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Saudi Arabia’s wealth fund embeds AI across operations to redefine investments
Saudi Arabia’s nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), announced that artificial intelligence and automation now underpin “every layer” of its operations. This integration is not only reshaping the fund’s investment strategies but also reflecting the Kingdom’s broader push to embed advanced technologies into its economy and diversify beyond oil.
AI driving decision-making and efficiency
In its 2024 annual report, the PIF described AI as a transformative force, fundamentally changing how it evaluates opportunities, allocates resources, and measures value. Among its innovations is an AI-powered valuation platform designed to accelerate and refine private market investment assessments. Additionally, the fund has developed a large language model for real-time investment reporting and employs AI tools to optimize portfolio performance and analyze asset managers.
This technological shift aligns with Saudi Arabia's Vision 2030, the national strategy led by Crown Prince Mohammed bin Salman, which aims to diversify the economy and reduce its reliance on oil revenues.
Expanding global and local influence
PIF has transitioned from its early focus on public equities and infrastructure to high-profile investments in global brands such as Uber, Lucid Motors, and Nintendo. The fund has also ventured into sports, acquiring stakes in LIV Golf and Newcastle United.
Domestically, it has committed billions to mega-projects like NEOM—a futuristic city on the Red Sea—and has funneled resources into strategic sectors, including tourism, logistics, and clean energy. These projects are central to the Kingdom’s vision of becoming a global leader in innovation and sustainable development.
By leveraging AI, the PIF is not only enhancing operational efficiency but also setting a precedent for how sovereign wealth funds can integrate advanced technologies into financial management.