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Abu Dhabi backs SEA AI fund; Accenture opens tourism innovation lab

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Middle East AI News

February 20 · Issue #3 · View online

Middle East AI News is a weekly news digest covering artificial intelligence news from across the region.


Good morning,
Welcome to this week’s edition of Middle East AI News!
An as yet undisclosed government entity in Abu Dhabi has invested in a $300 million India-focused AI fund established by Falcon Edge Capital. Although details are sketchy, it appears that the Abu Dhabi investment in the Alpha Wave Incubation (AWI) fund is contingent on each startup in the portfolio having a presence in the emirate.
Meanwhile, a global investor group that includes Riyad TAQNIA Fund – RTF and Bahrain-based MEC Ventures have invested in Indonesian real-time mobile data and AI firm Eureka.
This news and a little more below. Have a great weekend!
/Carrington

Funds
Abu Dhabi backs Falcon Edge's new $300 million India-focused fund
AI firm Eureka raises $20m led by Apis, Gobi, Riyadh TAQNIA and MEC Ventures
R&D
Abu Dhabi’s three-year $13.5b stimulus fund spurs tech and innovation
Al Ain City Municipality and Saal collaborate to leverage AI and data analysis
Education
Huawei and KCST sign MoU to establish an ICT academy
Corporate News
Builder.ai fuels opens new Dubai office
Accenture opens its first Innovation Hub in the Middle East for Dubai Tourism
Events Calendar
2 Mar - AI in Finance MENA Summit - by CFTE - #AbuDhabi
11-12 Mar - AI Everything Summit - #Dubai
30-31 Mar - Global AI Summit - #Riyadh
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