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…
Alpha Dhabi Holding, a subsidiary of the Abu Dhabi-listed International Holding Company, has committed $1 billion for investments in artificial intelligence companies globally. The investment will be made through Alpha Wave Global-managed fund Alpha Wave III, with the capital to be deployed over time based on capital calls and the fund's investment program.
Alpha Dhabi aims to broaden its access to AI and innovation-led opportunities with this commitment, aligning with its growth strategy and long-term value creation focus. This follows a 2022 $2.5 billion investment in Alpha Wave Ventures II, making Alpha Dhabi's total AI investment $3.5 billion. The latest commitment builds on Alpha Dhabi's existing investments in high-growth sectors, including AI and technology, real estate, industry, construction, healthcare, energy, and hospitality.
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