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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Bridgewater Founder Ray Dalio Says Middle East's Rise is Similar to Silicon Valley

Ray Dalio reiterates concerns over an AI market bubble. (Credit: WORLD ECONOMIC FORUM Moritz Hager/Flickr)

Bridgewater Associates founder Ray Dalio has recently drawn a striking comparison between the rise of several Middle Eastern countries as emerging AI powerhouses and the historic ascent of Silicon Valley as the world's leading centre of technology innovation.

Dalio, 76, expressed these views in a recent interview, highlighting how nations such as the United Arab Emirates (UAE) and neighbouring Gulf states are attracting huge amounts of capital and global talent in their bid to become leaders in artificial intelligence and related sectors.

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