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Kuwait invests 10B in AI firm
The Kuwait Public Investment Authority announced an investment of $10 billion in a new company called Helix Digital Infrastructure, which will specialize in building and financing AI infrastructure such as data centers, power plants, transmission networks, and fiber optics. The project is led by former Amazon Web Services CEO Adam Selipsky, with the goal of meeting the rising demand for computational and electrical power for AI technologies, especially amidst the massive investments taking place in the Gulf region.
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