DUBAI/LONDON, Dec 9 (Reuters) – Brookfield and Qai, an artificial intelligence company owned by Qatar’s sovereign wealth fund, have formed a $20 ‍billion joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, the two groups said Tuesday.

The joint venture aims to position Qatar as a leading AI hub in the ‌Middle East, they said, and ‌plans to create an Integrated Compute centre expanding regional access to high-performance computing capabilities.

The Gulf country’s $500 billion sovereign wealth fund said on Monday it was setting up its own national AI company, Qai, following in the steps of regional ‍peers the United Arab Emirates and Saudi Arabia, as they invest to become global AI hubs outside of ‍the U.S. and China.

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