Saudi Arabia attracts $ 15 billion to investments in artificial intelligence

The activities of the conference “Lepe 2025” will see the announcement of investments of approximately $ 14.9 billion in the field of artificial intelligence, which makes the Kingdom of Saudi Arabia a global destination for investment in artificial intelligence, according to the Minister of Communications and Information Technology Abdullah Al -Sawah, during his opening address in the fourth version of Riyad. The first day of the conference was witness to the announcement of a series of partnerships and investments, including the inauguration of the Saudi – “machines” and “Lenovo”, a manufacturing and technological center based on artificial intelligence and robots in the Kingdom with two billion dollars. Groq will also work with Aramco Digital to pump $ 1.5 billion to expand its investments in the cloud computing supported by artificial intelligence. The Salesforce has announced the $ 500 million investment on the construction of the ‘Hyper Force’ platform to serve its customers in the region. Also read: Saudi Arabia strives to become a global advanced industries center via data brics, the $ 300 million award has announced to build an integrated “Easter” services to enable application developers to innovate. Sambanova also unveiled an investment of $ 140 million to create an advanced artificial intelligence infrastructure in the country. Saudi Arabia forms half of the growth of the region’s digital economy. The digital economy in the region increased by 73% to reach $ 260 billion, Saudi Arabia represents 50% of this growth, according to the square, which in its speech also indicated the importance of the digital gap between nations during the so -called Smart era, as well as the role played by the Kingdom in the field of technology. “In the smart era, the gap between the northern and the southern world will grow and worsen more, as one billion people are expected to join this exclusive club only two billion people, while 6.5 billion individuals will leave it by 2030,” according to the square. Also read: The Saudi Soving and “Google Cloud” launches an artificial intelligence center that adds $ 71 billion to the economy of the kingdom. According to Bloomberg, the kingdom is looking for a global artificial intelligence center, at a time when preparing to start a new $ 100 billion project. The initiative called ‘Project Transcendation’ will be invested in data centers, startups and other infrastructure to develop artificial intelligence, as well as attract new talents to the kingdom, develop the local technological environment and to encourage technology companies to invest resources in the country. In addition, the kingdom is the ‘biggest success story in the empowerment of women in the field of technology, which in turn bypasses the average group of twenty in the European Union and the average Silicon Valley’, according to the square.