KAUST and Google Collaborate to Enhance AI Research in Saudi Arabia

Laboratory buildings at KAUST's campus in Thuwal, Saudi Arabia. Image: AT Service/Wikimedia Commons
Laboratory buildings at KAUST's campus in Thuwal, Saudi Arabia. Image: AT Service/Wikimedia Commons
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KAUST and Google Collaborate to Enhance AI Research in Saudi Arabia

Laboratory buildings at KAUST's campus in Thuwal, Saudi Arabia. Image: AT Service/Wikimedia Commons
Laboratory buildings at KAUST's campus in Thuwal, Saudi Arabia. Image: AT Service/Wikimedia Commons

The King Abdullah University of Science and Technology (KAUST) launched its investment project in supporting AI research in the Kingdom in collaboration with Google, the Saudi Press Agency said on Monday.
KAUST will provide research grants worth $100,000 to AI researchers from the University's Computer, Electrical and Mathematical Science and Engineering Department, to promote research in the field of machine learning, especially in the use of generative and large language models (LLMs).
The launch of these grants coincides with KAUST's announcement of its new Center of Excellence in Generative AI, which accelerates excellence in generative AI research and development in the Kingdom by innovating general-purpose generative AI models.
KAUST ranks 17th globally in the Computer Science Rankings (CSRankings), which measure the outputs of computer departments in the most prestigious scientific publications between 2014 and 2024 in the fields of AI, machine learning, and optical computing.



Intuitive Surgical Results Beat on Growing Demand for Surgical Robots

Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo
Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo
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Intuitive Surgical Results Beat on Growing Demand for Surgical Robots

Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo
Representation photo: Employees work at the office of humanoid robots developer Ex-Robots in Dalian, Liaoning province, China June 6, 2024. REUTERS/Florence Lo

Intuitive Surgical on Thursday beat estimates for second-quarter profit and revenue on growing demand for its surgical robots used in minimally invasive procedures, sending its shares up 6.7% after the bell.
Investor expectations around medical device makers have grown lately on hopes of elevated demand for surgical procedures as people, especially older adults, opt for medical procedures deferred during the pandemic, Reuters said.
On an adjusted basis, Intuitive earned $1.78 per share for the quarter ended June 30, beating analysts' estimates of $1.54 per share, according to LSEG data.
The company reported quarterly revenue of $2.01 billion, compared with analysts' estimates of $1.97 billion.
The rise in revenue was driven in part by growth in the procedure volume from the company's surgical robots called da Vinci. Worldwide da Vinci procedure volumes rose about 17%, from a year ago, the company said.
Industry bellwether Johnson & Johnson on Wednesday posted a 2.2% rise in second quarter sales at its medical technology business, but fell short of analysts' estimates.
Larger peer Abbott Laboratories also raised its annual profit forecast, helped by double-digit growth in sales of its glucose monitors and strong demand for heart devices.