Saudi Arabia Pledges $40 Billion Investment in AI Sector
Saudi Arabia’s Public Investment Fund (PIF) is planning to create a fund of approximately $40 billion to invest in artificial intelligence (AI),
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According to the New York Times. The fund will seek to leverage the country’s technological advancements and infrastructure in order to stimulate economic growth.
According to the report, representatives of the PIF have been in talks with U.S. venture capital firm Andreessen Horowitz and other potential financiers in an effort to attract capital and support for the country’s AI initiatives.
If successful, the plan could help Saudi Arabia position itself as a global leader in the AI industry.
