GCC AI Funding · · Significant research
UAE-based sovereign AI chip company Mastiska has raised a $10 million seed round. The funding will be used to develop sovereign AI chips tailored to the specific needs of the UAE and wider region. Mastiska aims to address concerns around data privacy and security by providing locally-controlled AI infrastructure. Why it matters: This investment signals the UAE's commitment to building its own AI capabilities and reducing reliance on foreign technology.
Mastiska · AI chip · sovereign AI · seed funding · UAE
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GCC AI Events ·
The UAE has announced the development of a new AI chip during a tech summit in Dubai. Details about the chip's specifications, capabilities, or intended applications were not disclosed in the provided article. Why it matters: This announcement signals the UAE's ambition to develop indigenous AI hardware capabilities, reducing reliance on foreign suppliers.