• Prosperity7, Aramco’s VC arm, leads USD 100M Series A funding in US-based AI infrastructure startup TensorWave.
• TensorWave builds scalable AI hardware clusters with over 8,000 AMD GPUs to power larger, more complex AI models.
• Gulf investors shift focus from AI use to owning core infrastructure, aiming to shape the AI computing future.

Prosperity7

Saudi money just landed on the AI compute runway, and it’s going big.

So what is happening? Prosperity7, the venture capital arm of Aramco, has backed US-based TensorWave in a hefty USD 100 million Series A round. 

This is Prosperity7’s latest move in AI, joining the ranks of Magnetar, AMD Ventures, Nexus Venture Partners, and Maverick Silicon. 

About the Startup TensorWave is a Las Vegas-based startup building scalable AI infrastructure to power larger, more complex AI models.

What’s next? The round will fuel TensorWave’s rollout of 8,192 AMD Instinct MI325X GPUs, building a massive training cluster. 

Translation: Prosperity7 is teaming up with other investors to help TensorWave build a giant AI supercomputer using thousands of powerful chips. These chips are the heavy lifters behind today’s smartest AI models. The bigger the cluster, the more advanced the AI it can train

GCC and AI

Why does this matter? Prosperity7’s stake signals growing Gulf appetite to not just consume AI tech, but shape its backbone. It signals that Gulf investors are not just interested in using AI tools or products. They want to invest in and help build  the core infrastructure that makes AI possible.

 Think of it as moving from buying smartphones to owning the factory that makes the chips inside them.

The Infrastructure Crunch This shift is happening because the need for AI computing power is growing way faster than what’s available right now. So, investors are looking to back companies that can provide lots of powerful GPUs, the chips that do the heavy lifting to train AI, and do it on a scale.

TensorWave’s Angle While many focus on the usual AI chip leaders, TensorWave is taking a different path by leaning into AMD. Its goal is not just to add more GPUs but to build AI infrastructure that can grow smoothly as models become bigger and more complex.

Bottom line? Gulf investors are moving beyond just following AI trends, they are investing in the essential infrastructure behind it. If TensorWave succeeds, Prosperity7 could hold a significant position in the rapidly evolving AI landscape.