Middle Eastern Sovereign AI Funding
This is a Saudi Arabia news story, published by CNBC, that relates primarily to AI news.
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new AI fundCNBC
•Middle Eastern funds are plowing billions of dollars into hottest AI start-ups
86% Informative
Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley's artificial intelligence darlings.
Oil-rich nations like Saudi Arabia , United Arab Emirates , Kuwait and Qatar have been looking to diversify their economies.
In the past year , funding for AI companies by Middle-Eastern sovereigns has increased fivefold.
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