Science, Engineering Exhibition Sheds Light on Saudi Innovations

A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)
A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)
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Science, Engineering Exhibition Sheds Light on Saudi Innovations

A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)
A training camp for the Saudi National Science and Engineering Team in Riyadh. (Asharq Al-Awsat)

The Regeneron International Science and Engineering Fair (ISEF) has showcased the innovative ideas of 30 Saudi students.

ISEF 2021 is being held virtually in the US, with the participation of over 1,800 students from around the world showcasing their projects at the science fair.

King Abdul Aziz and His Companions Foundation for Giftedness and Creativity (Mawhiba) announced its sponsorship of the innovations in the energy field at ISEF 2021.

Saudi Arabia first participated in ISEF in 2007 and has since then won 48 major and 27 special prizes. In 2020, the Kingdom received eight prizes, including five major and three special prizes.

Saudi Minister of Energy Prince Abdulaziz bin Salman is set to meet virtually with a number of students from around the world that are taking part in this year’s edition.

In a statement, Mawhiba announced that it will present major prizes and sponsorships for the top four projects in the field of energy.

The foundation will also offer a number of special awards in the fields of science, technology, engineering, and mathematics (STEM), including 12 grants and 12 cash prizes.

The statement explained that the foundation’s sponsorship of ISEF’s energy field stems from Vision 2030 and its awareness of the important role Saudi Arabia plays as a major source of energy, and its efforts to continue sustainable development by preserving energy sources.

Mawhiba stated that the awards it offers to international talents at the ISEF 2021 exhibition reflect its vision and mission to make innovation a sustainable way to invest in human capabilities.

There is an increasing trend towards the production of more renewable energy, which is expected to account for 40 percent of the planet's energy by 2040, according to Mawhiba.

The Mawhiba Foundation has offered 79 special awards, totaling $269,000, for 97 international students at the ISEF over the past ten years.



Official: DeepSeek Success Shows China's 'Ability to Innovate'

FILE PHOTO: The DeepSeek app is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: The DeepSeek app is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
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Official: DeepSeek Success Shows China's 'Ability to Innovate'

FILE PHOTO: The DeepSeek app is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: The DeepSeek app is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

The shock entrance of DeepSeek in the race to develop advanced artificial intelligence has put the world on notice as to China's innovation prowess, a high-ranking Beijing official said Thursday.

The startup released a new version of its AI chatbot in January, sending shockwaves across global markets.

DeepSeek wowed industry insiders with its apparent ability to rival or even surpass the capabilities of Western competitors like ChatGPT at a fraction of the cost.

"DeepSeek has stood out in the global field of AI," said Wu Qing, Chairman of China's Securities Regulatory Commission.

"It is not just that the field of AI has been deeply shocked, but now also the world and the financial community have a new understanding of China's ability to innovate in science and technology," he said.

The official added that DeepSeek had contributed to a "recent re-evaluation of Chinese assets".

"If someone does not talk about DeepSeek these days, it seems that they're not fashionable," Wu said.

"But this phenomenon is indeed worthy of our high attention."

Recent weeks have seen shares in Chinese tech titans surge.

Last month, long-shunned Alibaba co-founder Jack Ma was seen meeting President Xi Jinping at a business symposium -- signaling a more welcoming stance from Beijing towards its domestic tech sector.

Alibaba's shares rose more than eight percent during Thursday trading in Hong Kong after it unveiled an AI model with a performance it said was "comparable" to DeepSeek.

Investors are watching for announcements this week from Beijing -- where officials are convening for a key annual political event known as the "Two Sessions" -- on further government support to boost innovation and spending.

Wu's comments came during a press conference on China's economy, which has struggled to fully recover from the pandemic.

Authorities are banking on advanced technology as a lifeline to reach official growth targets this year as heightened trade winds batter the export-dependent nation.