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Global AI Market Likely to Hit $15 Trillion by 2030

A part of the sessions of the 2nd Global AI Summit held in Riyadh (Asharq Al-Awsat)
A part of the sessions of the 2nd Global AI Summit held in Riyadh (Asharq Al-Awsat)
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Global AI Market Likely to Hit $15 Trillion by 2030

A part of the sessions of the 2nd Global AI Summit held in Riyadh (Asharq Al-Awsat)
A part of the sessions of the 2nd Global AI Summit held in Riyadh (Asharq Al-Awsat)

Speakers at the “Investing In AI: From Startups and Venture Funds to Corporate Innovation” panel that was held today as part of the 2nd Global AI Summit stressed that the volume of the AI market is estimated at $65 billion in 2020, expecting the figure to reach $15 trillion by 2030.

The panel saw the participation of Managing Director and Global Chair Emeritus, Boston Consulting Group Hans-Paul Buerkner, Founder of Emaar and noon.com
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Mohamed Al-Abbar and Head of Technology and Media Sector at the Public Investment Fund Shahd Attar.

Speakers highlighted the importance for startups cooperation to utilize AI in developing capabilities and keeping pace with global growth in this field, in addition to how to guarantee ways that mankind, ecological systems and societies can benefit from AI.

They also touched on how companies, investment funds and institutions invest in technology and AI companies and how this brings about economic benefits.

In their interventions, speakers addressed research and publication challenges facing companies in terms of investing in AI. They also reviewed solutions and methods that were used to confront problems previously.

In a panel discussion on AI infrastructure, Saudi Telecom Group CEO Olayan Alwetaid confirmed that AI has helped improve the level of appropriate decision-making at the level of his company and its investments.

Alwetaid explained that the Kingdom’s standing legislative frameworks are keeping pace with the latest developments in the field of technology. This provides great support for the various value chains of technology and AI, making Saudi Arabia a leader at the global level.

In other news, Saudi Arabia, represented by the Saudi Data and Artificial Intelligence Authority (SDAIA), announced during the 2nd Global AI Summit in Riyadh, that it will join the World Bank’s Digital Development Partnership (DDP) – a collaborative public and private partnership to help developing countries leverage digital innovations to solve some of the most challenging issues.

As a new member of the DDP, Saudi Arabia will contribute to the overall digital development agenda of the Partnership to enable the sustainable growth of developing countries and support them in defining and activating national digital strategies and policies to achieve common international goals, including bridging the gap between developed and developing countries, and help in financing, encouraging, developing and adapting data and artificial intelligence technologies to serve all of humanity.

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Europe’s Hera Spacecraft Begins Close Inspections of an Asteroid Rammed by NASA in a 2022 Test

This undated image provided by the European Space Agency on Nov. 5, 2026 and taken by the Hera spacecraft, shows asteroid Didymos. (European Space Agency via AP)
This undated image provided by the European Space Agency on Nov. 5, 2026 and taken by the Hera spacecraft, shows asteroid Didymos. (European Space Agency via AP)
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Europe’s Hera Spacecraft Begins Close Inspections of an Asteroid Rammed by NASA in a 2022 Test

This undated image provided by the European Space Agency on Nov. 5, 2026 and taken by the Hera spacecraft, shows asteroid Didymos. (European Space Agency via AP)
This undated image provided by the European Space Agency on Nov. 5, 2026 and taken by the Hera spacecraft, shows asteroid Didymos. (European Space Agency via AP)

A European spacecraft has begun close inspections of an asteroid rammed by NASA four years ago in a planetary defense test.

The European Space Agency announced Wednesday that the Hera spacecraft is now studying Didymos and its moonlet Dimorphos from just 15 miles to 18 miles (25 kilometers to 30 kilometers) away, The AP news reported.

NASA’s Dart spacecraft deliberately slammed into little Dimorphos in 2022 to see whether such a defensive move might help save Earth from a killer space rock one day.

The impact shortened the moonlet’s orbit around Didymos. More importantly, it nudged the moonlet into a slightly different path around the sun.

Next month, the small car-sized Hera, launched in 2024, will venture even closer — just 12 miles (20 kilometers) away.

ESA officials consider this a “crash site investigation” worthy of its finest robotic detective. Hera is carrying 25 science instruments as well as a pair of shoebox-sized Cubesats to survey Dimorphos even more closely and attempt to land on it.

The Dart spacecraft — short for Double Asteroid Redirection Test — sent rubble and even boulders flying off Dimorphos, providing an extra kick to the impact’s momentum. The debris trail extended thousands of miles (more than 10,000 kilometers) into space for months.

Some of that debris could still be in the vicinity, according to scientists.

Dimorphos is an estimated 500 feet (151 meters) in diameter. Didymos is roughly 2,560 feet (780 meters) in diameter.

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Euclid Mission Data Release Spans More than 900 Million Galaxies

Looking across vast distances means peering into the past because of the time needed for light from distant objects to reach us (Reuters)
Looking across vast distances means peering into the past because of the time needed for light from distant objects to reach us (Reuters)
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Euclid Mission Data Release Spans More than 900 Million Galaxies

Looking across vast distances means peering into the past because of the time needed for light from distant objects to reach us (Reuters)
Looking across vast distances means peering into the past because of the time needed for light from distant objects to reach us (Reuters)

The European Space Agency has released its first big collection of data from the orbiting Euclid telescope's mission to map the universe's large-scale structure, including observations of more than 900 million galaxies, as scientists investigate the puzzling cosmic components dark matter and dark energy.

