Saudi Communications Minister Meets Leaders of Major Korean Companies

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha meets with leaders from major technology, space, and innovation companies during his visit to South Korea. (SPA)
Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha meets with leaders from major technology, space, and innovation companies during his visit to South Korea. (SPA)
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Saudi Communications Minister Meets Leaders of Major Korean Companies

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha meets with leaders from major technology, space, and innovation companies during his visit to South Korea. (SPA)
Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha meets with leaders from major technology, space, and innovation companies during his visit to South Korea. (SPA)

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha met with leaders from major technology, space, and innovation companies during his visit to South Korea, reported the Saudi Press Agency on Friday.

During a meeting with President of Korean Aerospace Industries Company Kang Goo-young, Al-Swaha and a delegation representing relevant authorities discussed strengthening Saudi Arabia's space capabilities and forming partnerships in the areas of advanced technologies, satellite development, systems integration, and space services.

The minister met with the leaders of NAVER company to expand their partnership in advanced technical solutions based on data and artificial intelligence.

The partnership aims to boost the systems and services for innovative business models for emerging Saudi companies. During the visit, the minister also met with Samsung and several venture capital investors and investment funds.



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.