Saudi Fund Invests $40 Million in Moritz-Backed Triathlon Series

Saudi Arabia's Public Investment Fund sports arm, SURJ, has invested $40 million in the T100 Triathlon Tour organizers, aiming to expand the series globally. The funding round, backed by Moritz, will help boost the presence and growth of the triathlon series.

ON THIS PAGE

  • Saudi Arabia’s Public Investment Fund sports arm, SURJ, has invested $40 million in the T100 Triathlon Tour organizers, aiming to expand the series globally.
  • The funding round, backed by Moritz, will help boost the presence and growth of the triathlon series.

[Via]

Worth your time?

Make sense of what's next.

A clear-eyed digest of AI, products, and ideas worth understanding. Join the NextBigWhat newsletter.

more AI news

US halts green card access for major IT firms amid H-1B abuse claims

The US Department of Labor has suspended major tech companies, including Microsoft, Infosys, and Cognizant, from the green card program due to allegations of H-1B visa abuse. This decision impacts several prominent IT firms such as TCS, Wipro, and Capgemini, potentially affecting their ability to recruit foreign talent. The move underscores increasing scrutiny on visa practices within the tech industry.

Amazon cuts ties with Meta’s Muse AI over transparency issues

Amazon has terminated its partnership with Meta’s Muse AI shopping agent, citing concerns over the agent’s credentials and transparency. This decision reflects Amazon’s commitment to safeguarding its customer journey and maintaining control over its retail ecosystem. The move highlights the ongoing scrutiny of AI tools in e-commerce and their impact on customer trust.