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AI superpowers: Saudi Arabia

While the United States and China are the main players in artificial intelligence (AI), Saudi Arabia is also making big moves in this field.

Saudi Arabia wants to move away from relying on oil by developing tourism, sports and technology. It is building data centres, developing AI chips and encouraging international tech companies and AI start-ups.

Investments

Saudi Arabia has created a US$100 billion fund for AI and technology as part of its Vision 2030 plan. Rumour has it that Amazon wants to invest US$5.3 billion in the Middle Eastern country.

The Saudi government is talking with Andreessen Horowitz about a US$40 billion investment in AI.

Projects

Last year, the Garage opened in Riyadh, the biggest start-up space in the Middle East. The GAIA project aims to support AI start-ups, giving each one up to US$140 000 if they work in the capital.

King Abdullah University of Science and Technology (KAUST) is becoming a major AI research centre, building a new supercomputer and negotiating a US$100 million deal with Nvidia.

Future plans

Saudi Arabia aims to be a world leader in AI by 2030, with new smart cities like Neom along the Red Sea.

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Republikein 2024-07-02

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Rugby World Cup U20: Wales U20 34 vs 41 New Zealand U20 | South Africa U20 57 vs 7 Fiji U20 | Australia U20 35 vs 11 Georgia U20 | Ireland U20 55 vs 15 Italy U20 | England U20 40 vs 21 Argentina U20 | France U20 49 vs 12 Spain U20 Katima Mulilo: 11° | 30° Rundu: 12° | 32° Eenhana: 12° | 32° Oshakati: 13° | 30° Ruacana: 13° | 30° Tsumeb: 15° | 27° Otjiwarongo: 8° | 27° Omaruru: 9° | 27° Windhoek: 7° | 24° Gobabis: 8° | 27° Henties Bay: 10° | 18° Wind speed: 21km/h, Wind direction: S, Low tide: 06:44, High tide: 13:07, Low Tide: 18:54, High tide: 01:19 Swakopmund: 13° | 16° Wind speed: 23km/h, Wind direction: S, Low tide: 06:42, High tide: 13:05, Low Tide: 18:52, High tide: 01:17 Walvis Bay: 11° | 21° Wind speed: 25km/h, Wind direction: S, Low tide: 06:42, High tide: 13:04, Low Tide: 18:52, High tide: 01:16 Rehoboth: 7° | 25° Mariental: 8° | 23° Keetmanshoop: 8° | 21° Aranos: 8° | 25° Lüderitz: 11° | 20° Ariamsvlei: 9° | 21° Oranjemund: 9° | 18° Luanda: 20° | 22° Gaborone: 10° | 26° Lubumbashi: 11° | 28° Mbabane: 11° | 27° Maseru: 6° | 18° Antananarivo: 6° | 21° Lilongwe: 15° | 27° Maputo: 15° | 30° Windhoek: 7° | 24° Cape Town: 12° | 15° Durban: 15° | 24° Johannesburg: 12° | 19° Dar es Salaam: 23° | 31° Lusaka: 14° | 27° Harare: 12° | 24° Currency: GBP to NAD 23.58 | EUR to NAD 20 | CNY to NAD 2.56 | USD to NAD 18.62 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.77 | ZWL to NAD 0.04 | BRL to NAD 3.28 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.17 | USD to AOA 862 | USD to BWP 13.66 | USD to EGP 48.11 | USD to KES 127.98 | USD to NGN 1504.9 | USD to ZAR 18.62 | USD to ZMW 23.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1772.61 Down -1.31% | Casablanca Stock Exchange (CSE) MASI 13245.01 Down -0.44% | Egyptian Exchange (EGX) 30 Index 27985.89 Up +0.06% | Botswana Stock Exchange (BSE) DCI 9374.78 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 330.81/OZ DOWN -0.0007 | Copper US$ 4.43/lb UP +0.35% | Zinc US$ 2 935.80/T DOWN -0.18% | Brent Crude Oil US$ 87.05/BBP DOWN -0.0031 | Platinum US$ 996.59/OZ UP +2.00% Sport results: Rugby World Cup U20: Wales U20 34 vs 41 New Zealand U20 | South Africa U20 57 vs 7 Fiji U20 | Australia U20 35 vs 11 Georgia U20 | Ireland U20 55 vs 15 Italy U20 | England U20 40 vs 21 Argentina U20 | France U20 49 vs 12 Spain U20 Weather: Katima Mulilo: 11° | 30° Rundu: 12° | 32° Eenhana: 12° | 32° Oshakati: 13° | 30° Ruacana: 13° | 30° Tsumeb: 15° | 27° Otjiwarongo: 8° | 27° Omaruru: 9° | 27° Windhoek: 7° | 24° Gobabis: 8° | 27° Henties Bay: 10° | 18° Wind speed: 21km/h, Wind direction: S, Low tide: 06:44, High tide: 13:07, Low Tide: 18:54, High tide: 01:19 Swakopmund: 13° | 16° Wind speed: 23km/h, Wind direction: S, Low tide: 06:42, High tide: 13:05, Low Tide: 18:52, High tide: 01:17 Walvis Bay: 11° | 21° Wind speed: 25km/h, Wind direction: S, Low tide: 06:42, High tide: 13:04, Low Tide: 18:52, High tide: 01:16 Rehoboth: 7° | 25° Mariental: 8° | 23° Keetmanshoop: 8° | 21° Aranos: 8° | 25° Lüderitz: 11° | 20° Ariamsvlei: 9° | 21° Oranjemund: 9° | 18° Luanda: 20° | 22° Gaborone: 10° | 26° Lubumbashi: 11° | 28° Mbabane: 11° | 27° Maseru: 6° | 18° Antananarivo: 6° | 21° Lilongwe: 15° | 27° Maputo: 15° | 30° Windhoek: 7° | 24° Cape Town: 12° | 15° Durban: 15° | 24° Johannesburg: 12° | 19° Dar es Salaam: 23° | 31° Lusaka: 14° | 27° Harare: 12° | 24° Economic Indicators: Currency: GBP to NAD 23.58 | EUR to NAD 20 | CNY to NAD 2.56 | USD to NAD 18.62 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.32 | EGP to NAD 0.38 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.77 | ZWL to NAD 0.04 | BRL to NAD 3.28 | RUB to NAD 0.21 | INR to NAD 0.22 | USD to DZD 134.17 | USD to AOA 862 | USD to BWP 13.66 | USD to EGP 48.11 | USD to KES 127.98 | USD to NGN 1504.9 | USD to ZAR 18.62 | USD to ZMW 23.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1772.61 Down -1.31% | Casablanca Stock Exchange (CSE) MASI 13245.01 Down -0.44% | Egyptian Exchange (EGX) 30 Index 27985.89 Up +0.06% | Botswana Stock Exchange (BSE) DCI 9374.78 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 330.81/OZ DOWN -0.0007 | Copper US$ 4.43/lb UP +0.35% | Zinc US$ 2 935.80/T DOWN -0.18% | Brent Crude Oil US$ 87.05/BBP DOWN -0.0031 | Platinum US$ 996.59/OZ UP +2.00%