GLOBAL: Bahrain-based Shariah compliant asset manager Arcapita and US firm Parkway Venture Capital are co-investing in a portfolio of artificial intelligence (AI) companies. The portfolio will focus on five seed assets driving advancements in robotics, quantum computing, generative AI and more. Notable investments include Figure AI – producing humanoid robotics, focused on addressing labor shortages and improving workplace safety – and SandboxAQ, originally developed within Alphabet – it applies AI and quantum computing to advance cybersecurity and materials science.
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