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Presight, Shorooq launch USD 100 mn global AI fund
The fund will target AI, machine learning, and data analytics startups across multiple sectors
THIS MORNING: Dubai’s bubble risk rises amid looming supply glut, less affordable prices + BYD to roll out hundreds of fast chargers in the UAE
Plus: UAE is one of the world’s top five destinations for crypto investors, according to Henley & Partners
TII, Nvidia to launch AI + robotics lab in UAE
The initiative is part of the UAE’s broader USD multi-bn investment plan to become a global AI hub
HSBC opens its first Mena wealth center in Dubai
Plus: Emicool enters Abu Dhabi
MGX joins Silver Lake in Altera buyout
Intel agreed in April to sell 51% of Altera to Silver Lake in a transaction valuing the unit at USD…
Revolut plans to roll out its services in the UAE
PLUS- Saudi HSBC’s equity capital markets head could be coming to Dubai
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