Sources: Snap is in talks with investors, including Saudi Arabia's Public Investment Fund, to raise at least $1B for its AR glasses division
New details on Evan Spiegel's quest to win the AR race. Also: this week on ACCESS. — ∙ Paid — Snap is in talks to raise at least … X: @alexeheath . LinkedIn: Alex Heath X: Alex Heath / @alexeheat...
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
Together AI, which provides users access to AI computing, raised $305M co-led by General Catalyst and Saudi Arabia's Prosperity7 at a $3.3B valuation
Paayal Zaveri / Bloomberg :
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 :
Sources: Saudi Arabia's Prosperity7 participated in a ~$400M round in Zhipu AI at a ~$3B valuation, making it the only foreign investor in Chinese generative AI
Aramco's Prosperity7 takes part in investment round for start-up Zhipu AI — A Saudi Arabian fund has backed China's …
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at an $18B pre-money valuation
xAI is pleased to announce our series B funding round of $6 billion. — xAI is pleased to announce...
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at a pre-money valuation of $18B
xAI is pleased to announce our series B funding round of $6 billion. — xAI is pleased to announce...
Sources: Saudi Arabia's Public Investment Fund discussed a potential partnership with a16z and others to create a fund of about $40B to invest in AI in H2 2024
New York Times :