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Saudi Arabia Earns Top Marks in Global AI Index for National Strategy 

Established in 2019, SDAIA serves as the national authority for all matters related to data (including big data) and AI, providing a centralized hub for its organization, development, and implementation. 
Established in 2019, SDAIA serves as the national authority for all matters related to data (including big data) and AI, providing a centralized hub for its organization, development, and implementation. 
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Saudi Arabia Earns Top Marks in Global AI Index for National Strategy 

Established in 2019, SDAIA serves as the national authority for all matters related to data (including big data) and AI, providing a centralized hub for its organization, development, and implementation. 
Established in 2019, SDAIA serves as the national authority for all matters related to data (including big data) and AI, providing a centralized hub for its organization, development, and implementation. 

The Stanford University International AI Index for 2024 ranked Saudi Arabia among the leading nations globally for developing a national strategy on Artificial Intelligence (AI). This comprehensive resource, valuable for policymakers, researchers, and industry specialists, provides insights into the current state and future trajectory of AI, reported the Saudi Press Agency on Wednesday.

This recognition reflects the Kingdom's commitment to leveraging data and AI technologies. Under the guidance and support of Prince Mohammed bin Salman bin Abdulaziz Al-Saud, Crown Prince, Prime Minister, and Chairman of the Saudi Data and Artificial Intelligence Authority (SDAIA) board of directors, the Kingdom is harnessing these powerful and transformative technologies for the betterment of humanity, while promoting a global framework for international cooperation in the field of AI.

Saudi Arabia's strong positioning in the AI and data domain underscores the success of Vision 2030, a national transformation plan where AI plays a pivotal role. Approximately 70% of the goals of Vision 2030 are directly or indirectly tied to AI, propelling the Kingdom toward a leading position in global AI rankings.

Established in 2019, SDAIA serves as the national authority for all matters related to data (including big data) and AI, providing a centralized hub for its organization, development, and implementation.

The latest accomplishment builds on Saudi Arabia's previous achievements in the AI realm. In 2023, the Kingdom secured the top spot in the Government Strategy Index for Artificial Intelligence, in the global AI classification issued by Tortoise Intelligence, which evaluates over 60 countries. Stanford University International AI Index 2023 ranked Saudi Arabia second globally in public awareness about AI.

These global accolades align with SDAIA's tireless efforts to solidify Saudi Arabia's position as a global leader in data and AI. Its multifaceted approach includes capacity building, policy development, fostering investment and innovation, strengthening technical infrastructure, and promoting the adoption of AI solutions in priority areas aligned with national objectives.

SDAIA is dedicated to achieving a set of strategic goals, including continuous modernization of the national data and AI agenda, and ensuring its successful implementation at the national level. Its steadfast commitment paves the way for Saudi Arabia to become a frontrunner in the information, data, and AI-driven economies of the future.

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Taiwan Tech Giant Foxconn’s 2024 Profit Misses Forecasts 

The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)
The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)
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Taiwan Tech Giant Foxconn’s 2024 Profit Misses Forecasts 

The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)
The logo of Foxconn is on display during the Smart City Summit & Expo pre-event press conference in Taipei, Taiwan, 11 March 2025. (EPA)

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.

The world's largest contract electronics manufacturer has been moving beyond assembling devices such as Apple's iPhones into areas ranging from electric vehicles to AI servers.

The company said full-year net profit rose seven percent to NT$152.7 billion (US$4.6 billion).

That compares with an average forecast of NT$159.4 billion, according to a Bloomberg News survey of analysts.

Full-year revenue rose 11 percent to NT$6.9 trillion, beating the market forecast of NT$6.8 trillion.

Foxconn, also known as Hon Hai Precision Industry, has been riding a wave of global demand for generative AI in recent years.

The company reported a "strong performance" in its AI server business, with revenue up 150 percent, according to documents released ahead of an earnings call with analysts.

This year would be the "Year of AI", the company said, with shipments increasing in every quarter.

The earnings announcement comes as US President Donald Trump imposed tariffs against major trading partners including China, Canada and Mexico, igniting trade wars and causing markets to fall.

While Foxconn has plants around the world, the bulk of its operations is based in China, which has been hit by 20 percent levies on products shipped to the United States.

Foxconn is building a mega-AI server plant in Mexico, which a local official told Bloomberg recently would be completed in a year despite Trump's tariff threats.

The $900 million assembly plant near Guadalajara will become the world's largest to be powered by Nvidia's GB200 AI chips, Jalisco Governor Pablo Lemus Navarro said.

Foxconn has also been in the spotlight over potential cooperation with Japanese automaker Nissan after its merger talks with rival Honda fell through in February.

Chairman Young Liu said previously that Foxconn was open to buying French auto giant Renault's stake in Nissan and was looking into a cooperation with Nissan, not a merger.

Foxconn has been looking to expand into the Japanese EV market and Liu said last month the company would announce "good news" in EVs within one or two months.