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Market
Will Wa’ed Ventures make a $10M+ AI investment by June 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Wa’ed Ventures or Saudi Aramco press releases
Story
Saudi Aramco's Wa’ed Ventures Allocates $100 Million for AI Investments, Taps Ex-Meta and Amazon Talent
Oct 27, 2024, 07:41 AM
Saudi Aramco's venture arm, Wa’ed Ventures, has allocated $100 million for investments in artificial intelligence (AI), as the kingdom seeks to become a regional tech powerhouse. Wa’ed has appointed former employees from Meta and Amazon to explore potential deals. The venture firm has already invested millions in AI startups this year, reflecting Saudi Arabia's commitment to advance its technological capabilities and diversify its economy beyond oil.
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Similar markets
Yes • 50%
No • 50%
Middle East • 25%
North America • 25%
Europe • 25%
Asia • 25%
Achieves unicorn status • 25%
Secures a major partnership • 25%
Launches a breakthrough AI product • 25%
Other milestone • 25%
Machine Learning • 25%
Natural Language Processing • 25%
Computer Vision • 25%
Other • 25%
