The project, announced on the sidelines of the AI Impact Summit taking place in New Delhi, will be delivered in collaboration with U.S. AI company Cerebras Systems
Yet in AI, the UAE leads, accounting for 60% of regional AI funding, according to research from Magnitt
For IHC, a $238 billion colossus with a portfolio of 1,400 subsidiaries spanning finance, real estate, tech, energy, logistics and healthcare, the payoff is indirect
The fund expects to reach $100 billion in assets under management and help the UAE convert its oil wealth into global technological influence
The turnaround has been fueled in part by $35 billion in Abu Dhabi sovereign fund investment that helped ease Egypt’s foreign-currency crunch
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