Abu Dhabi sovereign fund to invest space tech, AI this year

Abu Dhabi’s Mubadala Investment Co will deploy significant capital into artificial intelligence and space technology this year, its managing director said on Wednesday, committing the sovereign wealth fund to investing more in the United States.

Khaldoon Mubarak told an investor conference in Abu Dhabi that sovereign wealth funds had an opportunity and responsibility to transform from asset investors to enablers of global progress.

“We plan to invest more in the U.S. market and deepen strategic and forward-looking investment products in the UK, Europe, France,” he said.