Rimah Harb’s Post

In a generally restrained global venture capital market, interest in AI has been a key trend in China this year, according to KPMG’s latest Venture Pulse report. Although a number of sectors continued to attract large deals, AI remained a key area of investment with core AI developers continuing to attract the largest funding rounds. https://lnkd.in/gPf76WRH #ArtificialIntelligence #VentureCapital #Investment 

An astute move in the tech landscape - Khaldoon Khalifa Al Mubarak, Chief Executive Officer and Managing Director at Mubadala, unveils plans to 𝗶𝗻𝘃𝗲𝘀𝘁 𝘀𝘂𝗯𝘀𝘁𝗮𝗻𝘁𝗶𝗮𝗹 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗶𝗻𝘁𝗼 𝗔𝗜 𝗮𝗻𝗱 𝘀𝗽𝗮𝗰𝗲 𝘁𝗲𝗰𝗵. It reflects the evolving role of sovereign funds from asset investors to global progress enablers and showcases commitment to increased US investments adding a strategic layer to the initiative. In an era where innovation propels global advancement, Mubadala's targeted investments in AI signify a timely and judicious utilisation of resources. The tech realm beckons, and strategic ventures like these underscore the importance of seizing the moment. https://buff.ly/3TiD7JZ #mubadala #AIInvestments #SpaceTech #sovereignwealthfunds #TechInnovation

The height of the pandemic saw sovereign investors plunge capital into e-commerce and logistics real estate, but today the biggest focus of their tech investments is #artificialintelligence and #machinelearning – and this month has seen a surge in activity among state-owned investors. The AI gold rush is prompting South Korea’s US$776 billion KOREA NATIONAL PENSION SERVICE and Saudi Arabia’s US$925 billion Public Investment Fund (PIF) to commit more resources to gain exposure to the fast-growing tech sector. NPS is planning a new office in San Francisco while PIF is set to launch a new US$40 billion fund - both initiatives driven by the desire to capitalize on the #AI boom. Global SWF looks deeper into their initiatives: https://lnkd.in/eF9pYeDZ

Saudi Arabia's $40B AI Investment Initiative Saudi Arabia plans to establish a $40 billion fund for AI investment, potentially becoming the largest AI investor globally. Partnering with Andreessen Horowitz, it aims to diversify its economy and strengthen its influence in tech. #SaudiArabia #AIInvestment #AndreessenHorowitz #EconomicDiversification #TechInvestment #GlobalInfluence

Middle East Sovereign Wealth Funds Bet Big on Silicon Valley's AI Future The landscape of Silicon Valley's artificial intelligence investments is shifting, with oil-rich Middle Eastern nations emerging as key backers. Saudi Arabia, United Arab Emirates, Kuwait, and Qatar are diversifying their economies and investing heavily in tech, with funding for AI companies increasing fivefold in the past year. The Saudi Public Investment Fund, Mubadala, Abu Dhabi Investment Authority, and Qatar Investment Authority are writing multibillion-dollar checks, outpacing traditional venture funds. Their investments span companies like OpenAI, Uber, and Anthropic. But what does this mean for the future of AI and Silicon Valley? Some worry about a SoftBank effect, where inflated valuations lead to market instability. Others see this as a strategic geopolitical move, with the US benefiting from these investments over global adversaries. #AI #SiliconValley #SovereignWealthFunds #MiddleEast

Middle Eastern funds are plowing billions of dollars into hottest AI start-ups… “The Saudi Public Investment Fund, or PIF, has topped $925 billion, and has been on an investing spree as part of Crown Prince Mohammed bin Salman’s “Vision 2030” initiative. The PIF has investments in companies including Uber, while also spending heavily on the LIV golf league and professional soccer. UAE’s Mubadala has $302 billion under management, and the Abu Dhabi Investment Authority has $1 trillion under management. Qatar Investment Authority has $475 billion, while Kuwait’s fund has topped $800 billion. Earlier this week, Abu Dhabi-based MGX joined a partnership on AI infrastructure with BlackRock, Microsoft and Global Infrastructure Partners, aiming to raise as much as $100 billion for data centers and other infrastructure investments.” https://lnkd.in/g9kkNf-D

#VC investment in Asia Pacific sees weak start to Q1 2024. #AI, #cleantech and #alternativeenergy continued to attract strong #VCfunding during the quarter. Click to read more in KPMG's Venture Pulse Q1 2024 report https://social.kpmg/tsymmb | #Q1VC

#VC investment in Asia Pacific sees weak start to Q1 2024. #AI, #cleantech and #alternativeenergy continued to attract strong #VCfunding during the quarter. Click to read more in KPMG's Venture Pulse Q1 2024 report https://social.kpmg/tsymmb | #Q1VC

Big shoutout to Steve Brotman, Managing Partner of Alpha Partners, for his insightful comments on Saudi Arabia's groundbreaking $40 billion AI investment!  Steve highlights the move's potential to spur regional tech innovation and attract world-class talent, marking a significant leap towards transforming the Middle East into a global AI powerhouse.   Read more about his thoughts in the latest PYMNTS feature! #AIInvestment #TechInnovation #MiddleEastTech https://lnkd.in/dSfUDtsX

Middle Eastern Sovereign Wealth Funds Shape the Future of AI Investment As the tech landscape evolves, oil-rich nations like Saudi Arabia, the UAE, Kuwait, and Qatar are stepping up as major players in Silicon Valley's AI scene. With their economies diversifying in the face of rising energy prices, these sovereign wealth funds are increasingly turning to tech investments as a strategic hedge. Recent data from PitchBook reveals that funding for AI companies from Middle Eastern sovereigns has skyrocketed fivefold in just a year! Notably, the UAE's new AI fund, MGX, is making waves with its ambition to invest in giants like OpenAI, which is poised for a $150 billion valuation. With colossal funds at their disposal—Saudi Arabia's Public Investment Fund (PIF) alone exceeds $925 billion—these nations are looking to establish a foothold in the burgeoning AI sector. Initiatives like Saudi Arabia’s Vision 2030 and partnerships with firms such as BlackRock and Andreessen Horowitz showcase their commitment to becoming key players in global technology. However, while the influx of capital brings opportunities, it also raises questions about ethical considerations, particularly around human rights. The geopolitical landscape is shifting, and the U.S. sees the investment of these funds in American companies as a priority, especially against the backdrop of global rivalries. For more information CNBC https://lnkd.in/dJNb-beE #AI #Investment #SovereignWealthFunds #MiddleEast #SiliconValley #TechInnovation #Geopolitics