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Saudi Arabia created a $100 billion fund this year to invest in AI and other technology. It is in talks with Andreessen Horowitz, a Silicon Valley venture capital firm, and other investors to put an additional $40 billion into AI companies. In March the government said it would invest $1 billion in a Silicon Valley-inspired startup accelerator to lure AI entrepreneurs to the kingdom. The initiatives easily dwarf those of most major nation-state investments.
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