Abu Dhabi’s Presight and Shorooq have launched Presight–Shorooq Fund I, a $100 million global AI innovation fund targeting startups from early to growth stage worldwide. By combining Presight’s AI expertise with Shorooq’s investment track record, the fund seeks to connect global founders with the UAE’s infrastructure, mentors, and markets, positioning Abu Dhabi as a hub for scalable, transformative AI solutions. Press release:Presight, a leading global AI and big data analytics company, and Shorooq, a leading Abu Dhabi-headquartered investment firm regulated by the FSRA as Fund Manager, today announced the launch of a global AI innovation fund (Presight–Shorooq Fund I) that aims to invest $100 million in the next generation of AI breakthroughs. His Excellency Mansoor Al Mansoori, Vice Chairman of Presight, witnessed the signing ceremony of the Presight–Shorooq Fund I and commented:“Abu Dhabi stands at the forefront of global AI innovation, and the world increasingly looks to the UAE as a trusted leader in AI development and deployment. Thomas Pramotedham, Chief Executive Officer of Presight, said, “We’re combining Presight’s AI leadership with Shorooq’s investment acumen to fuel the next wave of AI innovation.