Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape. The fund is part of a trend of Middle Eastern countries scrambling to position themselves as leaders in the global AI race. The vast investments underscore AI’s potential to reshape industries
Despite misfires during previous infrastructure endeavours in Africa, the Middle East and Central Asia, China is now making substantial green energy investments in those regions – and finding eager takers. Companies are making strides in power generation and crafting solar energy equipment with support from a range of host countries, including Egypt, Mauritius, Qatar and
illustration by angelica alzona for forbes; graphic by Natalja Cernecka/getty images As the U.S. restricts chip sales to the region over China concerns, California-based Blaize is planning to go public via a SPAC backed by Middle Eastern investors. By David Jeans, Forbes Staff For more than a decade, a California-based semiconductor company launched by Intel
Trade between India and the UAE surged to US$85 billion last year, and both countries are exploring interoperability between their central bank digital currency (CBDCs) projects. India topped Chainalysis Global Crypto Adoption Index in 2023, and is now the world’s second-largest cryptocurrency market by transaction volume. But the local industry, that has been drying up