ITU Selects Saudi Arabia to Host Global Symposium for Regulators in 2025

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat
TT

ITU Selects Saudi Arabia to Host Global Symposium for Regulators in 2025

The Saudi flag. Asharq Al-Awsat
The Saudi flag. Asharq Al-Awsat

The International Telecommunication Union (ITU) announced that Saudi Arabia, represented by the Communications, Space & Technology Commission (CST), has been selected to host the upcoming Global Symposium for Regulators (GSR) 2025 in Riyadh, as part of the symposium’s work in its edition of this year.

Since its inception more than 20 years ago, the symposium is a global event targeting decision and policy makers and regulators around the world.

The event is held annually and organized by the ITU in which it gathers a number of ministers and heads of national bodies regulating the communications and technology sector as well as sector leaders. It focuses on workers in the digital field from 193 countries, and discusses the most prominent challenges and solutions to issues of digital policies and regulations at the international level.

The selection of the Kingdom represented by the CST to host the event reflects the international community’s confidence in Saudi contributions in achieving the goals of the ITU and its pioneering role in the sector.



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.