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Alpha Dhabi commits $1bn for global AI investments

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The National
“Alpha Dhabi commits $1bn for global AI investments”

Alpha Dhabi Holding , a subsidiary of the Abu Dhabi-listed International Holding Company, has signed an agreement to commit $1 billion for investments in artificial intelligence companies around the globe. Investment Holding Company is to invest through the Alpha Wave Global-managed fund Alpha Wave III, which also seeks to target high-growth companies, it said in a statement on Monday. Alpha Dhabi will deploy the committed capital over time, in line with “capital calls and the fund’s investment…

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