The data unveiled on Thursday covered a survey of the sky equal to about 9,500 times the size of the moon as viewed from Earth. The mission's goal is to complete the largest-ever three-dimensional atlas of the cosmos, spanning more than a third of the sky, in 2031.

Thursday's release encompassed around 13 months of Euclid observations, totaling an enormous 1.7 petabytes — 1.7 million gigabytes — of data, Reuters reported.

"It marks a major milestone for ESA's Euclid mission and for everyone involved," said astrophysicist Valeria Pettorino, ESA's Euclid project scientist.

Euclid, launched from Florida in 2023, is gathering data on how the universe has expanded and how its structure has formed over time while amassing information about the nature of dark energy and dark matter and the role of gravity on large scales.

"Euclid will not just take images of galaxies in the sky, in two dimensions, but will also measure their distance, the third dimension. This will tell us where galaxies are in space and time, across 10 billion years, and in all directions beyond our galactic plane," Pettorino said.

"Galaxies cluster along filaments, surrounded by empty space, and form a network that we call the cosmic web. Euclid will reconstruct the cosmic web and how it has grown over time. This is important because the exact configuration of the cosmic web, how many clusters or voids are there, how fast it changed, depend on the properties of dark energy and dark matter," Pettorino said.

The universe's contents include ordinary matter as well as dark matter and dark energy.

Ordinary matter — stars, planets, gas, dust and all the familiar stuff on Earth — represents about 5% of the contents. Dark matter, known from the gravitational effects it exerts on galactic scales, is invisible material that may make up about 27% of the cosmos. Dark energy, thought to be responsible for the accelerated expansion of the universe, may account for 68%.

Dark matter and dark energy do not emit or absorb light and cannot be directly observed.

Previous Euclid data releases covered only a few days of observations. The newly released dataset includes more than a year of data and still spans only 14% of the total sky area Euclid is due to survey in visible and near-infrared light over six years. This data release will be completed next year with the first results on dark energy and dark matter.

GRAVITATIONAL LENSING

Light traveling toward Earth from faraway galaxies can be bent and distorted by normal matter and dark matter in the foreground, an effect called gravitational lensing. Thus, the nearer galaxy's gravity warps the light coming from the one behind.

Gravitational lensing is one of the tools being used to study dark matter's distribution. The new Euclid data includes about 15,000 strong gravitational lens candidates, exceeding the total number discovered in the previous half century.

"Gravitational lenses are nature's own weighing scales," said Natalie Lines, a doctoral student in astrophysics at the University of Portsmouth in England and a member of the Euclid Consortium of scientists.

"How strongly the light is bent tells us how much matter a galaxy contains, including invisible components like dark matter. With thousands of lenses, we can study how dark matter is spread through galaxies and understand how galaxies form and evolve over cosmic time," Lines said.

Lines noted the sharpness of the Euclid images over a huge area of the cosmos.

"Telescopes on Earth can cover large areas of the night sky, but their view is blurred by the atmosphere. The Hubble and James Webb space telescopes take beautifully sharp images, but only of tiny patches of sky. Euclid does both at once, and that is crucial for finding things that are small and rare, like strong gravitational lenses," Lines said.

Looking across vast distances means peering into the past because of the time needed for light from distant objects to reach us. The most distant objects Euclid has viewed are quasars, the brilliant cores of galaxies powered by supermassive black holes. The telescope has pinpointed 60 million of them.

"Euclid has found some dating back to when the universe was just 5% of its current age, so their light set off around 13 billion years ago," Lines said.

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Saudi Reef: Coffee Production Reaches 7,400 Tons in 2026

The program also provides specialized training in organic farming, pest control, modern irrigation, and coffee cultivation - SPA
The program also provides specialized training in organic farming, pest control, modern irrigation, and coffee cultivation - SPA
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Saudi Reef: Coffee Production Reaches 7,400 Tons in 2026

The program also provides specialized training in organic farming, pest control, modern irrigation, and coffee cultivation - SPA
The program also provides specialized training in organic farming, pest control, modern irrigation, and coffee cultivation - SPA

The Sustainable Agricultural Rural Development Program (Saudi Reef) reported that Saudi coffee production rose from 800 tons annually in 2020 to approximately 7,400 tons in 2026, an increase of more than 825%, supporting Saudi Vision 2030 objectives.

Saudi Reef spokesperson Majed Al-Buraikan said the number of beneficiaries in the coffee sector exceeded 6,200 in 2026, up 207% from 2021, while total support surpassed SAR 185 million, SPA reported.

The funding supports small-scale producers, agricultural investment, and coffee value chains.

Al-Buraikan said approximately 4.4 million coffee seedlings are expected to raise production to more than 20,000 tons at full capacity.

The program also provides specialized training in organic farming, pest control, modern irrigation, and coffee cultivation.

Development efforts included producing 1,000 improved cuttings to enhance varieties and productivity, agricultural projects involving 8,000 coffee seedlings, and cultivation trials at 12 sites to expand cultivation and improve yields, quality, and sustainability.

The program’s 2026 targets included increasing annual production to 7,000 tons and raising self-sufficiency from 0.5% to 4.4%. Actual production exceeded the target, reaching 7,400 tons.