Kuwait City: Kuwait Investment Authority joined AI Infrastructure Partnership (AIP) with UAE firm MGX in a strategic move to expand global collaboration and accelerate digital transformation.
According to Kuwait News Agency, the partnership reflects a growing international commitment to investing in advanced infrastructure essential for sustainable AI development, Kuwait Investment Authority said in a statement to KUNA on Tuesday.
This move underscores a rising international commitment to fund cutting-edge systems that power future AI applications and highlights the pivotal role of leading regional and global investors in driving innovation, it added.
MGX, a UAE-based tech investment company founded in 2024, focuses on AI and related advanced technologies.