Good morning,Welcome to this week's edition of Middle East AI News!An as yet undisclosed government entity in Abu Dhabi has invested in a $300 million India-focused AI fund established by Falcon Edge Capital. Although details are sketchy, it appears that the Abu Dhabi investment in the Alpha Wave Incubation (AWI) fund is contingent on each startup in the portfolio having a presence in the emirate.Meanwhile, a global investor group that includes Riyad TAQNIA Fund – RTF and Bahrain-based MEC Ventures have invested in Indonesian real-time mobile data and AI firm Eureka.This news and a little more below. Have a great weekend!/Carrington
Share this post
Abu Dhabi backs SEA AI fund; Accenture opens…
Share this post
Good morning,Welcome to this week's edition of Middle East AI News!An as yet undisclosed government entity in Abu Dhabi has invested in a $300 million India-focused AI fund established by Falcon Edge Capital. Although details are sketchy, it appears that the Abu Dhabi investment in the Alpha Wave Incubation (AWI) fund is contingent on each startup in the portfolio having a presence in the emirate.Meanwhile, a global investor group that includes Riyad TAQNIA Fund – RTF and Bahrain-based MEC Ventures have invested in Indonesian real-time mobile data and AI firm Eureka.This news and a little more below. Have a great weekend!/Carrington