Saudi Arabia, China Discuss Efforts to Boost Technological Partnership

The Saudi and Chinese delegations meet in Beijing. (SPA)
The Saudi and Chinese delegations meet in Beijing. (SPA)
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Saudi Arabia, China Discuss Efforts to Boost Technological Partnership

The Saudi and Chinese delegations meet in Beijing. (SPA)
The Saudi and Chinese delegations meet in Beijing. (SPA)

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met with Beijing Mayor Yin Yong to discuss developing a partnership between the Kingdom and China in technology, space and innovation.

The officials in Beijing discussed partnerships in the field of smart city technologies and efforts to develop technological competencies and facilities for Saudi entrepreneurial companies to enter the markets of Beijing, as well as the exchange of expertise in several technological areas, mainly digital entrepreneurship and legislation related to the digital economy growth.

Vice Minister of Communications and Information Technology Haytham Al-Ohali and Saudi Ambassador to China Abdulrahman Al-Harbi also attended the meeting.

Al-Swaha also met with Chinese Minister of Science and Technology Wang Zhigang.

They discussed ways of expanding partnerships in research, development and innovation, especially in fields related to health, environmental sustainability, energy, industry and economics of the future, which is in line with the national priorities for research, development and innovation launched by the Kingdom.



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.