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- 📝 Saudi's aim to own AI with new fund
📝 Saudi's aim to own AI with new fund
Liam Gill
March 21, 2024
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Saudi Arabia is exploring new avenues to diversify its economy beyond the traditional oil sector and is in discussions with the American venture capital giant Andreessen Horowitz to establish a $40 billion artificial intelligence investment fund. This partnership aims to blend the Saudi sovereign wealth fund's expansive investment strategy, which includes significant stakes in global entities like Uber and Bank of America, with Andreessen Horowitz's robust portfolio of tech investments, including prominent names like Facebook and Airbnb. Andreessen Horowitz, with $35 billion under management and a keen focus on AI startups, could play a pivotal role in Saudi Arabia's diversification efforts, though the specifics of the partnership are yet to be ironed out.
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Just found an old note from myself 12 years ago.
I talked about my $10,000 per month income goal.
Reading it got me pretty choked up.
All this to say, no matter where you’re at in your journey.
You’ve just gotta believe with all your fucking heart that you’re gonna make it.
— Alex Hormozi (@AlexHormozi)
9:53 PM • Mar 20, 2024
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