The company has a software development pact with G42, plans to explore research with the Mohamed bin Zayed University of Artificial Intelligence
The deal would value the entire ChatGPT maker at about $1.4 trillion, up from $852 billion when it raised $122 billion in a March funding round
The pullback follows delays at The Line, the suspension of Riyadh’s $50 billion Mukaab project, and cutting off government funding from LIV Golf
Altair-1 will be part of a constellation of 10 AI-powered satellites to create the UAE’s Earth observation network, processing data autonomously
Offices in Abu Dhabi and Riyadh follow the arrival of the sovereign wealth fund’s asset management arm, Seviora Group, in Abu Dhabi last year
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