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British firm secures $30M for Gulf AI
1001 AI Solutions, a company headquartered in London with a branch in Dubai, announced that it has raised $30 million in a Series A funding round. The company aims to expand its team and strengthen its presence in Gulf markets, focusing on developing sovereign AI systems to enhance vital infrastructure in the region. The company believes that Gulf Cooperation Council countries' reliance on local AI systems will be central to sovereignty and growth in the future, especially with estimates indicating that technology could contribute more than $150 billion to the region's economy.
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