Tuesday, 02 January 2024 12:17 GMT

Qatar Seeks To Become AI Regional, International Hub: Head Of TMT At QIA


(MENAFN- The Peninsula) QNA

Doha: Head of Technology, Media, and Telecommunications (TMT) at Qatar Investment Authority (QIA) Mohammed Al Hardan emphasized Qatar's efforts to become a regional and international hub for artificial intelligence.

In the second side session of the Qatar Economic Forum 2025, under the title "AI Investment: Chasing Opportunity, Managing Risk," the Head of TMT at QIA highlighted the strides the country has made in this field by diversifying the sovereign fund's investment portfolio and attracting companies, investors, and entrepreneurs.

Al Hardan said that QIA is actively seeking investments in China, adding that they cannot rule out China. It is a very important market.

Participants in the session discussed the movement of smart money between infrastructure and advanced applications, exploring areas that may hold real opportunities after the wave subsides, especially with rising valuations and increased enthusiasm around artificial intelligence, as sophisticated investors consider risks over rewards.

Regarding Europe's renewed appeal to some investors, Global Head of Credit and Asset Finance at Goldman Sachs Christina Minnis said that Europe has become a huge focus.

Minnis said that there will be massive investment in defense and security, but also in AI, healthcare, and research, noting the United States and the Middle East as other key regions where Goldman sees significant opportunities.

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