Saudi Arabia to Host Largest Int’l Gathering of AI Policymakers

The operations center at the headquarters of the Saudi Authority for Data and Artificial Intelligence (Asharq Al-Awsat)
The operations center at the headquarters of the Saudi Authority for Data and Artificial Intelligence (Asharq Al-Awsat)
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Saudi Arabia to Host Largest Int’l Gathering of AI Policymakers

The operations center at the headquarters of the Saudi Authority for Data and Artificial Intelligence (Asharq Al-Awsat)
The operations center at the headquarters of the Saudi Authority for Data and Artificial Intelligence (Asharq Al-Awsat)

Saudi Arabia is preparing to host the second Global Artificial Intelligence Summit from Sept. 13 to 15 in Riyadh.

The summit, entitled “Artificial Intelligence for the Good of Humanity,” is being organized by the Saudi Authority for Data and Artificial Intelligence, and being held under the patronage of Crown Prince Mohammed bin Salman, who is the chairman of SDAIA’s board of directors.

The conference will be held at the King Abdulaziz International Conference Center.

The summit is to highlight a number of topics that show the implications of AI on the most important sectors, such as smart cities, human capacity development, health care, transportation, energy, culture and heritage, environment, and economic mobility, to find solutions to current challenges and maximize the use of AI technologies.

The importance of the second summit lies in the fact that it deals with modern topics related to AI and its multiple uses in human life in the twenty-first century. The Kingdom seeks to achieve international leadership in becoming home to one of the economies based on data and AI.

This global summit will seek to become a major world forum in the field of artificial intelligence, after the success achieved in the first summit held in 2020.

The summit will discuss everything related to AI technologies and participants include experts and specialists, senior officials from government agencies and the largest international technology companies.

Various presentations will be held highlighting the latest research and technologies, while participants will also exchange expertise, and discover investment opportunities.

More than 200 experts and decision-makers took part in the first edition of the Global Artificial Intelligence Summit, which was held over two days, while more than 13,000 people attended the forum. The summit received more than 5 million views on social media networks.



Total Revenues at Saudi PIF More Than Double to $88.5 Billion

PIF headquarters in Riyadh. Asharq Al-Awsat
PIF headquarters in Riyadh. Asharq Al-Awsat
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Total Revenues at Saudi PIF More Than Double to $88.5 Billion

PIF headquarters in Riyadh. Asharq Al-Awsat
PIF headquarters in Riyadh. Asharq Al-Awsat

Saudi Arabia's sovereign wealth fund PIF swung to a profit of 138.1 billion riyals ($36.81 billion) in 2023, it said on Monday.

Total revenues at the Public Investment Fund more than doubled to $88.5 billion last year from $44 billion in 2022, according to a regulatory filing.

The rise in revenues was driven by factors including an improvement in both investment and non-investment activities in sectors like banking, telecommunications and gaming, as well as increased dividends.