Saudi Arabia, Japan Reach Strategic Partnership to Develop Digital Economy

The Saudi Ministry of Communications and Information Technology and Japan’s Digital Agency have signed a memorandum of understanding concerning digital economy.
The Saudi Ministry of Communications and Information Technology and Japan’s Digital Agency have signed a memorandum of understanding concerning digital economy.
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Saudi Arabia, Japan Reach Strategic Partnership to Develop Digital Economy

The Saudi Ministry of Communications and Information Technology and Japan’s Digital Agency have signed a memorandum of understanding concerning digital economy.
The Saudi Ministry of Communications and Information Technology and Japan’s Digital Agency have signed a memorandum of understanding concerning digital economy.

The Saudi Ministry of Communications and Information Technology and Japan’s Digital Agency have signed a memorandum of understanding concerning digital economy, developing digital government and accelerating the adoption of modern technologies, reported the Saudi Press Agency on Wednesday.

The agreement was reached during the visit headed by Minister of Communications and Information Technology Eng. Abdullah Al-Swaha to Japan to boost partnership in the fields of technology, innovation and space.

Under its terms, the two countries will cooperate to promote and support government digital services, including digital platforms, e-signatures and documentation, build capacity and share knowledge.

The two sides will also cooperate in research and innovation, establishing research teams to develop digital government services and exchange best practices and policies that enable the use of emerging technologies in businesses and improve customer experience.

The memorandum was signed by Al-Swaha and Japanese Minister for Digital Transformation Kono Taro; several officials from both sides attended the signing ceremony.



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.