New Delhi, Dec. 9 -- Billionaire investor and founder of Bridgewater Associates, Ray Dalio feels the Middle East is fast emerging as one of the world's most powerful AI hubs, as per the CNBC report.

Speaking to the channel on 8 December, he compared the Middle East situation to the rise to Silicon Valley's tech dominance, noting that the United Arab Emirates (UAE) and other countries are pushing large investments in the AI space, to attract global talent.

"What they've done is to create talented people. So this [region] is kind of becoming a Silicon Valley of capitalists ... So now people are coming in . money is coming in, talent is coming in. There's a buzz here, the way there's a buzz in San Francisco, places like that, about AI or t...