According to local UAE media Aletihead, earlier this year, the UAE establishedAIand the Advanced Technology Committee, which announced on Monday (today) local time the establishment of a technology investment company to promote the development and application of cutting-edge technologies.
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It is reported that the company's philosophy is to improve the lives of the present and next generation.Investments will accelerate the development and application of artificial intelligence and advanced technologies by establishing world-leading partnerships in the UAE and globally.
The company's investment strategy focuses on three main areas, which are summarized as follows:
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AI infrastructure, including data centers, connections, etc.
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The semiconductor industry includes the design and manufacture of logic and memory chips.
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Core technologies and applications of artificial intelligence,Including AI models, software, data, life sciences and robotics.
The company willAbu DhabiBuilding on existing investments in these areas, we will deploy capital with leading international technology and investment companies.The company aims to manage more than $100 billion in assets within a few years..
Additionally, the company's cornerstone partners will include Mubadala and G42.
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Mubadala is an important transformational investor in AMD and founded GlobalFoundries, a top global semiconductor manufacturing company, in 2009.
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G42 is a global leader in artificial intelligence technology, with operations in cloud computing, advanced data centers and professional artificial intelligence applications, ranging from financial services to smart cities.