UAE’s Alpha Dhabi to invest $1b in Alpha Wave III after SpaceX, OpenAI, Anthropic exposure

Alpha Dhabi Holding, which is listed on the Abu Dhabi Securities Exchange, has signed an agreement to commit $1 billion (Dh3.67 billion) to Alpha Wave III, a global investment fund managed by Alpha Wave Global. It gives the Abu Dhabi-based investment holding company diversified exposure to artificial intelligence (AI) companies through the fund. The agreement follows Alpha Dhabi’s participation in Alpha Wave Ventures II, through which the group obtained indirect exposure to companies including SpaceX, OpenAI and Anthropic. Alpha Wave III is expected to invest globally in AI and high-growth businesses that develop and apply transformative technologies. Alpha Dhabi said the fund offers access to structural growth themes through a specialist platform focused on long-term value creation.

First reported by Khaleej Times. This page is a short excerpt; the full text is theirs.