Facebook Pixel SAUDI ARABIA IS SPENDING BILLIONS TO BECOME A GLOBAL GAMING HUB.SOME FANS DON'T WANT TO PLAY | Techlife News - technology - Read this story on Magzter.com

Try GOLD - Free

SAUDI ARABIA IS SPENDING BILLIONS TO BECOME A GLOBAL GAMING HUB.SOME FANS DON'T WANT TO PLAY

Techlife News

|

Techlife News #613

Saudi Arabia, the new home of some of soccer’s biggest stars and a co-owner of professional golf, is proving to be no less ambitious when it comes to another global pastime – the $180 billion-a-year video game industry

SAUDI ARABIA IS SPENDING BILLIONS TO BECOME A GLOBAL GAMING HUB.SOME FANS DON'T WANT TO PLAY

Last September, the Saudi sovereign wealth fund earmarked nearly $40 billion for a new conglomerate aimed at transforming the kingdom into the “ultimate global hub” for games and esports by 2030. In February, the Saudi fund became the biggest outside investor in Nintendo, and just this month the kingdom hosted a major gaming tournament with a record $45 million prize pool.

That’s made Saudi Arabia an increasingly important player in the industry and contributed to its breakneck transformation from an insular kingdom best known for oil and ultraconservative Islam into an emerging sports and entertainment powerhouse.

The move into gaming has sparked the same kind of backlash seen in soccer and golf, where critics accuse the Saudis of “sports washing” human rights abuses, including the 2018 killing of Washington Post columnist Jamal Khashoggi, a Saudi dissident.

With gaming, a kingdom that sentences people to decades in prison over a few tweets is joining a worldwide community dominated by the young and very online.

“It’s the Romans and the Colosseum all over again, and you have countries at the top layer using sports as a theater to display their wealth and their power,” said Joost van Dreunen, a professor at New York University who has written a book about the business of video games.

“You have to ask the question: Who is the architect behind this, and what are the intentions of these architects?” he said.

Saudi Arabia’s 37-year-old Crown Prince Mohammed bin Salman, reportedly an avid gamer himself, sees the foray into gaming as part of Vision 2030, his ambitious plan to overhaul the kingdom’s economy, reduce its reliance on oil and provide jobs and entertainment for its youthful population.

MORE STORIES FROM Techlife News

Techlife News

Techlife News

Q2 Record

APPLE SURPASSES EXPECTATIONS WITH STRONG GLOBAL RESULTS

time to read

4 mins

May 09, 2026

Techlife News

Techlife News

APPLE CUTS MAC RAM OPTIONS AMID MEMORY SHORTAGE

Apple is tightening availability across its desktop lineup as the global memory shortage deepens, removing several higher-RAM configurations of the Mac mini and Mac Studio from its online store.

time to read

3 mins

May 09, 2026

Techlife News

Techlife News

PHYSICS MODEL OFFERS NEW INSIGHT INTO HOW AI LEARNS

Artificial intelligence systems built on neural networks—like OpenAl’s ChatGPT, Anthropic’s Claude, DeepSeek models, or Google’s Gemini—have reached a level of performance that rivals or exceeds humans in many tasks.

time to read

4 mins

May 09, 2026

Techlife News

Techlife News

AI MODEL MAPS DNA TO TRACE ANCIENT LINEAGES

Researchers at the University of Oregon have developed a new artificial intelligence model that analyzes DNA sequences in a way that resembles how language models interpret text, offering a faster and more precise method to trace evolutionary relationships between genes.

time to read

4 mins

May 09, 2026

Techlife News

Techlife News

MUSK UNVEILS $55B TERAFAB AI CHIP FACTORY PLAN

Elon Musk has outlined an ambitious plan to build a massive semiconductor facility in Texas, aiming to secure in-house chip production for both Tesla and SpaceX.

time to read

4 mins

May 09, 2026

Techlife News

Techlife News

ROOMBA FOUNDER RETURNS WITH AI PET ROBOT

Colin Angle is making another attempt to bring robotics into everyday homes, this time with an AI-powered companion designed to behave more like a pet than a machine.

time to read

5 mins

May 09, 2026

Techlife News

Techlife News

DEEPSEEK NEARS $45B VALUATION AS CHINA BACKS AI PUSH

DeepSeek is rapidly approaching a $45 billion valuation as China's state-backed China Integrated Circuit Industry Investment Fund—commonly known as the “Big Fund”—moves to lead a new financing round.

time to read

4 mins

May 09, 2026

Techlife News

Techlife News

VOLKSWAGEN BECOMES RIVIAN'S LARGEST SHAREHOLDER

Volkswagen Group has become the largest shareholder in Rivian, surpassing Amazon after increasing its stake to approximately 15.9%.

time to read

4 mins

May 09, 2026

Techlife News

Techlife News

PENTAGON EXPANDS AI DEALS FOR CLASSIFIED NETWORKS

The U.S. Department of Defense is broadening its artificial intelligence footprint across classified systems, signing new deployment agreements with Nvidia, Microsoft, Amazon Web Services, and Reflection AI.

time to read

4 mins

May 09, 2026

Techlife News

Techlife News

SPACEX OPENS COLOSSUS SUPERCOMPUTER TO ANTHROPIC

SpaceX is granting Anthropic access to the full compute capacity of its Colossus 1 data center in Memphis, Tennessee, in a deal that significantly expands the infrastructure available to train and run large-scale AI models.

time to read

4 mins

May 09, 2026

Translate

Share

-
+

Change font size