Saudi Arabia Plans $40 Billion Investment in Artificial Intelligence

The government of Saudi Arabia is reportedly planning to invest $40 billion in artificial intelligence (AI) as part of its efforts to become a major player in the AI market and diversify its economy. The country's Public Investment Fund has held discussions with venture capital firm Andreessen Horowitz and other financiers to explore potential partnerships. If the planned tech fund is established, Saudi Arabia will become the largest investor in AI globally. The country has expressed interest in supporting AI-related …

ai market andreessen andreessen horowitz artificial artificial intelligence become billion capital country discussions economy fund government intelligence investment major market part planning public saudi arabia venture venture capital