If the $40 billion fund goes ahead, it would make Saudi Arabia the largest investor in the AI space.
The Saudi Arabian government is reportedly mulling the creation of a $40 billion investment fund to pour money into artificial intelligence, which could take place in the second half of the year.
Representatives behind Saudi Arabia’s Public Investment Fund are also considering a partnership with Silicon Valley venture capital firm Andreessen Horowitz (a16z) to oversee the AI investments, The New York Times reported on March 19 citing three people familiar with the matter.
Other venture capitalists may also participate in the AI fund and the a16z partnership could see it setting up an office in the country’s capital, Riyadh.
