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Saudi Arabia plans a major AI project worth $100 billion to compete with the UAE's technology hub. Meanwhile, KPMG and Microsoft have signed a $2 billion AI agreement over the next five years. Cisco is strengthening its AI capabilities with a $28 billion acquisition of Splunk. Additionally, Microsoft is investing $1.5 billion in Abu Dhabi's AI giant G42, showcasing the growing importance and investment in artificial intelligence globally.

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