How the UAE's growing interest in crypto drew Michael Saylor, Changpeng Zhao, and other executives to Abu Dhabi, hoping to secure deals with Emirati investors
Angus Berwick / Wall Street Journal :
Abu Dhabi-based edtech startup Alef Education, which serves kindergarten to 12th grade, aims to raise up to $515M in an IPO, Abu Dhabi's first IPO of 2024
Julia Fioretti / Bloomberg :
Sources: Sam Altman has held talks to raise billions, including $8B to $10B from Abu Dhabi-based G42, to set up a network of factories to manufacture chips
- Push reflects concern about potential semiconductor shortage — Project would involve working with major chipmaking companies
Sources: OpenAI is in early talks to raise funding at a $100B+ valuation, and discussed raising between $8B and $10B from Abu Dhabi-based G42 for a chip venture
OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion …
Abu Dhabi is becoming a popular destination for crypto companies, including Copper, Phoenix, Paxos, and eToro, seeking eager investors and friendlier regulators
Emily Nicolle / Bloomberg :
Abu Dhabi-based data analytics firm Presight AI, owned by AI and cloud computing company G42, plans to raise $495M at a ~$2B valuation in an IPO on March 13
Shaji Mathew / Bloomberg :
Sources: Binance CEO Changpeng Zhao met with investors in Abu Dhabi last week to raise money for a crypto industry recovery fund
Binance Chief Executive Officer Changpeng “CZ” Zhao and several deputies met with investors in Abu Dhabi last week in an effort to raise cash …
Abu Dhabi-based on-demand trucking platform TruKKer, which matches shippers and freight carriers, raised $100M from Investcorp and others ahead of a planned IPO
Matthew Martin / Bloomberg :
Abu Dhabi-based AI company G42 and the Abu Dhabi Growth Fund announce a $10B fund to invest in late-stage tech companies in emerging markets
Adveith Nair / Bloomberg :
Profile of Abu Dhabi-based music streaming service Anghami, which has 1.4M paying subscribers and 70M total users, as it goes public via a $220M SPAC merger
the business model and the music we listen to https://restofworld.org/... via @restofworld Yinka Adegoke / @yinkawrites : @Mark_Mulligan ... As Universal Music digital EVP Michael Nash told me: “There...