According to France’s Le Monde, the UAE will invest $1 billion through Marlan Space, a subsidiary of UAE International Holdings (IHC), in Loft Orbital, a space AI startup co-founded by France and the United States, to build a constellation of 50 AI-enabled observation satellites. Unlike traditional satellites that transmit data back to Earth for analysis, the company plans to process satellite-collected images, videos, and measurement data directly in space using AI, with AI agents identifying anomalies and issuing alerts within seconds.
UAE Invests $1 Billion in Loft Orbital to Deploy 50 AI-Powered Satellites
TechFlowShare
Summary
The UAE has committed $1 billion to Loft Orbital through Marlan Space, a subsidiary of IHC. The funding will deploy 50 AI-powered satellites that will process data in space, not on Earth. AI agents will detect issues and send alerts within seconds. On-chain data reveals rising interest in space technology and altcoins to watch.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.