Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks
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BING NEWS:
- 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 - Saudi Aramco’s Venture Fund Prosperity7 Participates in Zhipu AI’s $400 Million Investment Round
Saudi Aramco's venture capital arm, Prosperity7, has joined a $400 million investment round in Chinese AI startup Zhipu AI, according to two sources familiar with the matter, media reported on Friday.
05/31/2024 - 3:47 am | View Link - Saudi Arabia builds bet on Asia tech with $2 billion Lenovo deal
Lenovo Group Ltd. plans to sell $2 billion worth of zero-coupon convertible bonds to Saudi Arabia’s sovereign wealth fund, part of a broader strategic pact with the tech-hungry kingdom.Most Read from ...
05/29/2024 - 3:55 am | View Link - China’s Third Big Fund Aims for Semiconductor Self-Sufficiency with $47.5 Billion Investment
China has established its third state-backed investment fund to bolster its semiconductor industry, committing 344 billion yuan ($47.5 billion) in an effort to achieve technological self-sufficiency.
05/28/2024 - 3:08 pm | View Link - Xi Hosts Arab Leaders as China-Mideast Ties Widen Beyond Trade
President Xi Jinping will meet Arab leaders this week seeking deeper ties in a region where China does plenty of business — and increasingly diplomacy, too.Most Read from BloombergWall Street Returns ...
05/28/2024 - 6:00 am | View Link - More
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