In a recent development, Yasir Al-Rumayyan, the head of Saudi Arabia’s Public Investment Fund (PIF), is positioning Mohammed bin Salman‘s kingdom as a potential hub for artificial intelligence (AI) activities outside the U.S. What Happened: Al-Rumayyan made this announcement at an investment event in Miami, sponsored by the sovereign wealth fund, reported Reuters on Thursday. He highlighted the kingdom’s energy resources and funding capabilities as key factors contributing to this potential. “We are fairly well positioned to be an AI hub outside of the U.S.,” he said. “AI will consume a lot of…
