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Saudi Delegation Discusses Technology and Innovation Partnerships with US Companies

The Saudi digital economy, space and innovation delegation has held meetings with US technology companies. SPA
The Saudi digital economy, space and innovation delegation has held meetings with US technology companies. SPA
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Saudi Delegation Discusses Technology and Innovation Partnerships with US Companies

The Saudi digital economy, space and innovation delegation has held meetings with US technology companies. SPA
The Saudi digital economy, space and innovation delegation has held meetings with US technology companies. SPA

The Saudi digital economy, space and innovation delegation has held meetings with US technology companies to foster partnerships for advancing the digital economy and enhancing innovation in the Kingdom.

The delegation is headed by Minister of Communications and Information Technology (CIT) Eng. Abdullah bin Amer Al-Swaha.
During the visit to Silicon Valley, Al-Swaha met with Databricks CEO Ali Ghodsi to explore cutting-edge business solutions leveraging data and artificial intelligence (AI), as well as investment opportunities in the Kingdom.
Deputy Minister of CIT Eng. Haytham AlOhali engaged in discussions with the leadership team of NVIDIA to explore avenues for research and innovation in deep technologies, while maximizing the economic and social value through AI.

AlOhali also met with Salesforce President and Chief Product Officer David Schmaier to explore partnership opportunities in solutions and software to support innovative business solutions.

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Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
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Global Tech Outage to Cost Air France KLM Close to $11 mln

Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)
Air France planes are parked on the tarmac at Paris Charles de Gaulle airport, in Roissy, near Paris, Saturday, April 7, 2018. Some 30 percent of Air France flights were cancelled Saturday as strikes over pay rises appear to be intensifying. (AP Photo/Christophe Ena)

Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday.

The group is one of the first airlines to disclose a cost linked to the disruption, Reuters reported.

"The expectation is that it will cost us around 10 million (euros)," Zaad said in a press call, adding that KLM and Transavia bore the brunt of the disruptions while Air France was not seriously affected.

A software update by global cybersecurity company CrowdStrike triggered systems problems that grounded flights, forced broadcasters off air and left customers without access to services such as healthcare or banking last Friday.

Delta Air Lines has been the slowest among major US carriers to recover from the outage. The carrier has cancelled more than 6,000 flights since Friday and analysts estimate the hit to its bottom line could be in the hundreds of millions of dollars. ($1 = 0.9213 euros)