Saudi Communications Minister Meets with ITU Secretary-General, Global Tech Leaders

The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA
The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA
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Saudi Communications Minister Meets with ITU Secretary-General, Global Tech Leaders

The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA
The discussions in Davos focused on stimulating partnerships and initiatives aimed at connecting the world and the importance of seizing opportunities in generative artificial intelligence. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha has discussed with the Secretary-General of the International Telecommunication Union (ITU), Doreen Bogdan-Martin, ways to enhance cooperation and digital inclusion.

The discussion in Davos on Monday also focused on stimulating partnerships and initiatives aimed at connecting the world, empowering individuals, and protecting the planet.

The meeting, held as part of the Saudi delegation's participation in the annual World Economic Forum meeting, emphasized the significance of expanding partnerships to foster the digital economy's growth.

It also highlighted the importance of seizing opportunities in generative artificial intelligence, developing national digital skills, and enabling digital entrepreneurship.

Al-Swaha also met with various leaders of prominent global technology and innovation companies to enhance partnerships in the digital economy and innovation sectors.

The discussions focused on developing solutions and technologies related to cloud computing, generative artificial intelligence, and enhancing the digital capabilities of Saudis in emerging technologies and localizing digital content.

Additionally, the minister conducted meetings with the founder and CEO of Scale AI, Alexander Wang and President and CEO of the Ericsson Group Borje Ekholm to explore partnerships, exchange expertise, and foster the growth of the digital economy and innovation.



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.