stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU

stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU
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stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU

stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU

stc Group, the engine of digital transformation, has announced the launch of the 11th intake of the "inspireU: General Program", a program designed to propel early-stage startups forward with a focus on strategic domains by having a specialized track on gaming with stc play, cybersecurity with sirar by stc, fintech with stc Bank, and IoT with iot squared, according to an stc press release.
Aligned with Saudi Arabia's Vision 2030, inspireU aims to diversify the economy and foster digital innovation, SPA reported.

Through this program, stc creates a supportive environment for startups and enables entrepreneurs. The program aims to accelerate worldwide startup growth and create value for stc by facilitating the link between stc ecosystem startups, offering international and local promotional exposure, soft-landing support, services from inspireU partners, office space 24/7, Silicon Valley expertise, world-class mentoring, and fundraising support.
Since its inception in 2015, the inspireU program has been a beacon of success, accelerating and promoting over 110 digital startups across diverse fields. These startups have generated investments exceeding 1 billion SAR and have developed a market value of more than 12 billion SAR.

This success has translated into over 600,000 direct and indirect job opportunities, benefiting a user of more than 40 million individuals.
The program also aims to significantly impact the region, fostering innovation and accelerating growth. In addition, its contribution to the local and global entrepreneurial landscape is anticipated to positively influence the GDP and drive technological advancements.



OpenAI Appoints Former Top US Cyberwarrior Paul Nakasone to its Board of Directors

OpenAI showed off the latest update to its artificial intelligence model, which can mimic human cadences in its verbal responses and can even try to detect people’s moods. - The AP.
OpenAI showed off the latest update to its artificial intelligence model, which can mimic human cadences in its verbal responses and can even try to detect people’s moods. - The AP.
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OpenAI Appoints Former Top US Cyberwarrior Paul Nakasone to its Board of Directors

OpenAI showed off the latest update to its artificial intelligence model, which can mimic human cadences in its verbal responses and can even try to detect people’s moods. - The AP.
OpenAI showed off the latest update to its artificial intelligence model, which can mimic human cadences in its verbal responses and can even try to detect people’s moods. - The AP.

OpenAI has appointed a former top US cyberwarrior and intelligence official to its board of directors, saying he will help protect the ChatGPT maker from “increasingly sophisticated bad actors.”

Retired Army Gen. Paul Nakasone was the commander of US Cyber Command and the director of the National Security Agency before stepping down earlier this year.

He joins an OpenAI board of directors that's still picking up new members after upheaval at the San Francisco artificial intelligence company forced a reset of the board's leadership last year. The previous board had abruptly fired CEO Sam Altman and then was itself replaced as he returned to his CEO role days later, Reuters.

OpenAI reinstated Altman to its board of directors in March and said it had “full confidence” in his leadership after the conclusion of an outside investigation into the company’s turmoil. OpenAI's board is technically a nonprofit but also governs its rapidly growing business.

Nakasone is also joining OpenAI's new safety and security committee — a group that's supposed to advise the full board on “critical safety and security decisions” for its projects and operations. The safety group replaced an earlier safety team that was disbanded after several of its leaders quit.

Nakasone was already leading the Army branch of US Cyber Command when then-President Donald Trump in 2018 picked him to be director of the NSA, one of the nation's top intelligence posts, and head of US Cyber Command. He maintained the dual roles when President Joe Biden took office in 2021. He retired in February.