Business & Economy · 2 views
Saudi fires up Gulf AI race with $15 billion tech deals at LEAP
In this week’s Fortune Gulf Brief.
Story Brief
LEAP, Saudi’s biggest tech conference, kicked off on Monday with $15 billion worth of planned technology investments and strategic commitments being unveiled, helping make up for lost time after the event was delayed by four months due to the Iran war. San Francisco-based AI cloud platform Together AI signed an agreement with Saudi-backed HUMAIN to build a 250 Megawatt (MW) AI data center in the kingdom . It is expected to yield over $5 billion in gross annualized revenue in its first year.
Read full article on FortuneAI summaries can be wrong sometimes—always verify important details using the source article.
How AI & Automation are usedMore from Business & Economy
Continue reading recent Business & Economy coverage
- Chevron Expansion in Venezuela Extends U.S. Influence Over Oil RichesContinue reading
- Chevron outlines $7 billion plan to expand in VenezuelaContinue reading
- Fed’s Goolsbee says AI is ‘not far’ from overheating the economyContinue reading
- ‘Neither of us attended college’: At 62, how can we afford to put our granddaughter through college?Continue reading
Support HappeningNow
Independent AI-powered news analysis is reader-supported. Your contribution helps cover infrastructure, summaries, and continued platform development.
Support HappeningNow