Published 1 month ago

Saudi 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.

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Reuters

Saudi Arabia plans $40 bln push into artificial intelligence, NYT reports

1 month ago·United Kingdom

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Channel News Asia

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

1 month ago·Singapore

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Globo

Saudi Arabia plans to invest US$ 40 billion in artificial intelligence.

A planned technology fund would make Saudi Arabia the world's largest investor in artificial intelligence. The Saudi Arabian government plans to create a fund of around $40 billion (equivalent to R$ 201.3 billion) to invest in artificial intelligence, according to three people familiar with the plans - the latest sign of the gold rush toward a technology that has already begun to remodel the way people live and work. The French: Google fined 1.3…

1 month ago·Brazil

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The Straits Times

Saudi Arabia plans $40 billion push into artificial intelligence, NYT reports

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. Read more at straitstimes.com.

1 month ago·Singapore

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Arab News

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.

1 month ago·Riyadh, Saudi Arabia

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Business Insider

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…

1 month ago·United States

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