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Dubai billionaire Sajwani: We've made billions just from investing in OpenAI, SpaceX and Anthropic

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Dubai billionaire and DAMAC Group founder Hussain Sajwani said at Bloomberg's Dubai investment forum that "just from OpenAI, SpaceX and Anthropic, we made billions of dollars," and he expects investments in AI companies such as Anthropic to yield billions in returns. DAMAC, which started in Dubai real estate, has been expanding into tech and data centers, and Sajwani acknowledged some risk even as concerns grow that AI valuations are too high.

Translation(model translation, not the source's own text)

Dubai billionaire 萨基瓦尼: Just from investing in OpenAI, SpaceX and Anthropic, we've made billions of dollars

IT Home, November 12: According to a Bloomberg report today (the 12th), Dubai billionaire and Damac Group founder 侯赛因 · 萨基瓦尼 expects that investments in AI companies such as Anthropic are expected to bring in billions of dollars in returns.

Some investors who have bet on tech giants in recent years are reaping rich rewards. "Just from those three companies — OpenAI, SpaceX and Anthropic — we've made billions of dollars," 萨基瓦尼 said at the Bloomberg Dubai investment forum.

Damac Group started out in Dubai's real estate business and in recent years has gradually expanded its investments into the technology and data center sectors. Earlier reports said Anthropic's IPO was several times oversubscribed, with market enthusiasm continuing to run high for a deal that could become the largest IPO in history.

The years-long boom in Dubai's real estate market has also kept 萨基瓦尼's fortune rising. According to the Bloomberg Billionaires Index, his net worth exceeds $13 billion (IT Home note: roughly 86.915 billion yuan at current exchange rates). However, affected by the Iran war, demand in Dubai's real estate market has slowed somewhat in recent months.

Although investors such as 萨基瓦尼 have earned considerable profits from tech investments, concerns are also growing that AI companies are overvalued. 萨基瓦尼 acknowledged that certain risks exist and believes AI will continue to generate revenue, but does not rule out a market correction.

Farhad Karim, global COO of Blackstone's private wealth business, who also attended the forum, believes that digital infrastructure and logistics offer particularly prominent investment opportunities, with demand for computing power set to grow substantially in the future. "The investment and commitment to AI and AI infrastructure in this region are very exciting."

By contrast, PIMCO is more cautious about the pace of expansion of global digital infrastructure. 克里斯蒂安 · 斯特拉克, the firm's managing director and president, expects growth in digital infrastructure lending to gradually slow. He believes that even if capital continues to flow in, market demand for investment cannot possibly double year after year.

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The translation is machine-generated and individual terms may be off. Nothing is rewritten or cut; the original is authoritative.

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