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CryptoIntelligence 2024-03-29 19:55:22

Saudi Arabia Plans $40 Billion AI Investment Fund, Eyes Partnership with Silicon Valley’s Andreessen Horowitz

Saudi Arabia Plans $40 Billion AI Investment Fund, Eyes Partnership with Silicon Valley’s Andreessen Horowitz

The Saudi Arabian government is actively considering the establishment of a massive $40 billion investment fund dedicated to advancements in artificial intelligence (AI). This strategic move, expected to unfold in the latter half of the year, aims to position Saudi Arabia as a leading player in the AI domain. This initiative is being spearheaded by the Public Investment Fund of Saudi Arabia, which is reportedly in talks with the Silicon Valley-based venture capital giant Andreessen Horowitz (a16z) to manage the AI investments, according to a March 19 report by The New York Times, which cited three individuals familiar with the

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