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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
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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.

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Germany Says Aims to be World Leader in Quantum Technologies

German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)
German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)
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Germany Says Aims to be World Leader in Quantum Technologies

German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)
German Chancellor Olaf Scholz stands next to a Quantum system during the inauguration of IBM's quantum data center at the IBM Campus in Ehningen, southern Germany, on October 1, 2024. (Photo by SILAS STEIN / AFP)

German Chancellor Olaf Scholz vowed to support the development of quantum technologies, saying at the opening of an IBM data center on Tuesday that investment in the sector was crucial for the future of Europe's biggest economy.

"Our goal is clear: to be global leader in quantum technologies," said Scholz, adding Germany had invested 2 billion euros ($2.22 billion) on quantum technology since 2020.

"This is the basis of our economic success and prosperity," he said at the opening of IBM's Quantum European Data Center in Ehningen, a roughly 290-million-euro investment. The center will allow users in Europe and elsewhere to access services for cloud-based quantum computing research, Reuters reported.

Quantum computers could operate millions of times faster than advanced supercomputers. So far, the United States and China have led the technology.

Other projects in Germany include the joint development of quantum processors by Infineon and eleQtron GmbH.
Scholz said Germany was focused on semiconductors, AI, pharmaceuticals and bio- and climate technologies.
"These are the areas we need to lead," said Scholz.