Qatar increases the momentum of artificial intelligence in the wave by awarding incentives of $ 2.5 billion

Qatar has allocated approximately $ 9 billion Riyale ($ 2.5 billion) to achieve its digital transformation program by increasing its investment in technology, innovation and artificial intelligence, according to what Sheikh Mohammed bin Abdul Rahman Al Thani, Prime Minister and Foreign Minister, announced during the Qatar Economic forum, which started today. This comes after the Qatari Sovereign Fund announced its intention to participate in a French fund for the semi conductors. Qatar will join its neighbors in the Gulf, as Saudi Arabia intends to introduce a fund worth about $ 40 billion to invest in artificial intelligence during the second half of this year, according to the New York Times reporting last March. The company “G42” is in charge of the UAE’s efforts in the field of artificial intelligence, and a subsidiary company has issued an updated copy of the “Falcon” model for artificial intelligence, confirming a senior official that it is better than competitors. Abu Dhabi also establishes a technological investment business aimed at investing in the field of artificial intelligence and semi -conductors, which within a few years could exceed the value of assets under the $ 100 billion administration, according to what Bloomberg reported earlier this year. The Qatari Prime Minister today announced the launch of his country as a project for artificial intelligence “Al -fanar”, which collects high -quality data and says that it will improve different language programs and enrich the Arab language. Two years ago, Saudi Arabia launched a similar system with the Saudi AI (Sky), fully owned by the Public Investment Fund, whose company was launched in 2022 and plans to invest more than $ 20 billion to establish $ 400 starters in the artificial intelligence sector. Investing in chips and the Qatar investment, which is the VA industry of the state, is also to invest in the Chip industry is also investing in the chip industry is also to invest artificial intelligence programs. It seeks to participate as a large investor in the Ardian fund for the semi -conductors, a fund created by the French special parks business “Ardian” to invest in the electronic disc industry in Europe. The Qatari Sovereign Fund said that this step reflects its “belief in the penetration of semiconductor in the global economy, and its impact on digital and green transformations on various major sectors such as artificial intelligence, transport and consumer technology,” but it did not reveal the conditions of the agreement. The agency is also working to increase its investments in the technological sector, and to lead the financing rounds conducted by the sector companies in the light of the Golf State’s attempt to diversify its economy. The fund has already invested in the company “Kokusai Electric”, a semiconductor manufacturing business, and it also gained a minority interest in that business last year.