US EditionSaudi Arabia plans $40 bln push into artificial intelligence, NYT reports
- Representatives of Saudi Arabia's Public Investment Fund have discussed a potential partnership with US venture capital firm Andreessen Horowitz, as reported by the newspaper.
- Andreessen Horowitz and PIF governor Yasir Al-Rumayyan have explored the possibility of the US firm establishing an office in Riyadh, according to the report.
- The discussions have taken place in recent weeks, indicating an ongoing interest between the parties in forming a strategic collaboration.
21 Articles
21 Articles
Saudi Arabia plans $40bn AI fund
Saudi Arabia’s sovereign wealth fund is in talks with American venture capital firm Andreessen Horowitz and potentially others to create a $40bn fund to invest in artificial intelligence, according to reporting by The New York Times, which was later confirmed by CNBC sources. The move, which two people with knowledge of the matter told CNBC
Saudi Arabia plans to make a $40 billion push into the AI arms race: report
The Middle Eastern country is reportedly in talks with Andreessen Horowitz on the venture.HansMusaSaudi Arabia is going to splash serious money on AI, according to The New York Times. It's in talks with Andreessen Horowitz to partner on $40 billion in investments, the Times reported.The US government may not take too kindly to Saudi money flowing into US-based AI firms.Saudi Arabia wants a piece of the booming AI market.The Saudi government is p…
Saudi Arabia plans $40bn push into artificial intelligence, NYT
BENGALURU: Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the plans, according to Reuters. Representatives of Saudi Arabia’s Public Investment Fund have discussed a potential partnership with US venture capital firm Andreessen Horowitz and other financiers in recent weeks, the newspaper reported.
Saudi Arabia plans US$40 billion push into artificial intelligence, NYT reports
Saudi Arabia's government plans to create a fund of about US$40 billion to invest in artificial intelligence, the New York Times reported on Tuesday (Mar 19), citing three people briefed on the plans. Representatives of Saudi Arabia's Public Investment Fund (PIF) have discussed a potential p
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