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Will Saudi Arabia invest $40 billion in artificial intelligence?

(Reuters) - 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, citing three people briefed on the plans.

Does Saudi Arabia want a tech start-up based on artificial intelligence?

Saudi representatives have indicated to potential partners that the country is interested in supporting a variety of tech start-ups associated with artificial intelligence, including chip makers and large-scale data centers, the report added. PIF and Andreessen Horowitz did not immediately respond to requests for comment from Reuters.

Could Saudi Arabia become the largest player in the AI market?

The Middle Eastern country is creating a gigantic fund to invest in A.I. technology, potentially becoming the largest player in the hot market. Visitors interact with Saudi Arabia’s first robot “Sara”, at the LEAP conference in Riyadh, February 8, 2023. Ahmed Yosri/Reuters

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