Diriyah Company Signs MoU with Deutschland Technology to Elevate Safety Standards in Development Projects

The signing of the MoU is part of Diriyah Company's policies aimed at developing Diriyah - SPA
The signing of the MoU is part of Diriyah Company's policies aimed at developing Diriyah - SPA
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Diriyah Company Signs MoU with Deutschland Technology to Elevate Safety Standards in Development Projects

The signing of the MoU is part of Diriyah Company's policies aimed at developing Diriyah - SPA
The signing of the MoU is part of Diriyah Company's policies aimed at developing Diriyah - SPA

Diriyah Company said it has entered into a memorandum of understanding (MoU) with Deutschland Technology to enhance fire safety standards and procedures across various development projects, including heritage sites, tourism, and cultural destinations in Diriyah.
This collaboration addresses construction and development challenges while aligning with the Kingdom's Vision 2030 goals, according to a press release issued by the company on Sunday.
"The MoU underscores Diriyah Company's commitment to consistently improve safety best practices, prioritizing the highest protection standards," the statement said.
According to the release, in recent years, Diriyah Company has achieved significant safety milestones, such as receiving approval from TUV Austria, an international accreditation authority specializing in testing, inspection, conformity, and quality assurance. This recognition affirms that Diriyah Company's occupational health and safety management system meets ISO 45001 standards.
Diriyah Company GCEO Jerry Inzerillo said: "This is a significant moment for our development projects as Diriyah is committed to the most stringent health and safety standards, and we look forward to enhancing them further through this agreement with Deutschland Technology's capabilities and expertise in fire safety."
The MoU involves training, information sharing, studies, research, and staying updated on the latest developments in fire safety. Additionally, it includes leveraging Deutschland Technology's expertise in research and development to create innovative solutions for enhanced protection.
The partnership aims to deliver tangible outcomes that will positively impact the community in accordance with Diriyah Company's established mechanisms and systems. It focuses on enhancing the capabilities and skills of management and employees in emergency response and fire prevention. The collaboration will also extend to volunteer initiatives within the Diriyah community, including workshops on fire safety education designed to raise awareness among residents about fire safety measures and practices, inspiring a safer and more secure community.
The signing of the MoU is part of Diriyah Company's policies aimed at developing Diriyah, a city of immense historical significance as one of the most prominent historical sites in Saudi Arabia and the capital of the First Saudi State.
Diriyah Company is dedicated to showcasing the city's rich history and cultural heritage through careful urban planning and vibrant cultural initiatives. It aims to provide a unique and enriching experience by collaborating closely with governmental and private entities. Diriyah strives to serve the community, promote development, and contribute to cultural and economic progress.
With over 20 years of expertise in fire safety and 12 branches worldwide, Deutschland Technology perfectly aligns with Diriyah Company's unwavering commitment to safety. The development and implementation of an occupational health and safety management system across Diriyah upholds international standards and ensures ongoing compliance. This strategy gives stakeholders, employees, and partners confidence in Diriyah Company's dedication to maintaining the highest safety standards in all its operations.



Nations Building Their Own AI Models Add to Nvidia's Growing Chip Demand

FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration, taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration, taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Nations Building Their Own AI Models Add to Nvidia's Growing Chip Demand

FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration, taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration, taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Nations building artificial intelligence models in their own languages are turning to Nvidia's chips, adding to already booming demand as generative AI takes center stage for businesses and governments, a senior executive said on Wednesday.
Nvidia's third-quarter forecast for rising sales of its chips that power AI technology such as OpenAI's ChatGPT failed to meet investors' towering expectations. But the company described new customers coming from around the world, including governments that are now seeking their own AI models and the hardware to support them, Reuters said.
Countries adopting their own AI applications and models will contribute about low double-digit billions to Nvidia's revenue in the financial year ending in January 2025, Chief Financial Officer Colette Kress said on a call with analysts after Nvidia's earnings report.
That's up from an earlier forecast of such sales contributing high single-digit billions to total revenue. Nvidia forecast about $32.5 billion in total revenue in the third quarter ending in October.
"Countries around the world (desire) to have their own generative AI that would be able to incorporate their own language, incorporate their own culture, incorporate their own data in that country," Kress said, describing AI expertise and infrastructure as "national imperatives."
She offered the example of Japan's National Institute of Advanced Industrial Science and Technology, which is building an AI supercomputer featuring thousands of Nvidia H200 graphics processors.
Governments are also turning to AI as a measure to strengthen national security.
"AI models are trained on data and for political entities -particularly nations - their data are secret and their models need to be customized to their unique political, economic, cultural, and scientific needs," said IDC computing semiconductors analyst Shane Rau.
"Therefore, they need to have their own AI models and a custom underlying arrangement of hardware and software."
Washington tightened its controls on exports of cutting-edge chips to China in 2023 as it sought to prevent breakthroughs in AI that would aid China's military, hampering Nvidia's sales in the region.
Businesses have been working to tap into government pushes to build AI platforms in regional languages.
IBM said in May that Saudi Arabia's Data and Artificial Intelligence Authority would train its "ALLaM" Arabic language model using the company's AI platform Watsonx.
Nations that want to create their own AI models can drive growth opportunities for Nvidia's GPUs, on top of the significant investments in the company's hardware from large cloud providers like Microsoft, said Bob O'Donnell, chief analyst at TECHnalysis Research.