Saudi Arabia’s $100 Billion AI and Semiconductor Fund Signals Willingness to Divest from China at US Request

With substantial financial backing from Saudi Arabia’s Public Investment Fund, totaling a staggering $100 billion, Alat is positioned as a key player in the rapidly evolving landscape of artificial intelligence (AI) and semiconductor technology. Midha’s assurance that Alat would swiftly disengage from its partnerships in Beijing if they were deemed detrimental to US interests reflects the delicate balance between global economic interests and geopolitical considerations.

The backdrop for this decision lies in ongoing discussions between the US and Saudi Arabia to mitigate the risk of inadvertently strengthening China’s technological capabilities through Saudi investments in AI. As tensions between the US and China escalate, Washington perceives Beijing’s advancements in AI and semiconductors as potential national security threats, prompting closer scrutiny of international partnerships and investments in these sectors.

www.msn.com/en-us/money/markets/saudi-arabia-s-100-billion-ai-and-semiconductor-fund-signals-willingness-to-divest-from-china-at-us-request/ar-BB1m4Rnb?ocid=msedgntp&pc=U531&cvid=9c2e03122ae24f8685fa6f2cb24cfaba&ei=55