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Market
What will be the first major milestone for a Wa’ed-backed AI startup by the end of 2025?
2
Resolution / Starting Odds
Achieves unicorn status • 25%
Secures a major partnership • 25%
Launches a breakthrough AI product • 25%
Other milestone • 25%
Announcements from the startups, Wa’ed, or credible business news outlets
Story
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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4-6 • 25%
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