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Middle Eastern funds are plowing billions of dollars into hottest AI start-ups
Oil-rich nations are turning from oil to artificial intelligence to diversify their economies.
The most notable case in recent years was the alleged killing of Washington Post journalist Jamal Khashoggi in 2018, an event that triggered international backlash in the business community. Jared Cohen of Goldman Sachs Global Institute said there's a disproportionate amount of capital coming from nations like Saudi Arabia and UAE, and a willingness to deploy it around the world. Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to technology investments as a hedge.
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