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Silver Lake invests $800m in Group 42; Cruise to supply Dubai robotaxis


Middle East AI News

April 15 · Issue #62 · View online

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

Good morning,
Here’s this week’s roundup of Middle East AI News!
Well, the big news of the week broke yesterday, with Abu Dhabi-based AI and cloud computing company Group 42 announcing a ‘substantial’ investment from Menlo Park global technology investment firm Silver Lake. The Wall Street Journal disclosed that the investment was about $800 million, entitling Silver Lake to a minority stake in the group, according to unnamed sources.
Last year, sovereign investor Mubadala transferred ownership of Injazat and Khazna Data Centers (Khazna) to Group 42 in return for an equity stake. The deal boosted the group’s headcount by more than 1,000 people. Outside the UAE, Group 42 has offices in Beijing, China and Tel Aviv, Israel.
Scroll down for more on links on this, plus Dubai’s robotaxi plans, smart city news and the video link for the  ‘Next Frontier: Space Technologies’ session of the World Economic Forum’s Global Technology Governance Summit 2021, held last week.
Stay safe and have a great weekend!

Venture Capital
Silver Lake invests about $800 million for minority stake in Abu Dhabi’s G42 Silver Lake invests about $800 million for minority stake in Abu Dhabi’s G42
Autonomous Vehicles
GM-backed Cruise goes international with autonomous shuttles in Dubai
Huawei bullish about market for 5G-enabled self-driving cars in Middle East
Abu Dhabi University students win the third edition of EGA Industrial Robotics Competition
Futuristic idea from Bahrain school student
Smart Cities
Batic expands stake in Saudi smart cities firm
Zain partners with PASS to offer safe cities solutions to 'Shamiya and Shuwaikh'
AI Chatbots
Vodafone introduces AI-powered chatbot Labeeb
Video: The Next Frontier: Space Technologies Video: The Next Frontier: Space Technologies
UAE is partnering with Japanese company ispace to launch a moon rover in 2022
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