Saudi Arabia Plans $40 Billion Investment in Artificial Intelligence

The government of Saudi Arabia is reportedly planning to invest $40 billion in artificial intelligence (AI) as part of its efforts to become a major player in the AI market and diversify its economy. The country's Public Investment Fund has held discussions with venture capital firm Andreessen Horowitz and other financiers to explore potential partnerships. If the planned tech fund is established, Saudi Arabia will become the largest investor in AI globally. The country has expressed interest in supporting AI-related tech start-ups and may even establish its own AI companies. The investment drive is expected to gain momentum in the second half of 2024. --- Send in a voice message: https://podcasters.spotify.com/pod/show/tonyphoang/message