Qatar has launched a new company to develop and invest in artificial intelligence (AI), joining other Gulf nations investing heavily in the technology. Qai, the new AI-focussed entity, will operate as a subsidiary of the Qatar Investment Authority (QIA), the state-owned Qatar News Agency reported. Qai will develop, manage, and invest in advanced AI infrastructures both […]Qatar has launched a new company to develop and invest in artificial intelligence (AI), joining other Gulf nations investing heavily in the technology. Qai, the new AI-focussed entity, will operate as a subsidiary of the Qatar Investment Authority (QIA), the state-owned Qatar News Agency reported. Qai will develop, manage, and invest in advanced AI infrastructures both […]

Qatar joins other Gulf nations to advance AI

2025/12/09 13:18

Qatar has launched a new company to develop and invest in artificial intelligence (AI), joining other Gulf nations investing heavily in the technology.

Qai, the new AI-focussed entity, will operate as a subsidiary of the Qatar Investment Authority (QIA), the state-owned Qatar News Agency reported.

Qai will develop, manage, and invest in advanced AI infrastructures both within Qatar and internationally, the statement added.

No financial details were disclosed.

Qai chairman Abdullah bin Hamad Al Misnad said the launch of Qai marks a significant step in Qatar’s drive to position itself as a competitive hub for AI and data-driven industries.

In September, QIA took part in the US quantum computing startup PsiQuantum’s $1 billion funding round.

The Gulf nation has been investing in global tech companies, including Elon Musk’s xAI, to diversify its economy and build expertise in fields such as artificial intelligence, quantum computing and renewable energy.

The UAE and Saudi Arabia have already committed billions of dollars to global AI initiatives and have established national AI companies, such as G42 in Abu Dhabi and Humain in Riyadh.

Market Opportunity
Sleepless AI Logo
Sleepless AI Price(AI)
$0.03738
$0.03738$0.03738
-2.42%
USD
Sleepless AI (AI) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Crypto Market Prediction: Is Shiba Inu (SHIB) Saved? XRP Can Enter New Year With Bull Run, Bitcoin (BTC): There's a Problem

Crypto Market Prediction: Is Shiba Inu (SHIB) Saved? XRP Can Enter New Year With Bull Run, Bitcoin (BTC): There's a Problem

Market's volatility and volume profiles are not showing disruption, but things might change as the holidays continue.
Share
Coinstats2025/12/26 08:01
Philippines Blocks Coinbase, Gemini Access; BTC Trading Faces Potential Disruptions

Philippines Blocks Coinbase, Gemini Access; BTC Trading Faces Potential Disruptions

The post Philippines Blocks Coinbase, Gemini Access; BTC Trading Faces Potential Disruptions appeared on BitcoinEthereumNews.com. Philippine ISPs began blocking
Share
BitcoinEthereumNews2025/12/26 08:29
Tokyo Fashion Brand Expands Into Bitcoin and AI

Tokyo Fashion Brand Expands Into Bitcoin and AI

The post Tokyo Fashion Brand Expands Into Bitcoin and AI appeared on BitcoinEthereumNews.com. On Wednesday, Japanese casual apparel retailer Mac House announced that shareholders approved a name change to Gyet Co., Ltd., signaling a strategic shift into crypto and digital assets. The move highlights a broader corporate plan centered on cryptocurrency, blockchain, and artificial intelligence. It reflects the company’s ambition to launch a global Bitcoin treasury program, drawing attention from both domestic and international observers. “Yet” and Its Global Significance Gyet’s amended corporate charter introduces wide-ranging digital initiatives, adding cryptocurrency acquisition, trading, management, and payment services. The new objectives also cover crypto mining, staking, lending, and yield farming, as well as blockchain system development, NFT-related projects, and research in generative AI and data center operations. These changes indicate a clear intent to diversify beyond apparel and position the company within global technology and finance sectors. Sponsored Sponsored The rebranding reflects Gyet’s aim to operate with a broader international outlook. Its new name conveys three concepts: “Growth Yet,” “Global Yet,” and “Generation Yet,” signaling a desire to create technology-driven value for future generations while expanding beyond Japan’s domestic market. Bitcoin Purchasing and Mining Gyet declared its digital asset ambitions in June 2025 and in July signed a basic cooperation agreement with mining firm Zerofield. The company has since begun a $11.6 million Bitcoin acquisition program and is testing mining operations in US states such as Texas and Georgia, where electricity costs are relatively low. Its goal of holding more than 1,000 BTC is modest globally, but the model—funding purchases and mining with retail cash flow—remains unusual for an apparel business. Within Japan, Gyet follows companies such as Hotta Marusho and Kitabo, which have also diversified into cryptocurrency activities distinct from their original operations. This move may accelerate corporate Bitcoin holdings as a financial strategy, attract interest in overseas mining ventures by Japanese firms, and…
Share
BitcoinEthereumNews2025/09/18 11:13