ExchangeDEX+
Buy CryptoMarketsSpotFutures500XEarnEvents
More
ETHFI Euphoria
Qatar has launched a new company to develop and invest in artificial intelligence (AI), joining other Gulf nations investing heavily in the technology. Qai, the new AI-focussed entity, will operate as a subsidiary of the Qatar Investment Authority (QIA), the state-owned Qatar News Agency reported. Qai will develop, manage, and invest in advanced AI infrastructures both […]Qatar has launched a new company to develop and invest in artificial intelligence (AI), joining other Gulf nations investing heavily in the technology. Qai, the new AI-focussed entity, will operate as a subsidiary of the Qatar Investment Authority (QIA), the state-owned Qatar News Agency reported. Qai will develop, manage, and invest in advanced AI infrastructures both […]

Qatar joins other Gulf nations to advance AI

Author: AgbiSource: Agbi
2025/12/09 13:18
Sleepless AI
AI$0.03561-3.83%
QuantixAI
QAI$85.18-2.27%

Qatar has launched a new company to develop and invest in artificial intelligence (AI), joining other Gulf nations investing heavily in the technology.

Qai, the new AI-focussed entity, will operate as a subsidiary of the Qatar Investment Authority (QIA), the state-owned Qatar News Agency reported.

Qai will develop, manage, and invest in advanced AI infrastructures both within Qatar and internationally, the statement added.

No financial details were disclosed.

Qai chairman Abdullah bin Hamad Al Misnad said the launch of Qai marks a significant step in Qatar’s drive to position itself as a competitive hub for AI and data-driven industries.

In September, QIA took part in the US quantum computing startup PsiQuantum’s $1 billion funding round.

The Gulf nation has been investing in global tech companies, including Elon Musk’s xAI, to diversify its economy and build expertise in fields such as artificial intelligence, quantum computing and renewable energy.

The UAE and Saudi Arabia have already committed billions of dollars to global AI initiatives and have established national AI companies, such as G42 in Abu Dhabi and Humain in Riyadh.

Market Opportunity
Sleepless AI Logo
Sleepless AI Price(AI)
$0.0356
$0.0356$0.0356
-3.18%
USD
Sleepless AI (AI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trump to Announce Fed Chair Soon: "Someone Who Believes in Lower Interest Rates by a Lot"

Trump to Announce Fed Chair Soon: "Someone Who Believes in Lower Interest Rates by a Lot"

US President Donald Trump has revealed plans to soon name the next Federal Reserve chairman, emphasizing a candidate who "believes in lower interest rates by a lot." This statement signals a potential shift toward more accommodative monetary policy, which could have significant implications for financial markets, including cryptocurrencies.
Share
MEXC NEWS2025/12/18 17:43
XRP Price Falls Below $2, Deepening Investor Concerns

XRP Price Falls Below $2, Deepening Investor Concerns

XRP closed below $2, raising concerns about a deeper pullback. Technical indicators and moving averages support a bearish outlook for XRP. Continue Reading:XRP
Share
Coinstats2025/12/18 16:10
BlackRock Increases U.S. Stock Exposure Amid AI Surge

BlackRock Increases U.S. Stock Exposure Amid AI Surge

The post BlackRock Increases U.S. Stock Exposure Amid AI Surge appeared on BitcoinEthereumNews.com. Key Points: BlackRock significantly increased U.S. stock exposure. AI sector driven gains boost S&P 500 to historic highs. Shift may set a precedent for other major asset managers. BlackRock, the largest asset manager, significantly increased U.S. stock and AI sector exposure, adjusting its $185 billion investment portfolios, according to a recent investment outlook report.. This strategic shift signals strong confidence in U.S. market growth, driven by AI and anticipated Federal Reserve moves, influencing significant fund flows into BlackRock’s ETFs. The reallocation increases U.S. stocks by 2% while reducing holdings in international developed markets. BlackRock’s move reflects confidence in the U.S. stock market’s trajectory, driven by robust earnings and the anticipation of Federal Reserve rate cuts. As a result, billions of dollars have flowed into BlackRock’s ETFs following the portfolio adjustment. “Our increased allocation to U.S. stocks, particularly in the AI sector, is a testament to our confidence in the growth potential of these technologies.” — Larry Fink, CEO, BlackRock The financial markets have responded favorably to this adjustment. The S&P 500 Index recently reached a historic high this year, supported by AI-driven investment enthusiasm. BlackRock’s decision aligns with widespread market speculation on the Federal Reserve’s next moves, further amplifying investor interest and confidence. AI Surge Propels S&P 500 to Historic Highs At no other time in history has the S&P 500 seen such dramatic gains driven by a single sector as the recent surge spurred by AI investments in 2023. Experts suggest that the strategic increase in U.S. stock exposure by BlackRock may set a precedent for other major asset managers. Historically, shifts of this magnitude have influenced broader market behaviors as others follow suit. Market analysts point to the favorable economic environment and technological advancements that are propelling the AI sector’s momentum. The continued growth of AI technologies is…
Share
BitcoinEthereumNews2025/09/18 02:49