Published 07/23/2024 1:10:01 a.m.

Mohammed Bin Salman's AI Ambitions Get A Boost As Saudi Aramco's Venture Arm Invests $15M In South Korean AI Chipmaker

Summary by Benzinga

In a bid to bolster the artificial intelligence industry in Saudi Arabia, Saudi Aramco's venture arm, Wa'ed Ventures, has invested $15 million in South Korean AI chipmaker Rebellions Inc.

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Benzinga

Mohammed Bin Salman's AI Ambitions Get A Boost As Saudi Aramco's Venture Arm Invests $15M In South Korean AI Chipmaker

In a bid to bolster the artificial intelligence industry in Saudi Arabia, Saudi Aramco's venture arm, Wa'ed Ventures, has invested $15 million in South Korean AI chipmaker Rebellions Inc.

07/23/2024 3:03:33 a.m.·New York, United States

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Arab News

Saudi Aramco’s Wa’ed Ventures invests $15m in South Korean chipmaker

RIYADH: Energy giant Saudi Aramco’s growth capital arm, Wa’ed Ventures, has invested $15 million in chipmaker firm Rebellions, marking the fund’s first investment in a South Korean startup. The funding will enable Rebellions to accelerate the development of artificial intelligence chips globally and expand its business into the Kingdom, according to a press statement. Saudi Arabia is aggressively pushing to develop its chipmaking industry a…

07/23/2024 9:14:15 a.m.·Riyadh, Saudi Arabia

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Techmeme

Wa'ed Ventures, the $500M venture arm of Saudi Aramco, made its first investment in South Korea by investing $15M in AI chipmaker Rebellions

The essential tech news of the moment. Technology's news site of record. Not for dummies.

07/23/2024 1:10:01 a.m.

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Mohammed Bin Salman's AI Ambitions Get A Boost As Saudi Aramco's Venture Arm Invests $15M In South Korean AI Chipmaker

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Mohammed Bin Salman's AI Ambitions Get A Boost As Saudi Aramco's Venture Arm Invests $15M In South Korean AI Chipmaker

Mohammed Bin Salman's AI Ambitions Get A Boost As Saudi Aramco's Venture Arm Invests $15M In South Korean AI Chipmaker

Saudi Aramco’s Wa’ed Ventures invests $15m in South Korean chipmaker

Saudi Aramco’s Wa’ed Ventures invests $15m in South Korean chipmaker

Wa'ed Ventures, the $500M venture arm of Saudi Aramco, made its first investment in South Korea by investing $15M in AI chipmaker Rebellions

Wa'ed Ventures, the $500M venture arm of Saudi Aramco, made its first investment in South Korea by investing $15M in AI chipmaker Rebellions

Coverage Details

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