Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
BTC Pulse 2025-02-10 10:54:34

Saudi Arabia Partners with Tech Giants in $14.9B AI Expansion

Saudi Arabia Partners with Tech Giants in $14.9B AI Expansion

Saudi Unveils $14.9 Billion AI Push Saudi Arabia announced a big investment of $14.9 billion in Artificial Intelligence, Cloud Computing, and other emerging technologies. The plans were showcased at a tech conference in Riyadh on Feb. 9 in collaboration with some of the world’s largest technology firms. Saudi Minister of Communications and Information Technology Abdullah bin Amer Alswaha further reiterated that the kingdom will collaborate with global tech giants, including Google Cloud, Lenovo, Alibaba Cloud, Qualcomm, Groq, and Salesforce, among others. These collaborations go hand in hand with the kingdom’s ambition to take the lead in AI-driven innovation and digital transformation. Aramco’s Role in AI Growth The EVP of Technology and Innovation at Aramco, Ahmad Al-Khowaiter, talked about collaboration in scaling AI solutions. “Our business is all about scale. That’s why we need to partner, and no one company can deliver the promise of AI,” Al-Khowaiter said. Aramco is the world’s seventh-biggest company by market capitalization, eager to implement AI solutions across the broad spectrum of operations. It is partnering up with the leading AI companies to improve efficiency and increase technological capabilities as part of Saudi Arabia’s initiative to develop AI capabilities. Key AI Investments and Partnerships The Saudi Arabian strategy for AI expansion includes several large-scale investments: Groq Partnership: Aramco signed a $1.5 billion contract with AI chipmaker Groq to develop cloud-based AI solutions. Lenovo & Alat Collaboration: Saudi manufacturing giant Alat and Lenovo pledged an investment of $2 billion to establish an AI-powered manufacturing and robotics facility in Riyadh, while Lenovo will be establishing a regional headquarters in the city. Google, Qualcomm & Alibaba Cloud: These companies will launch AI-driven projects aimed at fostering localized AI innovation. Other major investments in AI include Salesforce with $500 million, Databricks with $300 million, Tencent Cloud with $150 million, and SambaNova with $140 million. AI and Blockchain Growth in the Middle East Saudi Arabia’s investment in AI also fits into the broader tech revolution in the Middle East. In a separate development , stablecoin issuer Tether announced on Feb. 6 that it was partnering with UAE-based Reelly Tech. The companies seek to make real estate transactions more accessible using the USDT stablecoin. Saudi Arabia’s aggressive expansion into AI underscores ambitions to be the leading AI hub in the region, driving technological advancement and global partnerships.

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
98
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.