity to invest in artificial intelligence
The United Arab Emirates (UAE) has demonstrated a strong commitment to investing in artificial intelligence (AI) and emerging technologies. The UAE government has launched various initiatives to promote AI research, development, and adoption across different sectors of the economy. Here are some key points regarding the UAE’s capacity to invest in artificial intelligence:
National AI Strategy
In 2017, the UAE launched the “UAE Strategy for Artificial Intelligence,” to position the country as a global leader in AI by 2031. The strategy focuses on enhancing government performance, promoting the economy, and achieving the happiness of citizens through integrating AI technologies.
Government Initiatives
The UAE has established multiple initiatives to drive AI development. For instance, the “Ministry of State for Artificial Intelligence” was created to oversee the implementation of AI projects.
Link: https://geniusai.io/ai-in-business/invest-in-artificial-intelligence/
UAE’s CAI Concierge AI raises undisclosed investment round
CAI Concierge AI, a cutting-edge artificial intelligence system revolutionizing the way businesses manage tasks, appointments, and communication, has announced its entry into the Dubai market.
This expansion comes alongside the successful completion of an investment round led by Enlightened Minds and VC SILA.
This investment round underscores the growing recognition of CAI’s unparalleled capabilities in data analysis, personalized assistance, and seamless integration into existing systems. This strategic partnership will fuel CAI’s continued growth and innovation as it ventures into new markets and expands its global footprint.
Ruslan Sharov, Partner at VC SILA, commented, “We are excited to partner with CAI Concierge AI is on its journey to disrupt the business assistance landscape. CAI’s innovative approach and unwavering commitment to excellence align closely with our investment philosophy, and we look forward to supporting their continued success.”
Link: https://www.wamda.com/2024/02/uae-cai-concierge-ai-raises-undisclosed-investment-round
