Al-Ghamdi to Asharq Al-Awsat: SDAIA Adopts 3 Pillars for Building AI Capabilities

Dr. Ahmed Al-Ghamdi, the supervisor of the capacity-building sector at the Saudi Data and Artificial Intelligence Authority (SDAIA), speaks to Asharq Al-Awsat on the sidelines of the GAIN Summit. (Asharq Al-Awsat)
Dr. Ahmed Al-Ghamdi, the supervisor of the capacity-building sector at the Saudi Data and Artificial Intelligence Authority (SDAIA), speaks to Asharq Al-Awsat on the sidelines of the GAIN Summit. (Asharq Al-Awsat)
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Al-Ghamdi to Asharq Al-Awsat: SDAIA Adopts 3 Pillars for Building AI Capabilities

Dr. Ahmed Al-Ghamdi, the supervisor of the capacity-building sector at the Saudi Data and Artificial Intelligence Authority (SDAIA), speaks to Asharq Al-Awsat on the sidelines of the GAIN Summit. (Asharq Al-Awsat)
Dr. Ahmed Al-Ghamdi, the supervisor of the capacity-building sector at the Saudi Data and Artificial Intelligence Authority (SDAIA), speaks to Asharq Al-Awsat on the sidelines of the GAIN Summit. (Asharq Al-Awsat)

Dr. Ahmed Al-Ghamdi, the supervisor of the capacity-building sector at the Saudi Data and Artificial Intelligence Authority (SDAIA), said the Authority is building its capabilities on three main pillars: inspiration, development, and sustainability.

In an interview with Asharq Al-Awsat on the sidelines of the third edition of the Global AI Summit (GAIN) in Riyadh on Tuesday, Al-Ghamdi revealed that SDAIA has achieved notable results, reaching nearly 600,000 beneficiaries through its AI awareness and inspiration activities.

He stated that the Authority is focused on developing capabilities that can create AI applications and technologies, having empowered around 7,000 specialists and experts in this field to date.

Al-Ghamdi also announced that SDAIA is forming partnerships with major AI companies to enhance capacity building, particularly at the national level. He explained that the Authority will establish partnerships with Microsoft, Dell, Oracle, and several national organizations, stressing that these efforts will significantly contribute to strengthening AI capacity building.

He added that SDAIA is working to raise AI awareness by promoting its proper use and ethics.

The summit brings AI leaders, thinkers, and inventors to Riyadh to discuss key issues in the field and to develop future visions and solutions for the benefit of humanity, reinforcing Saudi Arabia’s role as a leader in technology and artificial intelligence, he remarked.

The presence of these elite leaders from major tech companies, academic institutions, and universities in Riyadh will shape future directions for AI in tackling important and critical issues, he stressed.

Among these issues, he noted AI governance, avoiding bias, ethics, and strengthening capacity building in the field, while ensuring learning opportunities for all.

AI is a revolutionary, transformative technology that will reshape the global landscape, impacting daily life, tasks, and business operations, stressed Al-Ghamdi.



Gold Extends Slide to 1-week Low on Curbed Safety Demand, Stronger Dollar

A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo
A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo
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Gold Extends Slide to 1-week Low on Curbed Safety Demand, Stronger Dollar

A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo
A view shows an ingot of 99.99 percent pure gold in a workroom during production at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, May 23, 2024. REUTERS/Alexander Manzyuk/File Photo

Gold prices extended declines on Tuesday, hitting a more than one-week low, pressured by a jump in US dollar and easing safe-haven demand after reports of a possible Lebanon-Israel ceasefire.

Spot gold was down 0.4% at $2,614.56 per ounce as of 0845 GMT, after hitting its lowest since Nov. 18 earlier in the session. US gold futures edged 0.1% lower to $2,614.80, Reuters reported.

The precious metal fell 3.2% on Monday, its deepest one-day decline in more than five months, on news that Israel looked set to approve a US plan for a ceasefire with the Iran-backed Hezbollah, with further pressure from Trump's nomination of Scott Bessent as the US Treasury secretary.

Meanwhile, the Kremlin said it had noted that Trump's circle was speaking about a potential peace plan for Ukraine.

"This has reduced the geopolitical risk premium, leading to a decline in gold prices," said Soni Kumari, a commodity strategist at ANZ, adding that a stronger US dollar is also weighing on investor appetite for gold. The dollar was up by 0.3%, after US President-elect Donald Trump vowed tariffs against Mexico, Canada and China, reducing gold's appeal for holders of other currencies.

"So now the focus will shift back to, what Fed is going to do in December meeting," Kumari said. Federal Reserve Bank of Minneapolis President Neel Kashkari, typically on the hawkish end of the US central bank's policy spectrum, said he is open to cutting rates again next month.

Traders will also keep a close eye on US consumer confidence data and the minutes from the Fed's November meeting later in the day.

"I expect gold to trade in a narrow range in the short term, with a slight upward drift," Matt Simpson, a senior analyst at City Index said.

Spot silver slipped by 0.1% to $2,614.80 per ounce, platinum shed 1.1% to $928.40 and palladium was down 0.2% to $971.10.