Ray Dalio Says Middle East Is Emerging As A Silicon Valley Of Capitalists

Benzinga

Ray Dalio said the Middle East is rapidly emerging as a major global AI hub as the UAE, Saudi Arabia, and Qatar deploy vast capital into cloud and data-center infrastructure, attracting top AI talent and global tech partners. Massive sovereign-fund deals and new campuses position the region as a rising powerhouse.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Bridgewater Associates' founder Ray Dalio said the Middle East is quickly becoming a major global AI hub, according to CNBC.

00:10Dalio said the United Arab Emirates and its neighbors are drawing investment managers and AI innovators

00:15by pairing large capital reserves with rising global talent.

00:19The UAE and Saudi Arabia rolled out multi-billion dollar cloud, data center, and AI infrastructure initiatives

00:26backed by sovereign wealth funding and global tech partnerships.

00:30A $10 billion Google Cloud Saudi Public Investment Fund deal aims to establish a global AI hub in the country

00:36by expanding local data center and AI capacity.

00:40OpenAI, Oracle, NVIDIA, and Cisco are also collaborating on a major Stargate AI campus in the United Arab Emirates.

00:48Dalio said the UAE, Saudi Arabia, and Qatar are becoming a Silicon Valley of capitalists

00:54as their efforts to cultivate talent draw increasing inflows of people and capital.

00:58For all things money, visit Benzinga.com.

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