Saudi Arabia Is Investing Billions In AI. But Some Founders Are Still Waiting To Get Paid

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Saudi Arabia's government is trying to transform its capital city of Riyadh into an AI hub.

When Saudi communications minister Abdullah Al Swaha took the stage of the Leap tech conference in Riyadh in March to boast of the kingdom’s tech ambitions, a centerpiece of the pitch was an accelerator intended to create 300 new artificial intelligence startups in just three years.

“Last year, we announced the largest generative AI accelerator Gaia and this year in partnership with you we have decided to take it to a billion dollars under the sponsorship of his royal highness,” he said in the speech.

https://www.forbes.com/saudi-arabia-promised-ai

 

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