Saudi Arabia’s $100 Billion AI Takeover: The Death of Silicon Valley? | Fiscal Point - video Dailymotion

Fiscal Point

Is the center of the tech world shifting from California to Riyadh? In this exclusive report, Fiscal Point breaks down Saudi Arabia’s massive $100 Billion AI initiative: Project Transcendence. As of January 2026, the Saudi Public Investment Fund (PIF) is no longer just betting on oil. They are hiring Silicon Valley’s top engineers with $10 Million packages and partnering with Google Cloud to build a 'Sovereign AI' empire. Key Insights in this Video: Why Saudi Arabia is spending $100 Billion on AI infrastructure. The impact on Alphabet (Google) and its $4 Trillion market cap. How 'Project Transcendence' aims to bypass US tech regulations. The future of NEOM and AI-driven smart cities. Stay tuned to Fiscal Point for daily deep-dives into the world of high-stakes finance and technology."

Transcript

00:00Over Silicon Valley, there's a new AI superpower in town.

00:04Saudi Arabia has just launched Project Transcendence,

00:07a staggering $100 billion initiative to turn the kingdom into the world's leading AI hub by 2030.

00:14While US tech giants are struggling with regulations,

00:18Saudi Arabia is writing a blank check to own the future.

00:21Welcome to Fiscal Point.

00:22Today we decode the trillion dollar shift from oil to AI.

00:26Forget sports and real estate.

00:27Saudi Arabia's public investment fund, PIF, is now targeting the core of the digital economy.

00:34This week, reports confirmed a massive partnership with Google Cloud to build a global AI hub in the kingdom.

00:40This isn't just about data centers, it's about building a sovereign AI.

00:45Saudi Arabia is investing in everything from high-end NVIDIA Blackwell clusters

00:49to its own large language models like ACE-GPT.

00:53They aren't just buying AI, they are building a version that reflects the values and language of the Middle East.

01:00The timing is perfect.

01:01As Alphabet, Google, hits a $4 trillion market cap.

01:05Its alliance with Saudi Arabia gives it a massive advantage over open AI.

01:10Google is providing the models,

01:11while Saudi Arabia provides the infinite capital and the world's cheapest energy to run them.

01:17Silicon Valley investors like Andreessen Horowitz are already in Riyadh,

01:21looking to tap into this $100 billion fund.

01:24The center of gravity in tech is officially shifting from California to the desert.

01:29But can money buy innovation?

01:30Saudi Arabia is facing a massive talent gap.

01:33To solve this, they are offering $10 million plus to packages

01:36to top engineers from Meta and Google to relocate to Riyadh.

01:41They are also building smart cities like Neo-M,

01:44where AI will manage everything from transport to healthcare.

01:48If this works, Saudi Arabia becomes the AI landlord of the world.

01:52If it fails, it's the most expensive gamble in history.

01:56Saudi Arabia is no longer just an oil kingdom,

01:59it's an AI empire in the making.

02:01Do you think the US can keep its lead,

02:03or will Riyadh become the new capital of tech?

02:06Let us know in the comments.

02:08I'm for Fiscal Point.

02:09Subscribe for your daily dose of global finance and power shifts.

Saudi Arabia’s $100 Billion AI Takeover: The Death of Silicon Valley? | Fiscal Point

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