March 26, 2024

Saudi Arabia reportedly in talks with VC firms like Andreessen Horowitz to create mammoth $40 billion AI fund

Saudi Arabia’s PIF has been on a buying spree as it seeks to diversify the kingdom’s revenues away from oil.
Andreessen Horowitz, with $35 billion in assets under management, has backed successful companies including AirBnB, Coinbase, Facebook and Slack, and has nearly 100 AI-related startups in its portfolio.

https://www.cnbc.com/2024/03/20/saudi-arabia-in-talks-with-andreessen-horowitz-to-create-ai-fund.html

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