---
title: "Report: PIF in talks with a16z on a $40bn AI investment fund"
url: "https://cicadaconsultancy.online/en/news/pif-40bn-ai-fund-report-2024"
language: "en"
event_date: "2024-03-20"
published: "2026-10-03"
last_verified: "2026-10-03"
category: "Investment"
publisher: "Cicada (cicadaconsultancy.online)"
license: "CC BY 4.0"
---

# Report: PIF in talks with a16z on a $40bn AI investment fund

- Event date: 20 March 2024 (2024-03-20)
- Topic: Investment
- In this story: PIF, Andreessen Horowitz, Yasir Al-Rumayyan
- URL: https://cicadaconsultancy.online/en/news/pif-40bn-ai-fund-report-2024

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.

## Key figures

- reported fund size: $40 bn

## Sources

1. [Saudi Arabia reportedly in talks with VC firms like Andreessen Horowitz to create mammoth $40 billion AI fund](https://www.cnbc.com/amp/2024/03/20/saudi-arabia-in-talks-with-andreessen-horowitz-to-create-ai-fund.html) — CNBC, 2024-03-20
2. [Saudi Arabia plans $40bn push into artificial intelligence, NYT reports](https://www.arabnews.pk/node/2479666/business-economy) — Arab News Pakistan

Archive report. Written in 2026 from contemporary sources and dated to the day the event happened.

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Cicada · The signal in Saudi AI.
License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) · Full archive for language models: https://cicadaconsultancy.online/llms-full.txt