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Gulf AI bets near payoff

A wave of US tech IPOs could deliver major windfalls for Gulf sovereign wealth funds.

This photograph shows a smartphone displaying the logo of the US artificial intelligence safety and research company Anthropic, in Mulhouse on April 21, 2026. — SEBASTIEN BOZON / AFP via Getty Images

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The US-Israel-Iran war has dealt blows to the Middle East’s tech and artificial intelligence ambitions — but Gulf players could soon reap major rewards from tech investments anyway, as Silicon Valley giants prepare to go public in 2026. We explore that and more in this edition.

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