SDAIA, Samsung Sign MoU to Explore Localization of Digital Technologies, Innovations

SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
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SDAIA, Samsung Sign MoU to Explore Localization of Digital Technologies, Innovations

SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)
SDAIA signed a memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations. (SPA)

The Saudi Data and Artificial Intelligence Authority (SDAIA) signed on Wednesday memorandum of understanding with Samsung Electronics Co. Limited to explore the localization of digital technologies and innovations.

The signing ceremony took place during SDAIA's participation in the third edition of the LEAP 2024 technological conference in Riyadh.

The MoU was signed on behalf of SDAIA by the Assistant Director of the National Information Center for the Tawakkalna Saleh bin Salem Musaibah and by Hyun-Dong Lee, the General Manager of Samsung Saudi Electronics Limited.

Cooperation aspects of the memorandum include automatically adding Tawakkalna system applications to all Samsung devices in the Kingdom and providing training services and workshops on the latest technologies used in application development.

Also at LEAP 2024, SDAIA signed an MoU with PwC Middle East to conduct experiments and research on the latest AI technologies.

In addition, SDAIA will create models specifically designed for the Arabic language to establish an advanced virtual laboratory for AI and a generative AI experiments center (GenAI).

CEO of Business Development Raed bin Faleh Al-Faleh signed on behalf of SDAIA, while General Manager Fadi Al-Qamati signed on behalf of PwC Middle East.



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.