Good morning,Here’s this week’s roundup of Middle East AI News!Well, the big news of the week broke yesterday, with Abu Dhabi-based AI and cloud computing company Group 42 announcing a 'substantial' investment from Menlo Park global technology investment firm Silver Lake. The Wall Street Journal disclosed that the investment was about $800 million, entitling Silver Lake to a minority stake in the group, according to unnamed sources.Last year, sovereign investor Mubadala transferred ownership of Injazat and Khazna Data Centers (Khazna) to Group 42 in return for an equity stake. The deal boosted the group's headcount by more than 1,000 people. Outside the UAE, Group 42 has offices in Beijing, China and Tel Aviv, Israel.Scroll down for more on links on this, plus Dubai's robotaxi plans, smart city news and the video link for the 'Next Frontier: Space Technologies' session of the World Economic Forum's Global Technology Governance Summit 2021, held last week.Stay safe and have a great weekend!/Carrington
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Silver Lake invests $800m in Group 42; Cruise…
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Good morning,Here’s this week’s roundup of Middle East AI News!Well, the big news of the week broke yesterday, with Abu Dhabi-based AI and cloud computing company Group 42 announcing a 'substantial' investment from Menlo Park global technology investment firm Silver Lake. The Wall Street Journal disclosed that the investment was about $800 million, entitling Silver Lake to a minority stake in the group, according to unnamed sources.Last year, sovereign investor Mubadala transferred ownership of Injazat and Khazna Data Centers (Khazna) to Group 42 in return for an equity stake. The deal boosted the group's headcount by more than 1,000 people. Outside the UAE, Group 42 has offices in Beijing, China and Tel Aviv, Israel.Scroll down for more on links on this, plus Dubai's robotaxi plans, smart city news and the video link for the 'Next Frontier: Space Technologies' session of the World Economic Forum's Global Technology Governance Summit 2021, held last week.Stay safe and have a great weekend!/Carrington