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Chinese AI Firms Turn to the Middle East Amid Domestic Funding Crunch
A recent feature in Economic Observer, a business news outlet, shows how Chinese AI companies, squeezed by fierce competition and a shrinking capital pool at home, are pivoting toward the Middle East, where deep-pocketed sovereign funds and ambitious digital transformation agendas are opening new doors.
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
Chinese AI Firms Turn to the Middle East Amid Domestic Funding Crunch
A recent feature in Economic Observer, a business news outlet, shows how Chinese AI companies, squeezed by fierce competition and a shrinking capital pool at home, are pivoting toward the Middle East, where deep-pocketed sovereign funds and ambitious digital transformation agendas are opening new doors.