Saudi Arabia plans $40bn push into artificial intelligence, NYT reports

BENGALURU: Saudi Arabia’s government plans to create a fund of about $40 billion to invest in artificial intelligence, the New York Times reported on Tuesday, citing three people briefed on the plans, according to Reuters.

Representatives of Saudi Arabia’s Public Investment Fund have discussed a potential partnership with US venture capital firm Andreessen Horowitz and other financiers in recent weeks, the newspaper reported.