Saudi Arabia plans to invest 40 billion dollars in AI

The Saudi government plans to create a fund of about $40 billion for investing in artificial intelligence. The target of $40 billion would dwarf the typical financing scale of American venture capital firms. In recent weeks, representatives from the Saudi sovereign wealth fund have discussed potential partnerships with one of Silicon Valley's top venture capital firms, Andreessen Horowitz Fund, and other financiers. They warned that plans could still change. According to four informed sources, Saudi representatives mentioned to potential partners that the country is seeking support for a series of tech startups related to artificial intelligence, including chip manufacturers and expensive, large data centers which are becoming increasingly necessary for the development of next-generation computing. Saudi Arabia is even considering starting its own artificial intelligence company.