Saudi Arabia’s $100B Investment

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NEWS UPDATES

Saudi Arabia’s $100B Investment

Saudi Arabia is planning a major new AI project that could receive up to $100 billion in funding. the project, called "Project Transcendence", will invest in data centers, startups, and other infrastructure to advance AI capabilities in the kingdom.

→ More details about their plans

Investment — On One Condition

Anthropic is in talks with Amazon to receive a new multi-billion dollar investment. The new investment deal has a twist - Amazon wants Anthropic to use Amazon's own internally developed silicon chips and host the training of Anthropic's AI models on Amazon Web Services

→ More details about the investment

Perplexity’s Fundraising

Perplexity AI is close to getting $500 million in new funding. This could make the company worth $9 billion. The company has previously raised over $500 million, including a $73.6 million Series B round in 2024.

→ More details about Perplexity’s Fundraising

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