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Cik Syed, why Saudi like that hah?
- Thread starter k1976
- Start date
Saudi Arabia’s $100 Billion AI Fund Will Divest China If US Asks
- The $100 billion Saudi investment fund says US is top partner
- Alat will announce two US company partnerships by end of June
By Marion Halftermeyer and Mackenzie Hawkins
May 8, 2024 at 7:52 AM GMT+8
The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.
“So far the requests have been to keep manufacturing and supply chains completely separate, but if the partnerships with China would become a problem for the US, we will divest,” said Amit Midha, the chief executive officer of Alat, an investment firm backed by $100 billion in capital from the Public Investment Fund.
https://www.bloomberg.com/news/arti...founder-warns-of-turmoil-from-the-shift-to-ai
What does it mean sia?
What does it mean sia?
The AI Race:
Why AI Is So ExpensiveDOJ ScrutinyAI WarfareStartups to WatchAI Unlocks Ancient Secrets
Technology
Forrest Li Photographer: Ore Huiying/Bloomberg
By Olivia Poh
May 8, 2024 at 12:00 PM GMT+8
Sea Ltd. founder Forrest Li warned of a difficult transition to AI in coming years, but stopped short of outlining the Southeast Asian e-commerce leader’s plans for developing artificial intelligence tools.
Li talked about the transformative technology, comparing it to the PC and mobile revolution the industry has navigated. Now AI could be a bigger challenge than those, the 45-year-old founder said in a staff memo released on the 15th anniversary of Sea’s founding.
But he emphasized that the company was in a better position financially than in the previous decade.
Why AI Is So ExpensiveDOJ ScrutinyAI WarfareStartups to WatchAI Unlocks Ancient Secrets
Technology
Billionaire Sea Founder Warns of Turmoil From the Shift to AI
- Operator of Shopee faces fierce competition in Southeast Asia
- Stock nears a one-year high as rising demand boosts margins
Forrest Li Photographer: Ore Huiying/Bloomberg
By Olivia Poh
May 8, 2024 at 12:00 PM GMT+8
Sea Ltd. founder Forrest Li warned of a difficult transition to AI in coming years, but stopped short of outlining the Southeast Asian e-commerce leader’s plans for developing artificial intelligence tools.
Li talked about the transformative technology, comparing it to the PC and mobile revolution the industry has navigated. Now AI could be a bigger challenge than those, the 45-year-old founder said in a staff memo released on the 15th anniversary of Sea’s founding.
But he emphasized that the company was in a better position financially than in the previous decade.
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