SDAIA Concludes GAIN Summit in Riyadh with Local, Int’l Agreements

The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA
The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA
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SDAIA Concludes GAIN Summit in Riyadh with Local, Int’l Agreements

The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA
The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. SPA

The third edition of the Global AI Summit (GAIN Summit), organized by the Saudi Data and Artificial Intelligence Authority (SDAIA) from September 10 to 12 at the King Abdulaziz International Conference Center in Riyadh brought together hundreds of specialists and enthusiasts in artificial-intelligence (AI) technologies and applications worldwide under the theme "Artificial Intelligence for the Good of Humanity."

AT the summit, SDAIA President Dr. Abdullah bin Sharaf Al-Ghamdi highlighted the Saudi leadership's commitment, under the guidance of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, and Chairman of the SDAIA Board of Directors, to position Saudi Arabia as a leader in the field of AI.

The summit included panel discussions and workshops featuring experts from various sectors and global companies specialized in AI applications. The sessions unveiled the latest developments in the field, emphasizing that innovations in AI have far-reaching impacts not just technologically but also on geopolitical, political, and legislative domains. Furthermore, it was stressed that developments in AI should align with sustainable development and equality in education.

Several AI initiatives, programs, and products were unveiled during the summit, and agreements and memoranda of understanding (MoUs) were signed to bolster its applications and development within the Kingdom.

The third edition of the GAIN Summit concluded with a speech by National Information Center Director Dr. Esam bin Abdullah Al-Wagait, who highlighted the participation of 465 speakers and participants from over 100 countries and how the summit explored the latest developments shaping the future of AI.

Moreover, he underscored the global significance of announcements made during the summit, such as the work of the United Nations (UN) High-Level Advisory Body on Artificial Intelligence, the partnership of the UN International Telecommunication Union (ITU) with the Kingdom to develop a global framework for AI readiness, and the announcement of the Riyadh Charter on Artificial Intelligence for the Islamic World issued by the Islamic World Educational, Scientific and Cultural Organization (ICESCO) in collaboration with the Organization for Economic Co-operation and Development (OECD) on the Observatory on Artificial Intelligence.

Al-Wagait also highlighted important AI projects that emerged during the summit, including the Arabic Large Language Model (ALLaM), aimed at developing the best large Arabic language model in the world, and the cooperation with NVIDIA to expand the scope of AI infrastructure using 5,000 graphics processing units. Additionally, educational integration initiatives were announced, such as cooperation with the Ministry of Education to integrate the ALLaM Model into the Kingdom's education system, providing support tools for teachers and leveraging AI technology for self-learning.



Gold, Silver Hit Records After US Probe Targets Fed

FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)
FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)
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Gold, Silver Hit Records After US Probe Targets Fed

FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)
FILE - An employee of Pro Aurum gold house lifts 1 Kg silver bars of 999.9 purity besides 1 Kg gold bars in the safe deposit boxes room in Munich, Germany, Friday, April 25, 2025. (AP Photo/Matthias Schrader, File)

Gold and silver surged to record highs after the US Justice Department targeted the Federal Reserve in an investigation, fueling fears over the bank's independence and raising demand for safe haven assets.

Gold vaulted toward $4,600 an ounce and silver approached $85 for the first time after Fed chair Jerome Powell warned a potential criminal indictment is part of President Donald Trump's pressure campaign on monetary policy decisions.


Saudi Arabia, Japan Sign Memorandum on Peaceful Use of Space

The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)
The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)
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Saudi Arabia, Japan Sign Memorandum on Peaceful Use of Space

The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)
The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space. (SPA)

The Saudi Space Agency signed a memorandum of cooperation with the Japanese government on the peaceful use of outer space on the sidelines of the Saudi-Japan Ministerial Investment Forum.

The memorandum was signed with Japan’s Cabinet Office, the Ministry of Education, Culture, Sports, Science and Technology, and the Ministry of Economy, Trade and Industry, the Saudi Press Agency reported on Monday.

Minister of Communications and Information Technology and Chairman of the Board of the Saudi Space Agency Abdullah Alswaha represented the agency during the signing.

The move underscores the Kingdom’s commitment to enhancing international cooperation in peaceful space activities and supporting strategic partnerships in the sector. It aims to establish a framework for cooperation in space science and technology, capacity building, and the exchange of expertise, contributing to the development of the space sector and promoting the peaceful uses of outer space.

The Saudi Space Agency affirmed that the agreement builds on the Kingdom’s ongoing efforts to strengthen international partnerships in the space sector and to play an active role in shaping a global space ecosystem that supports research and innovation and serves humanity.


Saudi-Canadian Business Forum Explores Opportunities to Strengthen Investment

The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)
The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)
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Saudi-Canadian Business Forum Explores Opportunities to Strengthen Investment

The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)
The Saudi-Canadian Business and Investment Forum was held on Sunday. (SPA)

The Saudi-Canadian Business and Investment Forum was held on Sunday in Riyadh under the “Invest Saudi” umbrella, with the participation of Minister of Investment Eng. Khalid Al-Falih, Canadian Minister of International Trade Maninder Sidhu, and several senior officials and representatives from major companies in both countries.

The forum reviewed prospects for investment partnerships across a number of key sectors, including digital transformation, infrastructure, defense, and other areas of mutual interest, with a focus on strengthening cooperation and increasing investment flows between Saudi and Canadian companies, the Saudi Press Agency reported.

Six memoranda of understanding were signed during the forum in the fields of communications, information technology, cybersecurity, education, and manufacturing. In addition, private-sector workshops were held to facilitate dialogue between investors, exchange expertise, and explore opportunities for joint ventures and long-term cooperation.