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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.

Al-Monitor Staff
Al-Monitor Staff
Aug 19, 2022
Abu Dhabi
AA general view of the city skyline from Dhow Harbour on February 5, 2015 in Abu Dhabi, United Arab Emirates. Abu Dhabi is the capital of the United Arab Emirates and the second most populous city after Dubai with a population of around two million people. — Dan Kitwood/Getty Images

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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