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Andreessen HorowitZ is a private venture capital firm, headquartered in California, with the US company looking to open an office in Riyadh, the report noted.
Other venture capitalists may participate in the Kingdom’s AI fund, which is expected to commence in the second half of 2024, the newspaper said.
Saudi indicated that it is interested in supporting a variety of tech start-ups associated with AI, including large-scale data centres.
PIF’s Al-Rumayyan is supporting Saudi Arabia to become a potential hub for AI outside the US.
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