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Emirati AI firm G42 launches $10 billion investment fund

The UAE is seeking to become a leader in artificial intelligence, and has also successfully attracted some fintech firms.
Abu Dhabi

An artificial intelligence company in the United Arab Emirates announced Thursday a new investment fund. 

G42 launched its $10 billion G42 Expansion Fund with the Abu Dhabi Growth Fund. The fund will invest in “late-stage growth companies” in the following sectors, according to a press release:

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