{"publisher":"Cicada (cicadaconsultancy.online)","license":"https://creativecommons.org/licenses/by/4.0/","attribution":"Cite as: Cicada (cicadaconsultancy.online)","docs":"https://cicadaconsultancy.online/llms.txt","item":{"id":"pif-40bn-ai-fund-report-2024","event_date":"2024-03-20","published":"2026-10-03","category":"investment","importance":2,"title":{"en":"Report: PIF in talks with a16z on a $40bn AI investment fund","ar":"تقرير: صندوق الاستثمارات العامة يبحث مع «أندريسن هورويتز» إنشاء صندوق للذكاء الاصطناعي بنحو 40 مليار دولار"},"summary":{"en":"On 19-20 March 2024 The New York Times reported that the Public Investment Fund (PIF) was in talks with Andreessen Horowitz and possibly other firms on a roughly $40 billion fund to invest in AI, with a16z and PIF Governor Yasir Al-Rumayyan discussing a Riyadh office. PIF's assets were cited at about $925 billion. The report relied on unnamed sources, and no official PIF confirmation of a fund of that structure has been published.","ar":"ذكرت «نيويورك تايمز» في 19-20 مارس 2024 أن صندوق الاستثمارات العامة يجري محادثات مع «أندريسن هورويتز» وربما شركات أخرى لإنشاء صندوق بنحو 40 مليار دولار للاستثمار في الذكاء الاصطناعي، وأن الشركة الأمريكية ومحافظ الصندوق ياسر الرميان ناقشا افتتاح مكتب في الرياض. وقُدّرت أصول الصندوق بنحو 925 مليار دولار. واستند التقرير إلى مصادر لم تُسمَّ، ولم يصدر عن صندوق الاستثمارات العامة تأكيد رسمي لوجود صندوق بهذه الصيغة."},"entities":["PIF","Andreessen Horowitz","Yasir Al-Rumayyan"],"figures":[{"label":"reported fund size","label_ar":"حجم الصندوق المُفاد عنه","value":40,"unit":"USD bn"}],"sources":[{"url":"https://www.cnbc.com/amp/2024/03/20/saudi-arabia-in-talks-with-andreessen-horowitz-to-create-ai-fund.html","publisher":"CNBC","title":"Saudi Arabia reportedly in talks with VC firms like Andreessen Horowitz to create mammoth $40 billion AI fund","published":"2024-03-20"},{"url":"https://www.arabnews.pk/node/2479666/business-economy","publisher":"Arab News Pakistan","title":"Saudi Arabia plans $40bn push into artificial intelligence, NYT reports","published":null}],"verification":"verified","urls":{"en":"https://cicadaconsultancy.online/en/news/pif-40bn-ai-fund-report-2024","ar":"https://cicadaconsultancy.online/ar/news/pif-40bn-ai-fund-report-2024","markdown_en":"https://cicadaconsultancy.online/en/news/pif-40bn-ai-fund-report-2024.md","markdown_ar":"https://cicadaconsultancy.online/ar/news/pif-40bn-ai-fund-report-2024.md"},"image":"https://cicadaconsultancy.online/images/articles/pif-40bn-ai-fund-report-2024.jpg"}}