/
•
•
OpenAI’s runaway success has spawned a slew of Indian startups keen to take a shot at generative AI. A fair amount of capital is being invested behind the latest buzzword—but it’s unclear what will stick.

CargoX gets a $250 million cheque from a prominent investment firm; the Gulf is shining in the upcoming American tech IPOs; and Abu Dhabi has hit pause on rental increases.
The country’s top VC funds are flush with new fundraises. They must now find opportunities to invest, but that’s easier said than done.
The country put on a show on the theme of artificial intelligence, which makes for excellent photos for social media and content for press releases. All that money, time and jet fuel spent could just have been an email.