- Saudi Arabia intends to allocate up to $100 billion for the project - The authorities are creating an AI center to compete with the UAE - The center will deal with investments for data centers, startups, etc. - The authorities' new project is called Project Transcendence - It should also help attract new IT professionals and others - The project will be able to stimulate investments for the country's market - The structure of Project Transcendence will be similar to the Alat fund - It is expected that the AI center will be created by the state fund and Google - The companies plan to invest $5-10 billion in the partnership - They will also create an LLM in Arabic, among others - Project Transcendence should be a competitor to G42