BlackRock $BLK (+0,12 %) has announced plans to invest in Abu Dhabi a new center for artificial intelligence (AI) and innovative financial technologies in Abu Dhabi. BlackRock has now received the license to do so. This project is part of the investment giant's global expansion in the field of AI-driven asset management. The facility will help to further develop AI solutions for the financial sector, particularly with regard to data-driven investment strategies and risk analysis.

The decision to choose Abu Dhabi reflects the region's increasing importance as a hub for financial technology. The initiative could also strengthen BlackRock's collaboration with local authorities and institutional investors, including the sovereign wealth fund ADIA (Abu Dhabi Investment Authority), one of the largest in the world.

Personal opinion:

BlackRock is simply a huge ETF, which is once again demonstrated by such an expansion ;)

Source:

https://cointelegraph.com/news/blackrock-abu-dhabi-ai-expansion

The news is based on what I personally consider to be reputable sources. However, I do not guarantee their accuracy.