NEOM Investment Fund Partners with MemryX for Energy-Efficient Edge AI Computing

NEOM Investment Fund (NIF) has announced in a press release a strategic investment in MemryX, a US-based leader in Edge AI semiconductor solutions.
 The partnership will accelerate the development and deployment of next-generation, energy-efficient edge AI accelerators, which are critical to enabling the responsive, high-privacy intelligent digital infrastructure powering NEOM.
 NIF CEO Majid Mufti stated, “Our investment in MemryX marks another pivotal step toward realizing NEOM’s vision of an AI-native, energy-efficient future. It also reflects our commitment to backing transformative, next-generation technologies that will define the new era of intelligent digital infrastructure. Through our partnership with MemryX, we are accelerating the deployment of advanced computing at scale, while laying the groundwork for a new digital economy.”
 CEO of MemryX Keith Kressin said, “NEOM represents one of the boldest technological visions of our time. This partnership with NIF validates our technology’s relevance to future cities and autonomous digital environments. We look forward to working closely with NIF and NEOM to deploy Edge AI solutions that deliver real-world performance at scale.”
 Head of Infrastructure Strategy at NEOM’s Tech and Digital Sector Peter Watson said, “MemryX’s breakthrough approach to Edge AI allows us to process vast volumes of video data locally, reducing our dependency on centralized infrastructure and limited bandwidth.”
 The partnership with MemryX is part of NIF’s expanding portfolio of investments, underscoring its role as a strategic investor and ecosystem developer. It reflects NIF’s commitment to enabling NEOM’s commercial success by advancing next-generation infrastructure, scaling frontier technologies, and laying the foundations for a cognitive, AI-native economy.