Tag: saudi
Saudi Arabia’s Savvy Games To Acquire Gaming Company Scopely For $4.9 Billion
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Market Extra: Oil prices soar after Saudi Arabia leads coordinated OPEC+ cuts totaling more than 1 million barrels a day
Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains
Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains. According to Bloomberg, Marc Andreessen and Ben Horowitz appeared on stage with WeWork co-founder Adam Neumann to talk for at least the second time since November about their firm’s $350 million investment in Flow, which is Neumann’s new residential real estate company. […]
Andreessen Horowitz is now openly courting capital from Saudi Arabia, despite U.S. strains by Connie Loizos originally published on TechCrunch
AST SpaceMobile signs MoU with Saudi Telcom at MWC
Breaking the Mold, Building the Future: Women in Tech Take the LEAP in Saudi Arabia
Saudi Arabia has been promoting gender diversity in the tech industry in an inspiring manner. The strides made in this…
The post Breaking the Mold, Building the Future: Women in Tech Take the LEAP in Saudi Arabia appeared first on TechRound.
Saudi Arabia sovereign fund ups stake in Lucid Group, trims position in Farfetch in Q4
Saudi Arabia Is Trying To Pivot From Big Oil To Big Tech
“The investments… will enhance the kingdom of Saudi Arabia’s position as the largest digital market in the Middle East and North Africa,” Alswaha said at LEAP, as quoted by Reuters. While the timeline of these investments is not clear, Oracle told Reuters that its funds will be distributed over several years. Alswaha is tempting these companies with government contracts, and while details are scant, it’s likely that Saudi Arabia is giving them prime real estate for a low cost to build their cloud computing centers in Riyadh. “The investments are a part of Saudi Arabia’s planned pivot away from oil and toward tech, which the country is calling Vision 2030,” adds Gizmodo. “That pivot is already underway as Tonomus, a subsidiary of Saudi Arabia’s own architecture, engineering, and sustainability amalgamation called NEOM made a $1 billion investment in artificial intelligence and the metaverse.”
One of the three areas of Neom that has been officially announced and underway is The Line, “a linear city with Utopian vistas straight out of a Hollywood movie,” reported CNBC last October. “Composed of two parallel skyscrapers that cut right through the desert for 170 kilometers from the coast to the mountains, The Line will be 200 meters wide and soar to a height of 500 meters (higher than most of the world’s towers) — and for an added surreal touch, will be encased on all sides with gigantic mirrors.”
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Japan’s Terra Drone gets $14M lift from Saudi investors
Terra Drone said today it has raised $14 million in Series C funding from Wa’ed Ventures, the venture capital arm of Saudi Aramco, marking the VC firm’s first investment in Asia. The Japan-headquartered company, which builds drone software, hardware and uncrewed aircraft traffic management software, said the new capital brings its total raised to $97 […]
Japan’s Terra Drone gets $14M lift from Saudi investors by Kate Park originally published on TechCrunch