Sources: OpenAI talked to Saudi Arabia's PIF, India-based Reliance, and the UAE's MGX about investing in the next installment of its $40B round led by SoftBank
OpenAI has talked to Saudi Arabia's Public Investment Fund, Indian conglomerate Reliance Industries and existing shareholder …
Humain, Saudi Arabia's new state-owned AI company, says it is seeking investment from US tech companies and investors, and plans to launch a $10B VC fund
PIF-backed Humain courts US tech investors and plans $10bn venture fund — Andrew England and Ahmed Al Omran in Riyadh
Filing: Saudi Arabia's PIF sold ~17.3M Nintendo shares from August 21 to October 1, lowering its stake to 7.54%; on September 26, an exec said PIF may buy more
- PIF had cut stake in games company over six weeks on market — Wealth fund presented itself as long-term investor in content
UK filings: since 2023, Saudi Arabia's PIF has put $750M into Magic Leap, including $160M so far in 2024; Magic Leap says it needs to raise more by next month
Mark Bergen / Bloomberg :
Saudi Arabia's PIF reports a $15.6B loss in 2022 after its Vision Fund and tech investments plunged; assets under management grew to $595.5B thanks to Aramco
- Softbank's fund saw a record loss of $32 billion in 2022 — Current estimates place the PIF's assets at $777 billion
South Korean social media giant's Kakao Entertainment, which offers apps for animated shows and novels, raised $930M from Saudi Arabia's PIF and Singapore's GIC
Bloomberg :
Babylon Health raises $550M Series C at $2B+ valuation from Saudi Arabia's PIF, Kinnevik, and others to expand its AI-based health services to the US and Asia
Babylon Health, the UK-based startup that has developed a number of AI-based health services, including a chatbot used …
Benchmark made billions on an early-stage Uber investment, but it isn't clear if late-stage investors like SoftBank or Saudi Arabia's PIF made serious profit
We've known practically since Uber started dispatching rides that one day it would make a lot of people very rich.
A look at how Saudi Arabia's sovereign wealth fund, valued at $225B, is shifting focus to tech-related bets, like Uber and an expanded stake in Tesla
Talks with Tesla show how crown prince's sovereign-wealth fund has become a global player, but some worry about impulsive, risky bets Tweets: @summer_said , @pwonacott , and @jasonzweigwsj Tweets: Sum...