AIFortune4 days ago
Gulf states bet big on AI investments
4 min read
Gulf sovereign wealth funds, including Saudi's PIF and Abu Dhabi's Mubadala, invested heavily in SoftBank's $93 billion Vision Fund 1 in 2017. Now PIF-backed HUMAIN invested $3 billion into xAI's $20 billion Series. Funds stand to reap windfalls as stakeholders in SpaceX's $1.77 trillion listing.
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