Saudi Arabia Public Investment Fund in talks with venture capitalists to create $40 billion AI investment fund

[Redaktion]

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.

https://www.notebookcheck.net/Saudi-Arabia-Public-Investment-Fund-in-talks-with-venture-capitalists-to-create-40-billion-AI-investment-fund.815459.0.html