Qatar launches national AI firm, joining GCC peers
Qatar has launched a national artificial intelligence (AI) company, joining its Gulf neighbours – Saudi Arabia and the UAE – in investing funds towards the technology.
The new firm, called Qai, will operate as a subsidiary of the country’s $557 billion sovereign wealth fund, Qatar Investment Authority (QIA). Qai will develop, operate and invest in AI infrastructure and systems locally and globally, according to a statement issued by the Qatari government.
The new entity will build partnerships with international research institutions, technology companies and strategic investors to strengthen the innovation ecosystem as well as provide access to a connected suite of tools to deploy scalable AI systems.
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