Saudi Arabia announces $14.9 billion investment in AI, cloud computing and emerging technologies

Saudi Arabia has announced a $14.9 billion investment in AI, cloud computing, and emerging technologies. The country is partnering with global tech giants including Google, Lenovo, Alibaba, and others. Saudi Arabian Oil Company (Aramco) is also promoting AI-powered cloud computing collaborations. Investment projects also include Lenovo's $200 million AI and robotics manufacturing facility in Saudi Arabia. Multiple tech companies also plan to increase localized AI innovation investment to enhance the region's technological capabilities. It is reported that the partners plan to use Tether's USDT to simplify asset transactions.