venture capital fund

Saudi Arabia is planning to set up a $40 billion (currently about Rs. 288 billion) venture capital fund for AI startups, according to the New York Times. According to multiple sources, the Gulf nation, which is sitting on a huge oil fortune, is looking to back a range of AI tech startups, from chip design to data centers. Representatives of the country have even said that Saudi Arabia is considering starting its own AI company. Pexels Specifically, the Saudis are working with top Silicon Valley venture capital firm Andreessen Horowitz...