Government of Saudi Arabia, To invest in artificial intelligence, approximately $40 billion decided to set up a fund. If this decision bears fruit, Saudi Arabia could potentially gain a significant advantage over this technology, which is already beginning to shape people’s lives.

Moreover, Saudi officials have already taken action. According to sources close to the subject Public Investment Fund of Saudi Arabia officials met with Andreessen Horowitz, one of Silicon Valley’s top entrepreneurs, and several other key names to discuss potential collaborations.

Saudi Arabia is perhaps the largest investor in artificial intelligence in the world

The planned technology investment will suddenly make Saudi Arabia disappear The world’s largest investor in artificial intelligence can position it. The country’s government has long been working to diversify revenues from the oil monopoly, and they can open new doors for themselves thanks to investments in artificial intelligence. Saudi Arabia’s public investment fund has assets of more than $900 billion.

Saudi Arabia will not only invest in companies developing artificial intelligence models. Companies active in data centers, chip manufacturers and other related areas will be able to benefit from these investments. It is stated that Saudi officials also plan to create their own artificial intelligence models within the scope of these investments. With investments being routed through Wall Street banks, the artificial intelligence market seems to be changing a lot.

Saudi Arabia previously supported startups such as Uber, Soft Sofa He also participated in the initiative with 45 billion dollars. Authorities have been steering their investments away from technology for some time, as brands like WeWork and Zume failed under SoftBank investments.