Saudi Arabia’s energy giant Aramco is best known for its energy investments, but the company is also busy diversifying across industries. Right now, Aramco is building a presence in artificial intelligence development via its venture capital division, eyeing not just returns but possibly nurturing a local AI industry in Saudi Arabia. Aramco Ventures has $7.5 billion in assets under management and is putting a lot of that into “deep technology startups” founded on “solid science and engineering”, according to the venture…
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