The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
Category: Saudi Arabia
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‘To the Future’: Saudi Arabia Spends Big to Become an A.I. Superpower
The oil-rich kingdom is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.
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Golf’s Big Deal Veers Off Course
The Masters tournament should be all about sport, but the unresolved fight between the PGA Tour and LIV Golf looms over the competition.
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Trump Venues Bank on Golf, With Help From Saudi Arabia
The focus of the former president’s hotel business is shifting from big cities to his golf resorts, which are benefiting from a relationship with the Saudi-funded LIV Golf tournaments.
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Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence
The Middle Eastern country is creating a gigantic fund to invest in A.I. technology, potentially becoming the largest player in the hot market.
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LeBron James and Drake Invest in Professional Golf’s PGA Tour
The basketball star and rapper are investing in the professional golf competition, marking their latest push into sports.
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Saudi Aramco Abruptly Drops Plans to Expand Oil Production
The pullback, at the behest of the Saudi government and made with little comment, probably reflects a more subdued outlook for demand of Saudi Arabia’s oil.
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PGA Tour and Saudi-Backed LIV Extend Deadline to Finalize Deal
The tentative deal for the men’s golf circuits to join forces had a Dec. 31 deadline, but significant questions remained.
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Angola to Quit OPEC in Dispute Over Oil Production Levels
Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings.
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What’s Missing from the COP28 Climate Deal
The agreement calls for phasing out fossil fuels. But it also lets oil producers keep drilling and gives few specifics on how to fund a shift to greener energy.