Middle East oil producers invest petrodollars into AI

UAE, Saudi Arabia, others hope tech will diversify economies, raise output

20240926 oil facility

An oil facility in eastern Saudi Arabia: Artificial intelligence could help improve oil and gas production around the region. © Reuters

TAKESHI KUMON, Nikkei senior staff writer

TOKYO -- Oil-producing countries in the Middle East are investing their vast energy revenues in artificial intelligence infrastructure and other high-tech areas, seeking to become players in a promising field.

Their goals go beyond diversifying their oil-dependent economies and driving growth through AI. They also see the technology as a way to enhance their energy production capabilities.

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