Similar Stories to “to The Future”: Saudi Arabia Spends Big To Become An Ai Superpower on Bing News

RIYADH, Saudi Arabia — On a Monday morning last month, tech executives, engineers and sales representatives from Amazon, Google, TikTok and other companies endured a three-hour traffic jam as their cars crawled toward a mammoth conference at an event space in the desert, 50 miles outside Riyadh, Saudi Arabia. The lure: billions of dollars in Saudi money as the kingdom seeks to build a tech industry to complement its oil dominance. To bypass the congestion, frustrated eventgoers drove onto the highway shoulder, kicking up plumes of desert sand as they sped past those following traffic rules.

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BING NEWS:
  • Saudi fund bets big on China’s Zhipu AI
    Alibaba and Tencent jointly invest in state-backed AI startup ZhipuAI Credit: ZhipuAI Prosperity7, the capital fund of Saudi Aramco, has invested in China’s GenAI startup Zhipu AI in the latest $400 ...
    06/3/2024 - 1:00 pm | View Link
  • Saudi Arabia Reportedly Backs Chinese AI Startup
    Saudi Arabia has reportedly funded Microsoft Corp backed OpenAI’s rival in China, Zhipu AI.[1] Read More: Saudi Arabia Plans Aramco Shares Sale The Financial Times revealed that Prosperity7, an arm of ...
    06/2/2024 - 2:34 am | View Link
  • US reportedly slows AI chip exports to Mideast as Saudi Arabia turns to China
    Washington has further restricted imports of critical components for AI systems to certain countries, including some undisclosed ones in the Middle East.
    05/31/2024 - 8:46 am | View Link
  • OpenAI Competitor Zhipu AI Secures $400M from Saudi Arabia's Prosperity7
    Microsoft-backed OpenAI rival in China attracts $400M investment from Saudi's Prosperity7, underscoring geopolitical implications and challenges for US tech companies.
    05/31/2024 - 3:11 am | View Link
  • Elon Musk's xAI says it just raised $6 billion in funding, pulling in big bucks from Sequoia Capital and Saudi Arabia
    Musk said in an X post that the AI startup's pre-money valuation was $18 billion.
    05/26/2024 - 9:03 pm | View Link
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