NCA Launches 'Cybersecurity Research and Innovation Pioneers Grants' Initiative

NCA Launches 'Cybersecurity Research and Innovation Pioneers Grants' Initiative
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NCA Launches 'Cybersecurity Research and Innovation Pioneers Grants' Initiative

NCA Launches 'Cybersecurity Research and Innovation Pioneers Grants' Initiative

The National Cybersecurity Authority (NCA) announced the launch of the "Cybersecurity Research and Innovation Pioneers Grants" initiative. This initiative aims to empower outstanding researchers and innovators to develop breakthrough research and disruptive innovations for current and emerging cybersecurity challenges, accelerating their impact both nationally and internationally, SPA reported.
NCA is launching this initiative in collaboration with its technical arm, the Saudi Information Technology Company (SITE), as part of the "National Program for Research, Development, and Innovation (RDI) in Cybersecurity."
The national program serves as a launch pad for transformative initiatives that unlock new horizons and foster cybersecurity industry development on a national level. Its aim is to solidify Saudi Arabia's standing as a secure global economic driver built on innovation and cybersecurity excellence.
The program prioritizes eight areas: NextGen Cyber Defense, Cyber Resilience, Cyber-Physical Technologies and IoT, AI x Cyber, Cryptography and Quantum Security, Behavioral Cyber, Future of Cyber Threats and Attacks, and Cyber Order. By nurturing robust national and international partnerships in cybersecurity RDI, the program is described as "the cornerstone of building an attractive innovation ecosystem in this critical field."
The Cybersecurity Research and Innovation Pioneers Grants initiative will provide grants for researchers, academics, experts, and university students at various levels in cybersecurity or related fields. It will nurture broader-scale advancements in cybersecurity RDI under three primary tracks: Scientific Research and Projects, Postgraduate Research Theses, and Bachelor's and Master's Graduation Projects.



Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
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Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)

Pinterest shares jumped more than 11% on Friday, after a strong quarterly revenue forecast allayed investor jitters about the uncertainty of advertising spending on its platform amid global economic volatility.

Its robust first-quarter revenue positions it alongside peers Reddit and Facebook-parent Meta, which also saw strong top-line results at a time when deepening global trade tensions have clouded the outlook for many firms dependent on marketing spend.

A shifting US trade policy coupled with escalating geopolitical tensions have sparked fears of a spike in inflation levels and a possible recession, prompting a broader pullback in consumer and enterprise spending.

However, Pinterest's focus on strengthening the effectiveness of its artificial intelligence tools for creating ad campaigns and a growing Gen Z userbase makes it an attractive destination for marketers.

"AI is helping to serve up the right type of ads for different audience segments, which ultimately means there could be a greater propensity to click on the ad if it is relevant," said Dan Coatsworth, investment analyst at AJ Bell.

Pinterest's global monthly active users rose 10% from a year earlier to 570 million in the first quarter, exceeding analysts' expectations according to data compiled by LSEG.

"We believe Pinterest's strategic focus on AI improvements and international expansion is yielding results," said Angelo Zino, senior equity analyst at CFRA Research.

Pinterest flagged a reduction in spending from Asian e-commerce retailers due to the roll-back of the "de minimis" exemption earlier this year, which led notable Chinese advertisers including online marketplace Temu and fast-fashion retailer Shein to slash ad budgets.

Barclays analysts said they expect "trends to worsen in e-commerce advertising" later this year if and when tariffs impact consumer spending.

If gains hold, Pinterest is set to add around $2 billion to its market cap.

The company trades at 14.51 times the estimates of its earnings for the next 12 months, compared with Reddit's 67.65 and Snap's 22.19.