English => News => Topic started by: Redaktion on March 21, 2024, 02:44:46
Title: Saudi Arabia Public Investment Fund in talks with venture capitalists to create $40 billion AI investment fund
Post by: Redaktion on March 21, 2024, 02:44:46
Saudi Arabia Public Investment Fund is in talks with venture capitalists as the country diversifies away from oil. The PIF is a sovereign wealth fund managing nearly $1 trillion to drive growth in new sectors under the country's Vision 2030 master plan, which includes creating world-class AI leadership with $40 billion investment fund.