Saudi Arabia Plans $40 Billion A.I. Investment Blitz

Saudi Arabia plans to establish a whopping $40 billion fund for investing in artificial intelligence, aiming to dominate the tech market. The move signifies the nation’s ambition to diversify its economy and assert global influence. Discussions involve partnering with top venture capital firm Andreessen Horowitz.

This initiative, led by Saudi’s sovereign wealth fund, seeks to back A.I. startups, chip makers, and data centers. If realized, it could make Saudi Arabia and Andreessen Horowitz major players in the A.I. sector. Despite past struggles in tech investments, Saudi Arabia’s bold move attracts attention and signals renewed interest from Silicon Valley and Wall Street.

Great investments…