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What will be the primary focus of Wa’ed's AI investments by end of 2025?
2
Resolution / Starting Odds
Machine Learning • 25%
Natural Language Processing • 25%
Computer Vision • 25%
Other • 25%
Official announcements from Saudi Aramco or Wa’ed, credible tech news sources
Story
Saudi Aramco's Wa’ed Allocates $100 Million for AI Investments, Hiring Ex-Meta and Amazon Employees
Oct 27, 2024, 09:05 AM
Saudi Aramco's venture arm, Wa’ed, has allocated $100 million for investments in artificial intelligence startups. This initiative is part of Saudi Arabia's broader strategy to enhance its competitive position in the global AI landscape. The venture firm has already invested millions in AI projects this year and has appointed former employees from Meta and Amazon to identify and explore potential deals in this sector. This move underscores the kingdom's ambition to establish itself as a regional technology powerhouse.
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Middle East • 25%
North America • 25%
Europe • 25%
Asia • 25%
Machine Learning • 25%
Natural Language Processing • 25%
Computer Vision • 25%
Robotics • 25%
Healthcare • 25%
Finance • 25%
Transportation • 25%
Retail • 25%
1-3 • 25%
4-6 • 25%
7-9 • 25%
10 or more • 25%
Achieves unicorn status • 25%
Secures a major partnership • 25%
Launches a breakthrough AI product • 25%
Other milestone • 25%
Middle East • 25%
North America • 25%
Europe • 25%
Asia • 25%
Data Centers • 25%
Energy Projects • 25%
AI Research and Development • 25%
Other • 25%