Yasir Al-Rumayyan.

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    • Abstract:
      Saudi Arabia's Public Investment Fund (PIF) is planning to establish a $40 billion fund for investing in artificial intelligence (AI), potentially in partnership with venture-capital firm Andreessen Horowitz. This move would make Saudi Arabia one of the largest state funders of AI. The country aims to diversify its economy from oil and believes it is well-positioned to become an AI hub outside of the United States due to its funding capacity and energy resources. The PIF's push into tech was initially met with resistance from tech executives following a controversial anticorruption crackdown in 2017 and the murder of journalist Jamal Khashoggi in 2018. However, the recent AI boom has renewed interest in the PIF, with OpenAI CEO Sam Altman and Amazon both seeking investment opportunities in Saudi Arabia's tech sector. [Extracted from the article]
    • Abstract:
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