It has been reported that Saudi Arabia plans to launch a new artificial intelligence project called "Project Transcendence," with a total investment of up to $100 billion. This move aims to transform Saudi Arabia into a globally competitive tech hub, striving to match the technological development levels of the United Arab Emirates.
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The project will be driven by state-supported entities, focusing on investments in data centers, startups, and other related infrastructure to promote the vigorous development of artificial intelligence. Saudi Arabia hopes to attract global talent through this plan, enhance the domestic tech ecosystem, and encourage tech companies to invest and develop in Saudi Arabia.
Insiders reveal that the concept of "Project Transcendence" is similar to the sustainable manufacturing-focused fund Alat, which is supported by the Saudi Public Investment Fund. Crown Prince Mohammed bin Salman will serve as the chairman of the project and seek to collaborate with major international corporations for investment. This indicates that Saudi Arabia not only aims to promote its own technological progress but is also actively seeking cooperation with international tech giants to enhance its influence in the tech sector.
As global attention to intelligent technology deepens, Saudi Arabia's investment plan is seen as a significant response to this trend. In the future, investments in artificial intelligence by Saudi Arabia will not be limited to infrastructure but will also include attracting and cultivating tech talent, thereby establishing a healthy tech industry ecosystem.
Key Points:
🌟 Saudi Arabia plans to invest $100 billion in "Project Transcendence," aiming to build a globally competitive AI tech hub.
🤝 The project will focus on infrastructure such as data centers and startups, attracting global tech talent and companies.
🌍 This move by Saudi Arabia is seen as a significant strategy in response to the global trend of AI development, potentially reshaping the tech landscape in the Middle East.