Saudi Launches $100B AI Giant ‘Alat’

AI Ambitions Unveiled

Saudi Arabia’s Crown Prince Mohammed bin Salman has launched ‘Alat’, a $100 billion AI and robotics company under the Public Investment Fund. ‘Alat’ aims to establish the kingdom as a global AI leader by focusing on advanced technologies and manufacturing.

Star-Studded Tech Conference

The launch coincides with a major conference in Riyadh attended by tech influencers including Elon Musk, Donald Trump, Sam Altman, and Mark Zuckerberg. The event signals Saudi Arabia’s deeper push into the global tech arena, aligning with its Vision 2030 economic strategy.