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@ 2024/03/21Silicon Valley giants wooed for desert tech oasis
Saudi Arabia's government is poised to splash out €36 billion on artificial intelligence.
According to New York, the kingdom's Public Investment Fund (PIF) bigwigs have been chatting with none other than the Silicon Valley heavyweights at Andreessen Horowitz.
The idea is to form a potential partnership that could see the American venture capital firm planting its flag in Riyadh.
PIF's head honcho, Yasir Al-Rumayyan, wants to roll out the red carpet for the US tech titans, with talks of an office set-up and a slice of the AI action.
It's not a done deal yet. The plans are still as fluid as an oasis mirage, with other moneybags in the venture capital world possibly throwing their hats into the ring.
Saudi Arabia's government is poised to splash out €36 billion on artificial intelligence.
According to New York, the kingdom's Public Investment Fund (PIF) bigwigs have been chatting with none other than the Silicon Valley heavyweights at Andreessen Horowitz.
The idea is to form a potential partnership that could see the American venture capital firm planting its flag in Riyadh.
PIF's head honcho, Yasir Al-Rumayyan, wants to roll out the red carpet for the US tech titans, with talks of an office set-up and a slice of the AI action.
It's not a done deal yet. The plans are still as fluid as an oasis mirage, with other moneybags in the venture capital world possibly throwing their hats into the ring.
