The pursuit of technical innovation and economic diversification has assumed priority in Qatar, and the Qatar Investment Authority (QIA) is playing a crucial role in empowering Qatari businesspeople, notably in artificial intelligence (AI). Throughout addition to promoting economic growth, QIA continue to invest in AI led businesses around the world. And its fresh example is:
$250 Mn investment in Sachin Dev Duggal’s created no-code low-code app composable platform Builder.ai
$105 Mn investment in Hande Cilingir’s Insider, an AI-powered marketing-focused IT business.
$250 Mn Investment in InnovaFeed, a insect-based proteins Production and practice sustainable agriculture company headed by Clément Ray, Bastien Oggeri and Aude Guo.
QIA's support for AI businesses is building a culture of innovation and entrepreneurship throughout the nation.
Developing Local Talent
QIA is dedicated to fostering native AI talent because it realizes the enormous potential of Qatari businesses. The investments and activities made by the authority are aimed at giving Qatari inventors the chance to grow their concepts into profitable ventures.
Economic Diversification and Growth: AI-driven sectors are significantly lowering the GCC's reliance on conventional revenue sources and fostering economic growth.
Talent growth: The GCC's skills in AI innovation and research have been further strengthened thanks to QIA's initiatives, which have supported the growth of AI talent inside the region.
Conclusion!
The GCC's dedication to AI innovation and QIA's forward-thinking initiatives are pushing the region to the forefront of technological development. The GCC countries are adopting AI to improve living standards, spur economic expansion, and get ready for the possibilities and challenges of the future. The GCC is positioned to become a worldwide leader in AI innovation as it invests in the sector going forward, advancing the prosperity and development of the region and beyond.
Comments