Tag: Investment

Private sector AI investment poised to boost UAE GDP by Dh335b

Private sector investment in Artificial Intelligence (AI) is expected to boost the UAE’s economy, adding an extra Dh335 billion by 2031, according to industry...

Revival of GCC-UK FTA talks set to boost two-way trade, investment

The move by the new British government to reboot negotiations with the GCC countries to secure a free trade agreement (FTA) is expected to...

FTX Estate Sells Off Remaining Anthropic Holdings Amid Bankruptcy Proceedings

The FTX estate, led by CEO John Ray III, has divested its remaining shares in Anthropic, the AI startup known for its chatbot Claude,...

Block to Reinvest 10% of Profits into Bitcoin Each Month

Jack Dorsey-led Block announced plans to allocate 10% of profits from its Bitcoin products toward buying more of the cryptocurrency each month, its quarterly report published Thursday showed. Block...

UAE, Oman establish investment partnerships worth Dh129 billion

A UAE-Oman Business Forum on Monday saw the announcement of multiple agreements worth Dh129 billion. The agreements span renewable energy; green metals; railway connectivity; and...

UAE investments abroad are performing well despite global economic fluctuations: Secretary-General of UAEIIC

Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors Council (UAEIIC), stated that UAE investments abroad are performing well despite global economic...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...