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Foxconn in Talks to Build $9 Billion Factory in Saudi Arabia

By
Shai Oster
· · Source: The Wall Street Journal

Apple supplier Foxconn is in talks to build a $9 billion factory in Saudi Arabia that would make microchips, components for electric vehicles and other electronics, The Wall Street Journal reported. Saudi Arabia has been seeking to diversify its reliance on petrodollars to grow its economy but has struggled to attract investment. The Taiwanese-based company is seeking to grow its production...

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From left: Paul Graham, Garry Tan and Michael Seibel. Photos by Getty. Art by Mike Sullivan.
Exclusive startups ai
Y Combinator’s Garry Tan Goes to the Mat
By Kate Clark
Garry Tan was in his happy place. Surrounded by food trucks and techies basking in San Francisco’s September sun, the CEO of Y Combinator snapped selfies with entrepreneurs as he meandered through a crowd of 2,700 attendees at the startup accelerator’s annual alumni event.
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
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Nvidia CEO Jensen Huang. Photo by Getty
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Nvidia Deepens Push Into AWS’ Turf
By Anissa Gardizy
Nvidia’s ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips.
Dave Rogenmoser, co-founder of Jasper. Photo by Bloomberg via Getty.
AI Agenda ai
AI Startups Are Facing a Reckoning
By Stephanie Palazzolo
A reckoning may be coming for once-hot artificial intelligence startups. Among the most vulnerable: consumer apps (think Character.AI) and “thin wrapper” startups like CopyAI that merely provide a nice user interface on top of a third-party model from model developers like OpenAI.
Sam Altman and Mark Zuckerberg. Photos via Shutterstock and AP.
Meta, OpenAI Square Off Over Open Source AI
By Jon Victor
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The X (formerly Twitter) office in San Francisco on July 29. Photo by Bloomberg via Getty.
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By Erin Woo
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