UAE's Core42 Secures $550 Million as Gulf AI Investment Continues

The Abu Dhabi-based AI infrastructure firm raised $550 million, extending the Gulf states' pattern of massive AI investment bets.

Core42, the UAE-based AI infrastructure company, secured $550 million in funding as noted in @GlobalAIWatcher's daily roundup. The investment continues a multi-year pattern of Gulf states positioning themselves as AI compute and research hubs, with sovereign-backed entities building data center capacity and acquiring stakes in AI labs.

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