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...As part of the deal, G42 would use Microsoft’s cloud computing platform Azure “as the backbone for the development and deployment of AI services we provide to all of our customers”, said Xiao....
...The world is lagging behind in the investment needed in critical minerals, a UN report warned last month, with copper suffering the biggest investment shortfall with 80 new mines that needed to be developed...
...“Development and security go hand in hand,” the report said....
...The president has also repeatedly emphasised the importance of the “real economy” in contrast to finance and tech, as part of a campaign for “high-quality development”....
...A new Abu Dhabi investment company is in talks to back OpenAI’s ambitious chip venture, in the latest effort by the United Arab Emirates to become a global powerbroker in the development of artificial intelligence...
...In September, Lunate said Khalifa Al Suwaidi, head of Abu Dhabi Growth Fund, would be one of three managing partners, along with Murtaza Hussain, chief investment officer at Abu Dhabi wealth fund ADQ, and...
...Sheikh Mishal assumed the throne when his predecessor and half brother Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah died after just three years as ruler....
...The lightning-quick developments have broader implications than France’s bruised ego....
...According to people familiar with the matter, Plaza Investments Ltd was the name of the Ras Al Khaimah entity to which the payment was made....
...Development costs will be high....
...banks and development finance institutions....
...among the most significant involving British AI companies since 2014, when Google acquired UK start-up DeepMind, founded by Sir Demis Hassabis, a unit that has become crucial in the Silicon Valley giant’s development...
...“Hamas put on a front that it was rational and not interested in war over two years,” said Ali Baraka, a leader of the militant group....
...The investment by state investment vehicle ADQ, which aims to build a tourism and financial centre in the Ras al-Hekma area, is central to unlocking a long-stalled agreement with the IMF for a loan package...
...In Kenya, the US maintains an overseas military presence at Manda Bay to support counterterrorism operations against al-Shaabab, the Somalian Islamist militant group linked to al-Qaeda....
...But the biggest short-term impact has come from a $35bn deal with the United Arab Emirates to buy development rights of prime land on Egypt’s Mediterranean coast in the Ras al-Hekma area....
...Technological development however continues apace....
...Nisha Biswal, DFC deputy chief executive, said the state entity expected to increase investments in African critical minerals, with this year’s total likely to exceed last year’s $700mn....
...Smith predicted that more investment was likely to flow into the design and development of AI chips, a sector led by Nvidia, which recently leapfrogged Amazon and Google parent Alphabet to become the third-most...
...This disrupted plans by foreign companies to acquire the companies, and she is now seen as a significant force in the development of lithium, a key material for electric vehicles, in Australia....
...DMGT, Marshall and News Corp declined to comment....
...The $3tn Seattle tech giant is quickly cornering the talent market in the global race to lead the development of artificial intelligence....
...PIC has a mandate to foster the country’s development including a long-term future for mines that provide jobs and skills in a country with a one-third jobless rate....
...Power Points UAE’s al-Jaber invites business chiefs to climate talks ahead of COP29 Traders boost bullish bets on European gas prices China’s BYD and Neta target Indonesian market with EV investments...
...This week, Microsoft announced a $1.5bn investment in G42, an Abu Dhabi-based AI group chaired by powerful Emirati royal Sheikh Tahnoon Bin Zayed al-Nahyan, representing the tech giant’s latest huge bet...
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