Saudi Arabia Ranks 1st in Government Strategy for Artificial Intelligence in Tortoise Global AI Index

The Kingdom ranked first in the Government Strategy Index for Artificial Intelligence and secured 31st position in the total classification indicators issued by Tortoise
The Kingdom ranked first in the Government Strategy Index for Artificial Intelligence and secured 31st position in the total classification indicators issued by Tortoise
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Saudi Arabia Ranks 1st in Government Strategy for Artificial Intelligence in Tortoise Global AI Index

The Kingdom ranked first in the Government Strategy Index for Artificial Intelligence and secured 31st position in the total classification indicators issued by Tortoise
The Kingdom ranked first in the Government Strategy Index for Artificial Intelligence and secured 31st position in the total classification indicators issued by Tortoise

Saudi Arabia ranked first globally in the Government Strategy Index for Artificial Intelligence, one of the indicators of the global classification of artificial intelligence issued by Tortoise Intelligence, which evaluates more than 60 countries in the world.

Germany and China secured the second and third rankings, respectively.

The Global Ranking of Artificial Intelligence incorporates more than 100 indicators, categorized into seven sub-pillars: government strategy, research, development, talent, infrastructure, operating environment, and commercial.

The Kingdom ranked first in the Government Strategy Index for Artificial Intelligence and secured 31st position in the total classification indicators issued by Tortoise, a company that has a global advisory board that includes experts in artificial intelligence from around the world.

The Kingdom has accomplished a remarkable feat, scoring 100% in all criteria of the index related to artificial intelligence. This includes the establishment of the National Strategy for Data and AI (NSDAI) within the Kingdom, the presence of a dedicated government authority for artificial intelligence, the allocation of funding and budget for AI initiatives, and the formulation and monitoring of national targets for artificial intelligence.

The Saudi Data and Artificial Intelligence Authority has led the national plans for data and artificial intelligence to achieve the aspirations of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the SDAIA Board of Directors, and the objectives of the Saudi Vision 2030.

It has worked to develop the National Strategy for Data and AI (NSDAI) to unify efforts and launch national initiatives in data and artificial intelligence and make optimal use of them.

This significant achievement by the Kingdom perfectly aligns with the overarching goals of Saudi Vision 2030, which aims to position the country prominently in global indicators across various domains.



OpenAI Secures $4 bln Credit Facility

The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
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OpenAI Secures $4 bln Credit Facility

The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)

OpenAI said on Thursday it has secured a new $4 billion credit facility, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.

The revolving credit facility that is undrawn at closing has been established with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC, Reuters reported.

The company now has access to over $10 billion in liquidity, OpenAI said in a blog post.