SDAIA Showcases Efforts in Utilizing AI to Support Entrepreneurs at Saudi-Korean Business Forum

The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)
The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)
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SDAIA Showcases Efforts in Utilizing AI to Support Entrepreneurs at Saudi-Korean Business Forum

The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)
The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry. (SPA)

The Saudi Data and AI Authority (SDAIA) participated in a working session centered around innovation and technology during the Saudi-Korean Business Forum in Seoul, South Korea.

Saudi Minister of Commerce Dr. Majid bin Abdullah Al-Qasabi and a delegation of government and private sector officials are on an official visit to the Korean capital. The visit aims to bolster commercial relations in key economic sectors between both nations, strengthening their economic partnership.

The Saudi-Korean Business Forum is organized by the National Competitiveness Center, the Federation of Saudi Chambers, and the Korea Chamber of Commerce and Industry.

At the forum’s Saudi Arabia pavilion, SDAIA showcased the Rowad initiative, a package designed to assist entrepreneurs and micro, small, and medium-sized enterprises in Saudi Arabia.

The initiative facilitates entrepreneurs and startups in verifying client data electronically by integrating with the National Information Center databases, ensuring top-notch safety, reliability, and supporting entrepreneurs' contributions to the national GDP. It enhances identity uses in emerging sectors and improves facility data quality.

SDAIA also presented plans for the third edition of the Global AI Summit, scheduled for Riyadh in September. Featuring over 250 speakers from across the globe, the summit will delve into AI potentials and its impacts across diverse fields.

SDAIA’s participation in the forum aligns with the Authority’s commitment to fostering partnerships with international entities. Through such collaborations, SDAIA strives to realize its vision of establishing a data-driven national economy, in line with the goals of Saudi Vision 2030, and positioning the Kingdom among leading countries in data and AI-driven economies.



Nvidia CEO Says Global Cooperation in Tech will Continue under Trump Administration

Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)
Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)
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Nvidia CEO Says Global Cooperation in Tech will Continue under Trump Administration

Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)
Nvidia CEO Jensen Huang poses for a photo after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, in Hong Kong on November 23, 2024. (Photo by Holmes CHAN / AFP)

Nvidia CEO Jensen Huang said on Saturday that global cooperation in technology will continue even if the incoming US administration imposes stricter export controls on advanced computing products.
US President-elect Donald Trump, in his first term in office, imposed restrictions on the sale of US technology to China citing national security - a policy continued under President Joe Biden. The curbs forced Nvidia, the world's leading maker of chips used for artificial intelligence applications, to change its product lineup in China.
"Open science in global collaboration, cooperation across math and science has been around for a very long time. It is the foundation of social advancement and scientific advancement," Huang told media during a visit to Hong Kong.
Cooperation is "going to continue. I don't know what's going to happen in the new administration, but whatever happens, we'll balance simultaneously compliance with laws and policies, continue to advance our technology and support and serve customers all over the world."
The head of the world's most valuable company was speaking in the financial hub after receiving an honorary doctorate in engineering from the Hong Kong University of Science and Technology, Reuters reported.
During the visit, Huang participated in a fireside chat with the university's Council Chairman Harry Sham in front of an audience of students and academics.
Asked about the huge energy requirements of graphics processing units - chips behind artificial intelligence - Huang said, "If the world uses more energy to power the AI factories of the world, we are a better world when that happens".
Huang said "the goal of AI is not for training, the goal of AI is for inference". He said AI can discover, for instance, new ways to store carbon dioxide in reservoirs, new wind turbine designs and new materials for storing electricity.
He said people should start thinking about placing AI supercomputers slightly off the power grid and let them use sustainable energy and in places away from populations.
"My hopes and dreams is that in the end, what we all see is that using energy for intelligence is the best use of energy we can imagine," Huang said.
Earlier on Saturday, Huang told graduates that "the age of AI has started" in a speech after receiving the honorary degree.
"A new computing era that will impact every industry and every field of science."