OurCrowd, Israel’s most active and well-known venture firm, will invest $60 million in Abu Dhabi to expand its operations and focus on an Artificial Intelligence (AI) tech hub. Abu Dhabi Investment Office (ADIO) and OurCrowd will soon launch Integrated Data Intelligence Ltd (IDI) to commercialise AI for businesses. Based at Abu Dhabi Global Market’s Hub71, IDI will develop AI solutions that enable businesses to easily adopt and leverage the technology. OurCrowd Arabia, established last year, also announced that it will expand its team in the UAE capital to 60 over the next four years. It is also starting a new VC investment centre to manage deals for its existing platform and cater to emerging markets.