computing magnet

Saudi Arabia ranks among top 10 in drawing private AI investors

The ranking in a World Bank report on 'The Promise of Artificial Intelligence' comes amid a surge in spending on AI data centers

Hu Guan/Xinhua via Getty Images

Visitors try out VR glasses at the 2022 Global AI Summit in Riyadh

Saudi Arabia’s growing AI industry attracted a bounty of private investment last year, placing it on the World Bank’s Top Ten list of the industry’s funding magnets. 

The ranking in a World Bank report on “The Promise of Artificial Intelligence” comes...