Riyadh Hosts Black Hat...World's Fastest-Growing Cybersecurity Event

Riyadh Hosts Black Hat...World's Fastest-Growing Cybersecurity Event
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Riyadh Hosts Black Hat...World's Fastest-Growing Cybersecurity Event

Riyadh Hosts Black Hat...World's Fastest-Growing Cybersecurity Event

The Black Hat 23 cybersecurity event is set to launch for the second consecutive year at Riyadh Front Exhibition & Conference Center on November 14.

The three-day event, organized by the Saudi Federation for Cybersecurity, Programming, and Drones in collaboration with Tahaluf, bears the captivating theme "Infosec on the Edge" and will feature the participation of distinguished experts, speakers, security researchers, and investors.

The second Riyadh-hosted Black Hat encompasses a wide range of significant stages, including the Executive Summit, where chief information security officers (CISOs) and executives come together to exchange insight and experiences while discussing the future of the cybersecurity sector.

The Business Hall serves as the largest gathering of prominent local and global cybersecurity companies, allowing them to showcase their products and services. The CISO Club is a consortium tailored for sector leaders, providing them exclusive access to valuable resources and activities associated with the Black Hat event, SPA reported.

The event features Arsenal, a dedicated space where developers participate in workshops focused on exploring open-source programming and encryption tools, pushing the boundaries of cybersecurity possibilities. The Deep Dive Stage delves into unexplored opportunities in the field.

The Black Hat Campus for Students connects entry-level individuals with educational and employment entities. There are technical workshops that cover the latest research and studies in information security. The event offers intensive training sessions on defensive security techniques, hack testing methods, mobile app security, and several other related topics.

The CyberSeed Competition at Black Hat presents four startup awards, which include the Innovative Ideator category for pre-revenue startups with promising ideas, Shining Seedling for early-stage revenue-generating startups, Established Excellence for experienced startups, and Saudi Superstar for recognizing cybersecurity talent in Saudi Arabia.

The event will feature a lineup of cybersecurity experts hailing from prominent international companies including Uber, Snap Inc., Apple, Zoom, Google, Coinbase, Boom, Airbus, Bae Systems, SocialProof Security, and a wide spectrum of other companies.

This year's Activity Zone offers a chance to win substantial awards exceeding SAR 1,000,000 across various challenges and competitions. These include Capture the Flag with more than 1,000 participants, Bug Bounty Cup, Lockpick Village, Chip Off Village, Drone Zone, and Smart City Simulation and Smart Contract Hacking.

Saudi Federation for Cybersecurity, Programming, and Drones CEO Mutaib Al-Qani emphasized the significance of the event. “Black Hat offers a valuable opportunity for investors, startups, and anyone interested in engaging with influential leaders in the cybersecurity sector,” he said. “This year, we aim to offer a unique edition by providing platforms and sessions that delve into the future of cybersecurity, along with a range of novel and diverse events.”

The second Riyadh-hosted Black Hat anticipates over 40,000 experts, 350 exhibitors, 300 speakers, 50 startups, and more than 150 briefings, making it as an unmissable event in the cybersecurity realm.



Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
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Nvidia’s Market Value Tops $4 Trillion

Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)
Nvidia logo is seen in this illustration created on January 27, 2025. (Reuters)

Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology.

Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion and extending its lead over Apple and Microsoft as it benefits from a surge in demand for artificial-intelligence technologies.

Nvidia's stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion. It is worth more than the combined value of all publicly listed companies in the UK.

Nvidia's high-end processors are at the center of a race between Microsoft, Amazon, Alphabet, Meta Platforms and other Wall Street heavyweights to build AI data centers and dominate the emerging technology.

Nvidia is also exposed to conflict between Washington and Beijing over trade, including restrictions on exports to China of its most powerful chips.

"Trade tensions and tariffs are a risk, as is competition. Greater AI adoption could shift part of the demand toward cheaper alternatives," Swissquote Bank senior analyst Ipek Ozkardeskaya wrote in a client note.

Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other US firms with market values above $3 trillion.

Microsoft is the second most valuable US company, with a market capitalization of $3.73 trillion. Its shares dipped 0.4% on Thursday.

Apple's stock has tumbled 15% so far in 2025, leaving its market value at $3.17 trillion, reflecting investor worries that the iPhone maker has been slow to introduce AI into its products and services.

Even after its meteoric rally, Nvidia's stock is valued at about 33 times expected earnings, below its five-year average of 41, according to LSEG.