Saudi Arabia to Create $40 Billion Artificial Intelligence Fund

Article: Saudi Arabia reportedly in talks with VC firms like Andreessen Horowitz to create mammoth $40 billion AI fund - CNBC

Saudi Arabia’s sovereign wealth fund is in talks with American venture capital firm Andreessen Horowitz and potentially others to create a $40 billion fund to invest in artificial intelligence. The partnership would pair up Saudi Arabia’s $925 billion Public Investment Fund (PIF) and Andreessen Horowitz, one of Silicon Valley’s largest venture capital firms.

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