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Saudi Arabia: SDAIA, NTDP Launch Groundbreaking AI Accelerator

GAIA 10-week accelerator program at King Abdulaziz City for Science and Technology in Riyadh seeks to enhance the Kingdom’s scientific status and pioneering position in AI. SPA
GAIA 10-week accelerator program at King Abdulaziz City for Science and Technology in Riyadh seeks to enhance the Kingdom’s scientific status and pioneering position in AI. SPA
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Saudi Arabia: SDAIA, NTDP Launch Groundbreaking AI Accelerator

GAIA 10-week accelerator program at King Abdulaziz City for Science and Technology in Riyadh seeks to enhance the Kingdom’s scientific status and pioneering position in AI. SPA
GAIA 10-week accelerator program at King Abdulaziz City for Science and Technology in Riyadh seeks to enhance the Kingdom’s scientific status and pioneering position in AI. SPA

The Saudi Data and Artificial Intelligence Authority (SDAIA) and the National Technology Development Program (NTDP), in cooperation with New Native Inc., launched Tuesday GAIA, the world’s first generative artificial-intelligence (AI) early-stage accelerator program in the Middle East and North Africa (MENA) region.

GAIA 10-week accelerator program at King Abdulaziz City for Science and Technology in Riyadh seeks to enhance the Kingdom’s scientific status and pioneering position in AI and targets the entrepreneurship sector and technology startups with coaching sessions and training on mechanisms to transform innovative ideas into successful Al-driven businesses.

GAIA accelerator program aims to shed light on the Kingdom’s pioneering AI roles and creating 300 new Al companies within 36 months. It also will work to create a community for local and international AI start-ups, where they can exchange expertise and enhance cooperation.

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Apple CEO Visits China for Second Time This Year as Sales Slump

CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)
CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)
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Apple CEO Visits China for Second Time This Year as Sales Slump

CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)
CEO of Apple Tim Cook gives a presentation as Apple holds an event at the Steve Jobs Theater on its campus in Cupertino, California, US September 9, 2024. (Reuters)

Apple CEO Tim Cook was in China for the second time this year, he said on social media Tuesday, as the US technology giant seeks to shore up slumping sales in a crucial overseas market.

The iPhone maker remains popular among Chinese consumers but has ceded ground to domestic rivals in recent years as the Asian nation faces slowing economic growth and sluggish consumption.

Cook said Tuesday on his official account on social media platform Weibo that he had met with Chinese university students using Apple products to boost sustainable farming practices.

And in another video uploaded to his official page late Monday, Cook accompanied fashion photographer Chen Man on a walk through a historic quarter of the Chinese capital.

"It's great to be back in Beijing," Cook wrote.

Apple reported a $21.4 billion profit in the three months ending in June, on $85.8 billion in revenue over the period. The revenue was a five percent jump from a year ago.

But the iPhone maker's sales in China have come under pressure from homegrown competitors like Huawei in recent years.

The company was only the sixth-biggest smartphone vendor in China in the second quarter, down from the third biggest in the equivalent period last year, according to data by Canalys, a market analysis firm.

Cook last visited China in March, when he opened a new Apple store in Shanghai and attended a forum in Beijing alongside other top executives.