Saudi Minister of Communications Meets NVIDIA CEO to Support Digital Economic Growth

The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA
The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA
TT

Saudi Minister of Communications Meets NVIDIA CEO to Support Digital Economic Growth

The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA
The Saudi Minister of Communications has met with the CEO of NVIDIA in Riyadh. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Alswaha has met with the CEO of NVIDIA, Jensen Huang, in Riyadh.

The purpose of Saturday’s meeting was to enhance the strategic partnership and bolster support for the growth of the digital economy in the region. The Kingdom holds the position of the largest market for technology and innovation in the Middle East and North Africa.

They discussed investment opportunities, promoting innovation in deep technologies, maximizing the economic and social value of adopting generative artificial intelligence technologies, and capitalizing on various opportunities within the growing digital industry in the Saudi market.



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)
TT

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.