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UAE Royals Back AI Startup Founded by Former Goldman Banker

  • The Applied AI Co. draws funding from G42, Dubai royals
  • Abu Dhabi is plowing oil revenue into the technology sector
G42’s autonomous taxi service TXAI.

G42’s autonomous taxi service TXAI.

Source: G42

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Members of Dubai and Abu Dhabi’s royal families are among investors backing a London-based artificial intelligence startup, according to people with knowledge of the matter, a rare haul in the midst of the current tech rout.