'To the Future': Saudi Arabia Spends Big to Become an A.I. Superpower

Saudi Arabia created a 100 billion fund this year to invest in A.I. and other technology. It is in talks with Andreessen Horowitz, the Silicon Valley venture capital firm, and other investors to put an additional 40 billion into A.I. companies. In March, the government said it would invest 1 billion in a Silicon Valley-inspired start-up accelerator to lure A.I. entrepreneurs to the kingdom. The initiatives easily dwarf those of most major nation-state investments, like Britain's 100 million pledge for the Alan Turing Institute. The spending blitz stems from a generational effort outlined in 2016 by Crown Prince Mohammed bin Salman and known as "Vision 2030."