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ROSHN Group, stc Group Partner to Connect ROSHN Communities with Cutting-edge ICT

ROSHN and stc group would explore opportunities for collaboration around integrating cutting-edge connectivity and ICT solutions with ROSHN communities
ROSHN and stc group would explore opportunities for collaboration around integrating cutting-edge connectivity and ICT solutions with ROSHN communities
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ROSHN Group, stc Group Partner to Connect ROSHN Communities with Cutting-edge ICT

ROSHN and stc group would explore opportunities for collaboration around integrating cutting-edge connectivity and ICT solutions with ROSHN communities
ROSHN and stc group would explore opportunities for collaboration around integrating cutting-edge connectivity and ICT solutions with ROSHN communities

ROSHN, Saudi Arabia's leading national real estate developer and PIF-funded giga-project, has signed a memorandum of understanding (MoU) and infrastructure agreement with stc group, the engine of digital transformation in the region, at the Cityscape Global forum in Riyadh to provide ROSHN communities with best-in-class, cutting-edge telecommunications access, coverage and connectivity, according to statement from ROSHN.

The statement said ROSHN and stc group would explore opportunities for collaboration around integrating cutting-edge connectivity and ICT solutions with ROSHN communities.

These will include 5G towers, smart home and smart city solutions, and implementing Big Data and Internet of Things (IoT) technologies that improve efficiency, accelerate connectivity and boost the quality of life for residents and visitors.

The MoU will also see ROSHN and stc explore the possibilities of a loyalty program for ROSHN community residents alongside adding stcpay for ROSHN online transactions.

Through the framework agreement, stc group will design, build, and operate a neutral host infrastructure for ROSHN's WAREFA community in Riyadh. This development will allow residents access to both fixed-fiber networks and accelerated wireless mobility connectivity, regardless of service provider.

David Grover, Group CEO of ROSHN, and Olayan Bin Mohammed Alwetaid, stc Group CEO, signed the agreements.

"The partnership agreement established between stc and ROSHN has been formulated as a strategic move towards the expansion and growth of the group,” said Alwetaid.

“The agreement aims to strengthen the group's digitally equipped capabilities and enable it to operate in new regions and projects across the Kingdom. We will equip a modern digital infrastructure and provide the latest digital solutions and services,” he said.

“Our innovative technologies will enrich the lives of society, as smart city technologies and applications will be reflected in ROSHN projects to enhance the quality of life. These efforts align with the vision's goals: to build a digital society, a prosperous digital economy, and a better future for the Kingdom,” Alwetaid added.

As for Grover, he stated: "At ROSHN, we are always seeking to form partnerships with companies and organizations that can deliver our residents the best-in-class services they expect from ROSHN communities and properties. These two agreements will ensure that residents of all our communities have access to up-to-the-minute digital tools required by the modern world, enabling them fast internet access, easy communications, and secure payment connections."

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KSrelief Holds Workshop on AI’s Role in Advancing Humanitarian and Development Work

The workshop discussed emerging trends and risks. SPA
The workshop discussed emerging trends and risks. SPA
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KSrelief Holds Workshop on AI’s Role in Advancing Humanitarian and Development Work

The workshop discussed emerging trends and risks. SPA
The workshop discussed emerging trends and risks. SPA

The King Salman Humanitarian Aid and Relief Center (KSrelief), in collaboration with the UK Foreign, Commonwealth & Development Office (FCDO) and the Saudi Fund for Development (SFD), organized a two-day workshop titled “Data and Artificial Intelligence in the Humanitarian and Development Sectors: A Saudi-UK Partnership for Leadership and Impact” at its headquarters in Riyadh.

The workshop that started Tuesday was attended by KSrelief Director of Information Technology Eng. Tamim Al-Husain and UK Deputy Ambassador to Saudi Arabia Dr. Alice Burt.

The event brought together experts from the Saudi Data and Artificial Intelligence Authority (SDAIA), the King Abdulaziz City for Science and Technology (KACST), and specialists from KSrelief, SFD, and FCDO.

