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

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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, ci...

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.

Andreessen Horowitz and PIF governor Yasir Al-Rumayyan have discussed the possibility of the U.S. firm setting up an office in Riyadh, according to the report. Other venture capitalists may participate in kingdom’s artificial intelligence fund, which is expected to commence in the second half of 2024, the newspaper said.

 

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Saudi Arabia plans US$40b push into AI, New York Times reportsNEW YORK: Saudi Arabia’s government plans to create a fund of about US$40 billion (RM189.3 billion) to invest in artificial intelligence (AI), the New...
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