Overview
- Qatar’s government established Qai as a unit of the Qatar Investment Authority to invest in, develop and manage AI infrastructure in Qatar and overseas.
- Officials said Qai will offer “secure and trusted” technologies along with access to high-performance computing and tools to deploy scalable AI systems.
- The QIA lists $524 billion in assets under management, though it has not disclosed how much it will invest in Qai.
- The step follows national AI drives by the UAE’s G42 and Saudi Arabia’s Humain, with recent U.S. approvals enabling advanced Nvidia chips to be supplied to those firms.
- The World Bank and IMF highlight productivity gains from Gulf AI spending and call for competition, reskilling and other reforms, with the World Bank projecting 2.8% growth for Qatar this year.