Saudi Arabia is planning to launch an innovative AI initiative called "Project Transcendence" with a significant investment of up to $100 billion. The aim of this ambitious project is to establish a technological hub that can rival the growing tech landscape of the United Arab Emirates.
The initiative, which is supported by the state, will focus on developing crucial infrastructure such as data centers and support for startups, in order to create a strong AI ecosystem within the country. It will also prioritize the recruitment of talented individuals and encourage tech companies to invest in Saudi Arabia, thereby enhancing the local technological landscape.
According to sources familiar with the plans, this move is part of a broader strategy to position Saudi Arabia as a leader in the AI sector, demonstrating the country's commitment to diversifying its economy and investing in future technologies.