Saudi Arabia plans a $40bn AI fund, partnering with Andreessen Horowitz, aiming to become the largest AI investor.

Saudi Arabia plans to create a $40 billion fund for artificial intelligence investments, according to reports by the New York Times, citing three sources familiar with the plans. Saudi Arabia's Public Investment Fund (PIF) has discussed a potential partnership with US venture capital firm Andreessen Horowitz and other financiers for the proposed AI fund. If the fund is established, it could make Saudi Arabia the largest investor in the AI space.