Saudi Arabia Announces $14.90 billion Investment in AI, Cloud Computing and Emerging Technologies
Saudi Arabia announced that it will invest $14.90 billion in AI, cloud computing and emerging technologies. The country has partnered with global tech giants, including Google, Lenovo, Alibaba, and others. Saudi oil company Aramco is also promoting AI-powered cloud computing partnerships. Investment projects also include Lenovo building a $200 million AI and robotics manufacturing facility in Saudi Arabia. Several tech companies also plan to increase investment in localized AI innovation to enhance technological capabilities in the region.
According to reports, the partners plan to use Tether's USDT to streamline property transactions.