Saudi Arabia AI Fund Alat's CEO on Potential Divestment Amid US-China Relations

Wednesday, 8 May 2024, 04:30

Alat CEO Amit Midha has stated that the fund would divest from China if asked by the US, citing the significant partnership between the two countries. Currently, the US has only requested separate supply chains, but Alat is prepared to act on further cues. This decision aligns with their strategic focus on maintaining a strong relationship with the US.

https://store.livarava.com/ee0dc20b-0cf3-11ef-a6c2-63e1980711b2.jpg — Saudi Arabia AI Fund Alat's CEO on Potential Divestment Amid US-China Relations

Saudi Arabia AI Fund Considering Divestment

Alat CEO Amit Midha recently commented on the fund's stance towards its investments in China, revealing a preparedness to divest if requested by the US. The CEO emphasized the importance of the US as a key partner for Alat's operations.

Potential Impact on Alat Investments

Strategic Decisions: Alat shows readiness to realign its investments based on geopolitical factors.
US Partnership: Midha stresses the value of maintaining a strong relationship with the US.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.