00:00It's Benzinga and here's what's on the block.
00:03Middle Eastern sovereign wealth funds are increasing investments in Silicon Valley's
00:07AI sector.
00:08Nations like Saudi Arabia, UAE, and Qatar are using tech investments to diversify their
00:13economies with AI funding up five-fold in the past year.
00:17UAE's MGX fund is participating in OpenAI's latest fundraising round and has partnered
00:22with BlackRock and Microsoft to support AI infrastructure.
00:25Saudi Arabia's PIF is collaborating with Andreessen Horowitz on a major AI partnership.
00:31The Gulf Corporation Council's total wealth is set to rise by $800 billion by 2026.
00:36For all things money, visit Benzinga.com.
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