Saudi MCIT and TONOMUS Announce I.D.E.A. Initiative

The Saudi Ministry of Communications and Information Technology (MCIT) and TONOMUS announced The Immersive Digital Environments and Assets (I.D.E.A.) Initiative. (SPA)
The Saudi Ministry of Communications and Information Technology (MCIT) and TONOMUS announced The Immersive Digital Environments and Assets (I.D.E.A.) Initiative. (SPA)
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Saudi MCIT and TONOMUS Announce I.D.E.A. Initiative

The Saudi Ministry of Communications and Information Technology (MCIT) and TONOMUS announced The Immersive Digital Environments and Assets (I.D.E.A.) Initiative. (SPA)
The Saudi Ministry of Communications and Information Technology (MCIT) and TONOMUS announced The Immersive Digital Environments and Assets (I.D.E.A.) Initiative. (SPA)

The Saudi Ministry of Communications and Information Technology (MCIT) and TONOMUS, the NEOM-born cognitive technology company, announced The Immersive Digital Environments and Assets (I.D.E.A.) Initiative.
The initiative, originally showcased during a keynote presentation at LEAP 2024, is envisioned to propel the Saudi immersive technology sector among the leading nations and fuel the Kingdom’s digital economy ambitions as part of economic diversification, realizing Saudi Arabia’s vision 2030, the Saudi Press Agency said.
Through the initiative, MCIT, TONOMUS, and partners will work closely to activate a national partner network to engage policymakers, researchers, technology providers, and end users in the participatory design of ecosystem interventions.
The initiative will create a unified strategic plan and activation roadmap across public- and private-sector partners to jumpstart immersive tech economy development as well as to develop a comprehensive solution blueprint for national immersive tech developments and establish standards to unite a diverse array of technology stakeholders.
MCIT and TONOMUS have already onboarded more than 15 potential partners across Saudi Arabia’s tech landscape and have issued a call to interested organizations to engage.
I.D.E.A. spans immersive experiences, virtual collaboration spaces, industrial digital twin and metaverse applications enabled by the convergence of several emerging technologies, including mixed reality, artificial intelligence (AI), three-dimensional (3D) modeling, and spatial computing, among others.
“The launch of this initiative is a testament to The Kingdom’s ambition to harness technology in building a thriving digital society and economy,” said MCIT Undersecretary for Technology Mohammed Alrobayan.
“For MCIT, this initiative is directly aligned with our objectives of growing the technology sector and supporting localized technology development. The involvement of TONOMUS and our plan for this partner network reinforces MCIT’s support for collaboration across the public and private sectors. We want to be at the forefront of immersive technology and accelerate a new wave of digital transformation”, he added.
“At the core,” said TONOMUS chief commercial officer Yousef Khalili,” this initiative is an effort to develop a local immersive tech ecosystem by driving technology adoption and supporting next-generation tech solutions. This partnership has been more than a year in the making and is based on a shared vision at the intersection of MCIT’s goal to unlock more value for the Kingdom through technology, and TONOMUS’ ambition to be a home-grown cognitive technology champion. TONOMUS is committed to developing innovative, next-generation technology solutions to propel Saudi organizations into the future”.



TikTok Calls Report of Possible Sale to Musk's X 'Pure Fiction'

The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)
The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)
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TikTok Calls Report of Possible Sale to Musk's X 'Pure Fiction'

The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)
The TikTok logo is displayed outside the offices of the social media app's company offices in Culver City, California, on March 16, 2023. (AFP)

TikTok on Tuesday labeled as "pure fiction" a report that China is exploring a potential sale of the video-sharing platform's US operations to billionaire Elon Musk as the firm faces an American law requiring imminent Chinese divestment.

Citing anonymous people familiar with the matter, Bloomberg News had earlier reported that Chinese officials were considering selling the company's US operations to Musk's social media platform X.

The report outlined one scenario being discussed in Beijing where X would purchase TikTok from Chinese owner ByteDance and combine it with the platform formerly known as Twitter.

"We cannot be expected to comment on pure fiction," a TikTok spokesperson told AFP.

The report estimated the value of TikTok's US operations at between $40 billion and $50 billion.

Although Musk is currently ranked as the world's wealthiest person, Bloomberg said it was not clear how Musk could execute the transaction, or if he would need to sell other assets.

The US Congress passed a law last year that requires ByteDance to either sell its wildly popular platform or shut it down. It goes into effect on Sunday -- a day before President-elect Donald Trump takes office.

The US government alleges TikTok allows Beijing to collect data and spy on users and is a conduit to spread propaganda. China and ByteDance strongly deny the claims.

TikTok has challenged the law, taking an appeal all the way to the US Supreme Court, which heard oral arguments on Friday.

At the hearing, a majority of the conservative and liberal justices on the nine-member bench appeared skeptical of arguments by a lawyer for TikTok that forcing a sale was a violation of First Amendment free speech rights.

Bloomberg characterized Beijing's consideration of a possible Musk transaction as "still preliminary," noting that Chinese officials have yet to reach a consensus on how to proceed.

Musk is a close ally of Trump and is expected to play an influential role in Washington in the coming four years.

He also runs electric car company Tesla, which has a major factory in China and counts the country as one of the automaker's biggest markets.

Trump has repeatedly threatened to enact new tariffs on Chinese goods, which would expand a trade war begun in his first term and which was largely upheld, and in some cases supplemented, by outgoing President Joe Biden.