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Saudi Arabia’s Astounding $40 Billion Bet on Artificial Intelligence

Saudi Arabia diving headfirst into the world of artificial intelligence (AI) with a whopping $40 billion from their sovereign wealth fund. 

With such a hefty investment, they’re not just dipping their toes in; they’re set to potentially make a splash big enough to become the market’s most prominent investors.

This is all tied to Saudi Crown Prince Mohammed bin Salman’s ambitious “Vision 2030 Initiative,” which has looked to modernize the economy and strengthen ties in global finance.

With $40 billion, they’re not just joining the race but aiming to lead it. This fund isn’t about playing it safe. It’s about making Saudi Arabia and Andreessen Horowitz the go-to names in the AI arena.

Read the full story at Medium

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