Saudi Arabia’s Public Investment Fund (PIF) has recently been indulging in substantial acquisitions, aiming to shift the kingdom’s economic reliance away from petroleum. Among the firms rumored to be in discussions with the PIF is Andreessen Horowitz, a prominent investment entity which manages in excess of $35 billion in assets. The firm’s esteemed portfolio includes influential names like AirBnB, Coinbase, Facebook, Slack, and nearly 100 ventures revolving around Artificial Intelligence.
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