Article · AI translation
IT Home reported on November 12 that, according to Bloomberg today (the 12th), Dubai billionaire and DAMAC Group founder Hussain Sajwani expects investments in AI companies such as Anthropic to generate billions of dollars in returns.
Some investors who have bet on technology giants in recent years are reaping substantial returns. Sajwani said at the Bloomberg Dubai Investment Forum: “We’ve made billions of dollars from just 3 companies: OpenAI, SpaceX and Anthropic.”
DAMAC Group began in Dubai real estate and has gradually expanded its investments into technology and data centers in recent years. Earlier reports said Anthropic’s IPO was oversubscribed several times over, with market enthusiasm continuing to rise for a deal that could become the largest IPO in history.
Years of growth in Dubai’s real estate market have also steadily increased Sajwani’s wealth. The Bloomberg Billionaires Index puts his net worth at more than $13 billion (IT Home note: approximately 86.915 billion yuan at current exchange rates). However, demand in Dubai’s real estate market has slowed in recent months because of the war in Iran.
Although investors including Sajwani have made considerable profits from technology investments, concerns are also growing that AI companies are overvalued. Sajwani acknowledged some risk, saying he believes AI will continue to generate revenue but that a market correction remains possible.
Farhad Karim, global COO of Blackstone’s private wealth business, who also attended the forum, said digital infrastructure and logistics offer particularly strong investment opportunities and that demand for computing power will grow substantially. “The investment and commitment to AI and AI infrastructure in this region are very exciting.”
By comparison, Pacific Investment Management Company is more cautious about the pace of global digital infrastructure expansion. Christian Strack, the company’s managing director and president, expects growth in digital infrastructure lending to slow gradually. He believes demand for investment in the market cannot double every year, even if capital continues to flow in.