
Aramco’s Wa’ed Ventures Invests in UK-Based AI Cloud Start-Up Ori
Aramco’s venture arm, Wa’ed Ventures, has invested in UK-based AI cloud start-up Ori. This investment, aimed at establishing a subsidiary in Riyadh, underscores Saudi Arabia’s growing focus on advancing AI. Ori, which supplies AI infrastructure and uses Nvidia’s H200 chips, has also been backed by Telefonica and NextEra Energy.