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GAIA Generative AI Accelerator Allocates $160 Million for 120 Startups

The Saudi Data and Artificial Intelligence Authority (SDAIA) logo
The Saudi Data and Artificial Intelligence Authority (SDAIA) logo
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GAIA Generative AI Accelerator Allocates $160 Million for 120 Startups

The Saudi Data and Artificial Intelligence Authority (SDAIA) logo
The Saudi Data and Artificial Intelligence Authority (SDAIA) logo

Supported by Saudi Data and Artificial Intelligence Authority (SDAIA) and the National Technology Development Program (NTDP), in cooperation with New Native Inc., GAIA, the generative artificial-intelligence (AI) accelerator, contributed to supporting and empowering start-ups specialized in generative AI with the aim of improving them and accelerating their entry to the market.

GAIA has established four AI Hackathons so far, where more than 7,000 participants and AI developers have created 185 prototypes. The program budget has reached $30 million with the aim of empowering 300 startups in generative AI.

The first batch of GAIA accelerator was launched in July 2023 with the participation of 15 startups with the value of its investment fund amounting to $160 million that aims to invest in 120 companies in the early stages, as it tracks the progress of startups automatically using generative AI techniques.

The establishment of GAIA falls within efforts of SDAIA and NTDP to enhance the Kingdom’s pioneering scientific status as a leading enabler of AI technologies.

GAIA works on empowering the environmental AI systems in the Middle East-North Africa (MENA) region through offering programs that target the entrepreneurship sector and technology startups and attract Al-driven businesses in the Kingdom.

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Italy Fines OpenAI over ChatGPT Privacy Rules Breach

The Italian watchdog also ordered OpenAI to launch a six-month campaign on Italian media to raise public awareness about how ChatGPT works - Reuters
The Italian watchdog also ordered OpenAI to launch a six-month campaign on Italian media to raise public awareness about how ChatGPT works - Reuters
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Italy Fines OpenAI over ChatGPT Privacy Rules Breach

The Italian watchdog also ordered OpenAI to launch a six-month campaign on Italian media to raise public awareness about how ChatGPT works - Reuters
The Italian watchdog also ordered OpenAI to launch a six-month campaign on Italian media to raise public awareness about how ChatGPT works - Reuters

Italy's data protection agency said on Friday it fined ChatGPT maker OpenAI 15 million euros ($15.58 million) after closing an investigation into use of personal data by the generative artificial intelligence application.

The fine comes after the authority found OpenAI processed users' personal data to "train ChatGPT without having an adequate legal basis and violated the principle of transparency and the related information obligations towards users".

OpenAI said the decision was "disproportionate" and that the company will file an appeal against it.

The investigation, which started in 2023, also concluded that the US-based company did not have an adequate age verification system in place to prevent children under the age of 13 from being exposed to inappropriate AI-generated content, the authority said, Reuters reported.

The Italian watchdog also ordered OpenAI to launch a six-month campaign on Italian media to raise public awareness about how ChatGPT works, particularly as regards to data collection of users and non-users to train algorithms.

Italy's authority, known as Garante, is one of the European Union's most proactive regulators in assessing AI platform compliance with the bloc's data privacy regime.

Last year it briefly banned the use of ChatGPT in Italy over alleged breaches of EU privacy rules.

The service was reactivated after Microsoft-backed OpenAI addressed issues concerning, among other things, the right of users to refuse consent for the use of personal data to train the algorithms.

"They've since recognised our industry-leading approach to protecting privacy in AI, yet this fine is nearly twenty times the revenue we made in Italy during the relevant period," OpenAI said, adding the Garante's approach "undermines Italy's AI ambitions".

The regulator said the size of its 15-million-euro fine was calculated taking into account OpenAI's "cooperative stance", suggesting the fine could have been even bigger.

Under the EU's General Data Protection Regulation (GDPR) introduced in 2018, any company found to have broken rules faces fines of up to 20 million euros or 4% of its global turnover.