Khazanah ventures into Artificial Intelligence

Malaysian sovereign wealth fund invests RM400 million in India firm Fractal Analytics. BANGALARU: Khazanah Nasional Berhad is venturing into the sphere of Artificial Intelligence (AI), one of the most exciting and transformative technology areas, by buying a stake in Fractal Analytics. Khazanah has pumped in US$100 million into Fractal Analytics, a leading global provider of data analytics. A press statement from Fractal Analytics yesterday quoted Executive Director at Khazanah Chinta Bhagat as saying: “We believe that the availability of large amounts of real-time information and the ability to analyse it at scale, will transform how the world makes decisions.” “Fractal is one of the companies leading this change and with our partnership, it can dramatically accelerate its programmatic investments and acquisitions,” the Mumbai-based Bhagat said. Co-founder and CEO of Fractal…

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