Thursday, August 18, 2022

Abu Dhabi-based AI company G42 and the Abu Dhabi Growth Fund announce a $10B fund to invest in late-stage tech companies in emerging markets (Adveith Nair/Bloomberg)

Adveith Nair / Bloomberg:
Abu Dhabi-based AI company G42 and the Abu Dhabi Growth Fund announce a $10B fund to invest in late-stage tech companies in emerging markets  —  Sign up for our Middle East newsletter and follow us @middleeast for news on the region.  —  Abu Dhabi-based artificial intelligence firm G42 …



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...