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UAE's Red Rock Technology invests $10M in AI 'Brain' for global food security - Gulf News

Gulf News · Mar 18

UAE-based Red Rock Technology is investing $10 million to develop an AI system aimed at enhancing global food security. The 'Brain' AI will analyze data from various sources, including satellites, sensors, and market data, to provide insights into crop yields, weather patterns, and supply chain logistics. The system aims to optimize agricultural practices and resource allocation. Why it matters: The investment highlights the UAE's growing interest in leveraging AI to address critical global challenges and strengthen its position in the agritech sector.

UAE investment firm launches $100 million AI startup fund - CryptoRank

GCC AI Startup · Sep 23

Global Ventures, a UAE-based venture capital firm, has launched a $100 million fund dedicated to investing in early-stage AI startups. The fund, named GV AI, will target companies in the MENA region, North America, and Europe. It aims to support startups developing AI solutions across various sectors. Why it matters: The new fund signals increasing investor confidence and interest in AI innovation within the UAE and surrounding regions.