In a breathtaking turn of events, the Gulf states are taking the heart of the technology world by storm. With dizzying sums from their bulging sovereign wealth funds, they are catapulting themselves to the forefront of the AI revolution and making even tech giants like Microsoft green with envy. how oil-rich Gulf states are pumping billions into future technologies and competing with tech giants. The gold rush of the 21st century Forget oil - the new black gold is called artificial intelligence. Saudi Arabia, the United Arab Emirates, Kuwait and Qatar have recognized this and are putting everything on one card. Last year, their investments in AI companies literally exploded, increasing fivefold. The newly founded AI fund MGX from the Emirates is now even getting involved in the shooting star OpenAI. With a colossal valuation of 150 billion dollars, OpenAI is becoming the object of desire for investors from the desert. David against Goliath? No way! W...
