Saudi Arabia’s Future Investment Initiative (FII) conference highlights the kingdom’s ambitions in AI and digital transformation despite declining oil revenues and regional conflicts. Key figures, including Elon Musk and Julie Sweet, discussed the role of technology in economic stability, showcasing the nation as a hub for investment and innovation.
Saudi Arabia is making significant strides at the Future Investment Initiative conference, showcasing its ambitions in technology and investment. With discussions on AI and digital transformation led by industry leaders, the event highlights the kingdom’s commitment to becoming a regional hub for innovation and economic growth.
Visa has marked 40 years in Saudi Arabia by opening an innovation center in Riyadh and a new office in the King Abdullah Financial District. This initiative aims to advance payment solutions and support the Kingdom’s Vision 2030 by enhancing digital commerce and fostering fintech partnerships across the region.
Saudi Arabia’s Public Investment Fund (PIF) has partnered with Google Cloud to establish a global AI hub near Dammam. This collaboration aims to enhance the local workforce with AI programs and improve digital payment solutions. The initiative underscores Saudi Arabia’s commitment to becoming a leading player in the AI sector.
Saudi Arabia’s Public Investment Fund (PIF) has partnered with Google Cloud to establish a global AI hub near Dammam. This initiative aims to enhance the local workforce with AI programs, support the national ICT sector’s growth, and contribute significantly to the country’s GDP and job creation.
The Saudi Data and Artificial Intelligence Authority has launched the Advanced Pathways Program in Artificial Intelligence, aimed at training 500 specialists over five weeks. The program focuses on key AI topics and will feature training from experts at DeepLearning.AI and Stanford University, enhancing national capabilities in AI.
Verofax, a leading provider of innovative customer service solutions, has announced the signing of a Memorandum of Understanding (MoU) with…
Edarat Communication and Information Technology Company has secured a SAR8.62 million ($2.3 million) contract with NEOM for cloud services, including IaaS and PaaS. This contract extends an existing agreement and is expected to impact the company’s financial statements in Q4 2024.
Saudi Arabia will implement mandatory USB-C charging for mobile devices starting January 1, 2025. This initiative aims to enhance user experience, reduce electronic waste, and cut costs for consumers. The first phase will cover various devices, with laptops included in a second phase starting April 1, 2026.
Mastercard has launched a world-class technology infrastructure in Saudi Arabia to facilitate local e-commerce transaction processing. This initiative aims to enhance the digital payments experience for consumers and partners while supporting the Kingdom’s economic diversification goals and digital transformation efforts in alignment with Saudi Vision 2030.
