Singapore is aiming to position itself as Southeast Asia's leading AI hub with a significant investment of $1 billion. Concurrently, the city-state's developer community is witnessing a rapid expansion, now boasting over 1 million developers on GitHub, marking it as the fastest-growing in the Asia-Pacific region. In parallel developments, Saudi Arabia's sovereign wealth fund has announced plans to acquire a stake in Binladin, the nation's largest construction conglomerate. Additionally, the fund intends to escalate its annual capital deployment from the current range of $40B to $50B to $70 billion a year post-2025. This move aligns with Saudi Arabia's aspirations to also become a hub for artificial intelligence.
Saudi sovereign wealth fund pitches kingdom as AI hub https://t.co/hvN8hQIHbL https://t.co/2aurWsOWJU
Saudi Arabia’s 🇸🇦 sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025. The PIF currently puts $40B to $50B of capital to work on an annual basis, and that’s set to increase after 2025 - Bloomberg
Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025 https://t.co/DFOIdYDIEt
Saudi Arabia’s sovereign wealth fund plans to buy a stake in Binladin, the kingdom's biggest construction conglomerate https://t.co/sA9hJPRzhi
📈 Singapore's developer community experiences rapid growth, becoming the fastest in Asia-Pacific with over 1 million developers on GitHub. discover more: https://t.co/nJgXkBxcMe
Singapore eyes to become Southeast Asia's AI hub with $1 billion investment https://t.co/jD64wcYbfr