The "Saudi -Aramco" arm invests in an artificial intelligence business that is supported with 'phone'

The investment arm of the Saudi Aramco business pumped money into a emerging company specializing in the cloud computer work of artificial intelligence, supported by the Spanish giant telephone enterprise (Telheliea SA), in the framework of the company’s efforts to improve the kingdom’s position as a center of artificial intelligence in the region. According to the agreement, the UK, the UK, will establish a regional branch in Riyadh to develop talent and promote technologies in the local sector, according to a statement issued on Sunday. The financial details of the agreement were not unveiled. The “Dare Fitshers” fund, the $ 500 million investment arm of giant oil company “Aramco”, has been strengthening the investment in the field of artificial intelligence since last year, while Saudi Arabia has arranged time to establish data centers and infrastructure supporting its pursuit in this area. The fund has invested in companies, including South Korean disk manufacturer “Ribellions”, Aixplain, and allocated $ 100 million to invest in other startups. Also read: “Aramco” expands by investing in chips, artificial intelligence and space, “URI” was founded in 2019, and it provides cloud infrastructure specialized in artificial intelligence for the benefit of large companies. According to the statement, it is one of the first British companies using the “NVIA Corp” chips of “H200”. ‘URI’ recently closed a 140 million pound financing tour ($ 176 million) ($ 176 million), with the support of companies, including ‘phone’ and US Energy Company ‘Nexterare Energy Inc’, and according to the company planning to complete a ‘bigger financing round’.