⚙🔗 Saudi Arabia Invests $14.9 Billion in AI The authorities of Saudi Arabia have announced an investment of $14.9 billion in the development of artificial intelligence and cloud computing. The project involves leading global companies, including Google Cloud, Lenovo, Alibaba Cloud, Qualcomm, Groq, and Salesforce. Saudi Aramco's Executive Vice President for Technology and Innovation, Ahmad Al-Khowaiter, emphasized that strategic partnerships are essential for scaling the country's AI sector. 🏗 Saudi Aramco has signed a $1.5 billion deal with Groq to develop cloud computing, while Alat and Lenovo will invest $2 billion in building an AI-focused facility in Riyadh. Additionally, Google, Qualcomm, and Alibaba Cloud will launch their AI initiatives, while Salesforce, Databricks, Tencent Cloud, and SambaNova will contribute another $1.09 billion to the country’s tech infrastructure. 💰 Earlier reports indicated that Saudi Arabia is preparing to establish a $40 billion fund to invest in AI in partnership with venture firm Andreessen Horowitz. This move highlights the country’s ambitious plans to advance cutting-edge technologies and position itself as a key player in the global AI industry. 🚀 💡Do you need fast and reliable exchanges? Welcome to 👉 https://mine.exchange/en