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Saudi Aramco’s Wa’ed Allocates $100 Million for AI Investments

Oct 27, 2024, 12:45 PM

Saudi Aramco’s venture arm has earmarked $100 million to invest in artificial intelligence startups. This move is part of Saudi Arabia's broader strategy to become a regional tech powerhouse and a competitive force in global AI. Wa’ed, the venture arm, has appointed former employees from Meta and Amazon to explore potential deals. The venture firm has already spent millions on AI investments this year.

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Will Wa’ed invest in a unicorn AI startup by the end of 2025?

Saudi Aramco•Saudi Arabia•Meta•Amazon

Resolution / Starting Odds

Yes • 50%

No • 50%

Valuation reports, announcements from the startup or Wa’ed, credible business news outlets

Will Wa’ed invest the entire $100 million in AI startups by the end of 2025?

Saudi Aramco•Saudi Arabia•Meta•Amazon

Resolution / Starting Odds

No • 50%

Yes • 50%

Official announcements from Wa’ed or Saudi Aramco, financial reports, or credible business news outlets

Will Wa’ed partner with a major tech company for AI by mid-2025?

Saudi Aramco•Saudi Arabia•Meta•Amazon

Resolution / Starting Odds

No • 50%

Yes • 50%

Official partnership announcements from Wa’ed, Saudi Aramco, or the tech company, credible business news outlets

What will be the first major milestone for a Wa’ed-backed AI startup by the end of 2025?

Saudi Aramco•Saudi Arabia•Meta•Amazon

Resolution / Starting Odds

Launches a breakthrough AI product • 25%

Other milestone • 25%

Achieves unicorn status • 25%

Secures a major partnership • 25%

Announcements from the startups, Wa’ed, or credible business news outlets

Where will Wa’ed make its largest AI investment by mid-2025?

Saudi Aramco•Saudi Arabia•Meta•Amazon

Resolution / Starting Odds

Middle East • 25%

Asia • 25%

Europe • 25%

North America • 25%

Investment announcements from Wa’ed or Saudi Aramco, credible business news outlets

Which AI technology will Wa’ed focus most on by the end of 2025?

Saudi Aramco•Saudi Arabia•Meta•Amazon

Resolution / Starting Odds

Robotics • 25%

Machine Learning • 25%

Natural Language Processing • 25%

Computer Vision • 25%

Investment announcements from Wa’ed, Saudi Aramco, or credible business news outlets