Saudi Arabia Redirects Funds from Neom to AI Ventures with Nvidia and Amazon
TL;DR Summary
Saudi Arabia is shifting its focus from the Neom city project to AI and high-tech investments, backing a new company called HUMAIN with plans to invest $10 billion in startups globally and signing deals with major tech firms like Nvidia and Amazon, as part of a broader strategy to diversify its economy away from oil reliance amid falling oil prices.
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