Saudi Aramco’s VC arm sets aside $100m for AI investments

Saudi Aramco’s VC arm sets aside $100m for AI investments

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Wa’ed Ventures, the $500 million venture capital arm of Saudi Arabia’s Aramco, announced a $100 million commitment to early-stage AI startups to support positioning the kingdom as a global AI hub, according to a statement on Sunday.

Edited by: Pramod Mathew