On March 13, 2024, Saudi Arabia's Public Investment Fund (PIF) announced a significant shift in its investment strategy. The fund has decided to reduce its foreign investments and focus more on artificial intelligence (AI) and domestic priorities. This strategic pivot marks a notable change in the PIF's approach to global investments. The decision to prioritize AI and domestic initiatives is part of a broader effort to align the fund's activities with the Kingdom's long-term economic goals. The move is expected to bolster Saudi Arabia's technological capabilities and support local economic development. The PIF's decision comes at a time when many countries are increasingly investing in AI and domestic industries to drive economic growth and innovation. This shift is consistent with Saudi Arabia's Vision 2030, which aims to diversify the economy away from oil and create a more sustainable and technologically advanced nation. The fund's new focus is likely to have significant implications for both the domestic economy and the global investment landscape.