Mubadala CEO Backs AI, Private Credit Bets Despite Market Doubts

Mubadala Investment Co.’s chief executive said the Abu Dhabi wealth fund has “a lot of conviction” in artificial intelligence, despite investor concerns about exuberance in the sector.

“Leaving the noise and the hype aside, I think we have a very clear view of what we think are the investable spaces within the technology space,” Khaldoon Khalifa Al Mubarak said in a Bloomberg Television interview in Davos on Monday. “Particularly when it comes to AI enablement, there are a lot of aspects that I think we believe in.”