{"id":11796,"date":"2024-03-20T14:53:16","date_gmt":"2024-03-20T12:53:16","guid":{"rendered":"https:\/\/forklog.com\/en\/saudi-arabia-to-invest-40-billion-in-artificial-intelligence\/"},"modified":"2024-03-20T14:53:16","modified_gmt":"2024-03-20T12:53:16","slug":"saudi-arabia-to-invest-40-billion-in-artificial-intelligence","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/saudi-arabia-to-invest-40-billion-in-artificial-intelligence\/","title":{"rendered":"Saudi Arabia to Invest $40 Billion in Artificial Intelligence"},"content":{"rendered":"<p>Saudi Arabia is set to establish a fund to invest $40 billion in artificial intelligence technologies, according to <a href=\"https:\/\/www.nytimes.com\/2024\/03\/19\/business\/saudi-arabia-investment-artificial-intelligence.html\">The New York Times<\/a>, citing sources.<\/p>\n<p>The newspaper reports that representatives of the Public Investment Fund have discussed potential partnerships with Andreessen Horowitz, a leading venture firm in Silicon Valley.<\/p>\n<p>According to the NYT, the agreement would highlight Saudi Arabia&#8217;s global ambitions and its efforts to diversify its economy and transform into a more influential geopolitical player.<\/p>\n<p>To implement the initiative, the state plans to utilize its sovereign wealth fund, which exceeds $900 billion.<\/p>\n<p>Sources indicate that Saudi representatives have informed potential partners of their willingness to support a range of AI-related tech startups, including chip manufacturers and data centers. The country also plans to create its own companies.<\/p>\n<p>Andreessen Horowitz co-founder Ben Horowitz and Yasir Al-Rumayyan, head of Saudi Arabia&#8217;s Public Investment Fund, have discussed the possibility of opening a venture firm&#8217;s office in Riyadh.<\/p>\n<p>The fund could be launched in the second half of 2024.<\/p>\n<p>Earlier in March, journalists reported on OpenAI&#8217;s negotiations to attract investments from the UAE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia is set to establish a fund to invest $40 billion in artificial intelligence technologies, according to The New York Times, citing sources. The newspaper reports that representatives of the Public Investment Fund have discussed potential partnerships with Andreessen Horowitz, a leading venture firm in Silicon Valley. According to the NYT, the agreement would [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1368,1133],"class_list":["post-11796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-saudi-arabia","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=11796"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/11796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/11795"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=11796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=11796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=11796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}