The "Bressate" and "Sunrise" fund aims to overcome 3 gaps in the field of artificial intelligence

A joint fund is targeted by the company “Brissit”, listed in the Abu Dhabi Securities market, and the company “Shorouk” Dam 3 gaps suffer from skills in the field of artificial intelligence. Adi said that “the success of artificial intelligence as a system requires the availability of its various sectors, and the role of the fund in this system is to attract talents to finance their projects and support them.” “Prizet” and “Shorouk” announced the introduction of a joint subject for innovation in artificial intelligence under the name “Prizet-Souk 1” with a value of $ 100 million aimed at investing in the next generation of artificial intelligence innovations. The fund combines the “Bressate” experience in artificial intelligence and the ‘Shorouk’ investment recorded to link global entrepreneurs to UAE infrastructure, its networks and markets, with the aim of consolidating the position of Abu Dhabi as a global center for expansion for artificial intelligence. Focus on 4 sectors The fund focuses on 4 sectors: financial technology and related infrastructure, database and graphic analyzes, the health sector and the education sector, according to Adi. The UAE is progressing rapidly to tackling the current revival of artificial intelligence, through roads that go beyond the development of models. In this context, MGX is considering $ 25 billion financing to create a dedicated artificial intelligence infrastructure fund, with support from Mubadala Investment and G42. The UAE also intends to build an advanced computer structure within the “Stargate Emirates” project in partnership with “Opin AI”, while the most important company for renewable energy in Abu Dhabi has changed a source of “billions of dollars” of investments assigned to green hydrogen to support the efforts of the Emirates. In turn, the company “G42” announced in June the launch of a new European unit, in a move that reflects the largest expansion that leads it to the emirates on the continent, in which the government promised to invest billions of dollars.