The workshop discussed emerging trends and risks, facilitated the exchange of expertise, and explored opportunities for future cooperation and partnerships between Saudi Arabia and the United Kingdom in the field of artificial intelligence to advance humanitarian and development work.

It also highlighted the importance of data and AI in humanitarian and development leadership, reviewed practical applications of AI in humanitarian needs assessments, early warning systems, inclusion efforts, and demographic trend analysis, and examined AI governance and safeguards for the safe and responsible use of emerging technologies.

In addition, participants discussed Saudi Arabia’s approach to leveraging technology in the humanitarian sector and developed a roadmap for the next round of strategic dialogue between the two countries.

The workshop was held as part of efforts to strengthen cooperation and coordination between Saudi Arabia and the UK in data and AI, to advance humanitarian, relief, and development work through the effective use of modern technologies.

Technology

Saudi Arabia: Tuwaiq Academy, Google Cloud Launch AI, Cloud Computing Initiative

The initiative was launched during Google Cloud’s annual AI Live + Labs event in Riyadh. SPA
The initiative was launched during Google Cloud’s annual AI Live + Labs event in Riyadh. SPA
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Saudi Arabia: Tuwaiq Academy, Google Cloud Launch AI, Cloud Computing Initiative

The initiative was launched during Google Cloud’s annual AI Live + Labs event in Riyadh. SPA
The initiative was launched during Google Cloud’s annual AI Live + Labs event in Riyadh. SPA

Saudi Arabia’s Tuwaiq Academy, in collaboration with Google Cloud, has launched the AI & Cloud Champions Program, aiming to build national capabilities and empower local talent to develop innovative cloud-based solutions using AI and emerging technologies.

The initiative, launched during Google Cloud’s annual AI Live + Labs event in Riyadh, builds on the strategic partnership between the two sides. It focuses on developing digital skills while expanding the Kingdom’s ecosystem of developers, tech startups, and tech professionals.

The program includes developing specialized training content and programs, as well as access to hands-on sandbox environments, cloud service credits, and vouchers for professional certification exams. It is further supported by a grant from Google Cloud’s economic and community development team to help drive its implementation.

Running from June through December, the program targets students, graduates, employees, tech startup entrepreneurs, and tech enthusiasts.

The initiative features three main tracks, including training programs and professional certifications designed to help participants strengthen their skills in applying AI in cloud computing. Additionally, a dedicated track will support more than 60 tech startups through intensive sessions and practical consulting to help them advance their growth and development.

The program will also offer a series of workshops and knowledge-sharing sessions led by experts and specialists to enhance participants’ expertise and capabilities in AI and cloud computing.

Technology

Intense AI Use Still Rare Among Euro Zone Firms, ECB Researchers Find

FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Intense AI Use Still Rare Among Euro Zone Firms, ECB Researchers Find

FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Only a small fraction of euro zone firms use artificial intelligence intensely and they tend to be small, young, service-oriented companies, leaving plenty of room for diffusion, a European Central Bank blog post said on Wednesday.

The vast majority of firms now say they have been using AI but economists have been debating just how intense this use is and whether it can yield the sort of efficiency gains that ⁠are relevant on a ⁠macroeconomic level.

Surveying more than 5,000 companies across the bloc, the ECB found that over 70% report using AI and much of the rest plan to start this year, Reuters reported. But use is moderate or infrequent and ⁠only 7% use AI intensely, the survey found.

"The intensive use that drives transformation and generates macroeconomic gains remains rare," the authors, all ECB researchers, said, in a post that does not necessarily represent the ECB's views.

Intense use is skewed towards smaller companies with large firms clearly lagging behind, the survey results showed. Younger firms also used AI more intensely than older companies ⁠and ⁠use was skewed towards high-tech, knowledge-intensive services.

"Firms at an early stage of adoption often cite cost reductions and improvements in operational efficiency as their main reasons for using it," the blog said. "Intensive users are more frequently motivated by growth and innovation."

Firms tend to invest in AI when their competitors do, succumbing to peer pressure, and intensive users spend heavily on customized solutions that go well beyond just purchasing licenses, the blog said.