Qatar Sets Up National AI Firm, Follows UAE and Saudi Arabia

Qatar is establishing a new company to develop and invest in artificial intelligence, joining Saudi Arabia and the United Arab Emirates in plowing national resources into the technology.

The new entity, called Qai, will be a subsidiary of the nation’s $524 billion sovereign wealth, the Qatar Investment Authority. Qai will invest in AI infrastructure in Qatar and globally, as well as provide “high-performance computing and a connected suite of tools,” according to a statement from Qai.