"Saudi Arabia Backs Chinese Rival to OpenAI"

1 min read
Source: Business Insider
"Saudi Arabia Backs Chinese Rival to OpenAI"
Photo: Business Insider
TL;DR Summary

Saudi Arabia's Prosperity7 fund, part of state-owned Saudi Aramco, has become the sole foreign investor in Chinese AI startup Zhipu AI, which aims to rival OpenAI. This move comes amid US restrictions on China's AI development and reflects Saudi Arabia's interest in preventing US dominance in the AI sector.

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