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Top Tech Investors to Participate in 3rd Edition of LEAP in Riyadh

The event will feature more than 1,000 top speakers at 10 different stages. SPA
The event will feature more than 1,000 top speakers at 10 different stages. SPA
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Top Tech Investors to Participate in 3rd Edition of LEAP in Riyadh

The event will feature more than 1,000 top speakers at 10 different stages. SPA
The event will feature more than 1,000 top speakers at 10 different stages. SPA

LEAP is slated to hold its third edition, from March 4 to 7 at Riyadh Exhibition and Convention Center, Malham, under the theme “Into New Worlds”.
Organized by the Ministry of Communications & Information Technology, the Saudi Federation for Cybersecurity, Programming, and Drones, and Tahaluf company, the event will feature more than 1,000 top speakers at 10 different stages, according to a statement from the organizing committee.
LEAP will host the Investor Stage, in which world’s top investors will discuss innovative investment opportunities. This stage will also address topics such as the intersection of technology with government policies and innovation, and successful financing strategies.
It will also feature the Startup Stage, in which expert speakers such as Blossom Accelerator CEO & Founder Emon Shakoor, Raiven Capital Founding Partner Supreet Singh Manchanda, and Adaverse Founding Partner Vincent Li will discuss startup growth and innovation.
Sessions will address topics such as business planning and strategies, nurturing concepts into viable startup ideas, and the importance of enhancing user experience.
According to the statement, the Rocket Fuel Pitch competition returns at the third edition of LEAP, with total prizes exceeding $1,000,000 in six categories: LEAP Award $250,000 for the strongest, most outstanding startup across the whole competition, Shooting Star Award $150,000 for the early stage startup beginning its journey, the Aviatrix Award $150,000 for the best, most innovative startup pioneered by women founders, Technology for Humanity Award $150,000 for the startup that best embodies the “tech for humanity” spirit of LEAP, the Into New Worlds Award $150,000 for the most impressive startup occupying the Metaverse and Web 3.0 space, and the Artificial Intelligence Award $150,000 for the startup that presents the most exciting, ground-breaking usage of artificial intelligence.
The third edition of LEAP, held in partnership with the Small and Medium Enterprises General Authority (Monsha'at), and strategic partner STC, will be attended by world leading tech companies like Google, Microsoft, Oracle, Dell, Cisco, Avaya, SAP, ServiceNow, Ericsson, Amazon Web Services, IBM, Alibaba Group, and Huawei.

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US Supports Musk Argument in OpenAI Lawsuit

OpenAI logo is seen in front of Elon Musk photo in this illustration taken March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
OpenAI logo is seen in front of Elon Musk photo in this illustration taken March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
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US Supports Musk Argument in OpenAI Lawsuit

OpenAI logo is seen in front of Elon Musk photo in this illustration taken March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
OpenAI logo is seen in front of Elon Musk photo in this illustration taken March 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

 

US antitrust enforcers weighed in on Friday on Elon Musk's lawsuit seeking to block OpenAI's conversion to a public company, pointing out legal doctrines that support his claim that OpenAI and Microsoft (MSFT.O), engaged in anticompetitive practices.

The US Federal Trade Commission and Department of Justice were not expressing an opinion on the case, but offered legal analysis on aspects of the case ahead of a Tuesday hearing in Oakland, California. Musk co-founded OpenAI and owns AI startup xAI, Reuters reported.

A spokesperson for OpenAI referred to a court document where the company said the lawsuit lacks evidence and amounts to harassment.

Musk's lawyer Marc Toberoff said, "the participation of the DOJ and FTC is a sign of how seriously regulators take OpenAI and Microsoft’s misconduct.”

The FTC is separately looking into partnerships in AI, including between Microsoft and OpenAI, investigating potentially anticompetitive conduct at Microsoft and probing whether OpenAI violated consumer protection laws.

Musk alleges OpenAI violated antitrust law by making investors agree not to invest in rival artificial intelligence firms, and by sharing board members with Microsoft, which is also a defendant in the lawsuit.

OpenAI has said the board member claims are moot, because Microsoft board member Reid Hoffman, who was on OpenAI's board, and Microsoft executive Deannah Templeton, who had an observer seat, are no longer affiliated with it.

But even after they leave boards, directors could still have sensitive competitive information, the FTC and DOJ said. Board members who only have observer status are not exempt from the law, the authorities said in their brief.

Musk also claims that OpenAI facilitated a group investor boycott against its rivals. Such claims are viable even when the organizer of the boycott is not a member, the FTC and DOJ said.