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SDAIA Signs MoC with Japanese Company NEC to Develop AI Solutions

SPA
SPA
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SDAIA Signs MoC with Japanese Company NEC to Develop AI Solutions

SPA
SPA

The Saudi Data and Artificial Intelligence Authority "SDAIA" signed a Memorandum of Cooperation (MoC) in the fields of artificial intelligence (AI), biometrics, and "Internet of Things" with the Japanese company NEC, during the Saudi-Japanese round table meeting, organized by the Ministry of Investment in Jeddah, in the presence of the Japanese Prime Minister Fumio Kishida during his visit to the Kingdom Sunday.

Deputy Director of the National Information Center in SDAIA Mashari bin Ibrahim Al-Mashari represented “SDAIA” in the signing of the MoC, and the Senior Vice President of the company NEC, Naoki Yoshida, on behalf of it, SPA reported.

The MoC aims to discuss opportunities of mutual interest between the two sides and support innovation and innovative solutions for a number of applications such as; smart and safe cities, health applications, and logistics applications.

The memorandum will strengthen the " SDAIA " efforts in efficiently experimenting with technical solutions, leading the national trend for data and artificial intelligence, and achieving Saudi Vision 2030 to promote the Kingdom to data-based economies and enabling initiatives related to data and artificial intelligence.

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Microsoft Plans to Invest $80 billion on AI-enabled Data Centers in 2025

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
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Microsoft Plans to Invest $80 billion on AI-enabled Data Centers in 2025

FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo
FILE PHOTO: A Microsoft logo is pictured on a store in the Manhattan borough of New York City, New York, US, January 25, 2021. REUTERS/Carlo Allegri/File Photo

Microsoft is planning to invest about $80 billion in fiscal 2025 on developing data centers to train artificial intelligence (AI) models and deploy AI and cloud-based applications, the company said in a blog post on Friday.
Investment in AI has surged since OpenAI launched ChatGPT in 2022, as companies across sectors seek to integrate artificial intelligence into their products and services.
AI requires enormous computing power, pushing demand for specialized data centers that enable tech companies to link thousands of chips together in clusters.
Microsoft has been investing billions to enhance its AI infrastructure and broaden its data-center network.
Analysts expect Microsoft's fiscal 2025 capital expenditure including capital leases to be $84.24 billion, according to Visible Alpha.
The company's capital expenditure in the first quarter of fiscal 2025 rose 5.3% to $20 billion, Reuters reported.
As OpenAI's primary backer, the tech giant is considered a leading contender among Big Tech companies in the AI race due to its exclusive partnership with the AI chatbot maker.
More than half of Microsoft's $80 billion investment will be in the United States, Vice Chair and President Brad Smith said in the blog post.
"Today, the United States leads the global AI race thanks to the investment of private capital and innovations by American companies of all sizes, from dynamic start-ups to well-established enterprises," Smith said.