The kingdom’s new hub will include data centres and startups, sources told Bloomberg. The country’s Public Investment Fund is also working on a partnership of up to US$10 billion with Google to develop Arabic language models and other technologies. (Bloomberg)
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The kingdom’s new hub will include data centres and startups, sources told Bloomberg. The country’s Public Investment Fund is also working on a partnership of up to US$10 billion with Google to develop Arabic language models and other technologies. (Bloomberg)
Talking point: Under Crown Prince Mohammed bin Salman, the government is trying to diversify Saudi Arabia’s economy away from oil production; it’s already made bids to attract semiconductor design companies and auto manufacturers. The kingdom has previously reportedly discussed setting up an AI investment fund with foreign venture capital firms. The neighbouring United Arab Emirates has made a similarly large bet on the technology, with its G42 holding firm building data centres and backing chip startups.
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