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.



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.