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Qatar’s sovereign wealth fund is accelerating its artificial intelligence investments following successful bets on Anthropic and xAI. The Qatar Investment Authority plans to back more AI startups as Gulf nations compete for dominance in the emerging technology sector. This strategic shift positions Qatar alongside major tech investors like Amazon and Goldman Sachs.
- QIA participated in Anthropic's $13 billion funding round that valued the company at $183 billion
- Middle Eastern sovereign wealth funds are increasingly competing with traditional VC firms for AI investments
- The move positions Qatar against other Gulf nations in the race for artificial intelligence dominance
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