Saudi Arabia wants to use its oil billions to become an AI power player

Saudi Arabia’s $930 billion sovereign wealth fund made the move for the kingdom to become a major host of AI data centers at the kingdom’s annual FII summit. © 2016 Bloomberg Finance LP Saudi Arabia has over the past decade used its massive oil wealth to become an important backer of technology companies. Now at … Read more

Prototype: Weaning people off misinformation

In this week’s edition of The Prototype, we look at how to defend against conspiracy theories, drug manufacturing in space, what’s next for a Nobel Prize winner and more. You can sign up to receive Prototype in your inbox here. getty YYESTERDAYmy colleague Emily Baker-White reported that Facebook is running hundreds of fake election news … Read more

A double-edged sword that could cause a market meltdown

Artificial intelligence is transforming financial markets at breakneck speed, but this is technological … [+] the revolution may contain hidden systemic risks. Adobe Stock The current AI euphoria in the stock market, fueled by companies like NVIDIA developing powerful machine learning processors, may be masking a more troubling reality. While artificial intelligence promises to revolutionize … Read more