Abu Dhabi’s Judan Buys Major Stake in US AI Investor

Abu Dhabi’s Judan buys major stake in US AI investor

Abu Dhabi Deputy Ruler Sheikh Tahnoon bin Zayed is pushing ahead with deals in the US to meet his emirate’s massive appetite for AI. The new $237 billion financial services holding company Judan, which he helms, is buying a majority stake in Alpha Wave Global, a Miami-based alternative asset manager and investor in Anthropic, OpenAI, and SpaceX.Judan will take a 50.1% stake in Alpha Wave and help launch its AI-native life insurance business, the…

IHC unit Judan buys controlling stake in US AI investor

Judan Financial, a subsidiary of Abu Dhabi’s International Holding Company (IHC), has acquired a controlling stake in US investment manager Alpha Wave Global. The IHC unit will take a 50.1 percent share in Alpha Wave, a Miami-based company that has primarily invested in SpaceX, Anthropic, OpenAI and Cerebras. The investment will accelerate Alpha Wave’s newly launched US life insurance and retirement business, IHC said in a statement to the Abu D…

IHC's Judan Financial buys 50.1% stake in US firm Alpha Wave Global

Alpha Wave Global's private equity platform focuses on large-scale growth investments in companies developing or benefiting from artificial intelligence, including SpaceX and Anthropic The post IHC’s Judan Financial acquires 50.1% stake in US investment firm Alpha Wave Global appeared first on Gulf Business.

Judan Financial, an IHC subsidiary, debuts with strategic investment in Alpha Wave Global

Judan Financial invests in US-based Alpha Wave Global for a 50.1% stake