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Saudi SDAIA Showcases Latest Speech Recognition Solutions 

Saudi SDAIA Showcases Latest Speech Recognition Solutions 
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Saudi SDAIA Showcases Latest Speech Recognition Solutions 

Saudi SDAIA Showcases Latest Speech Recognition Solutions 

The Saudi Data and Artificial Intelligence Authority (SDAIA) is participating in the 2024 Institute of Electrical and Electronics Engineers (IEEE) International Conference on Acoustics, Speech, and Signal Processing underway in Greece.

Major technology companies and artificial intelligence (AI) experts are attending the conference, which runs from August 31 to September 5.

During the conference, SDAIA tackled code-switching within sentences (CS), a common phenomenon in spoken languages that presents a significant challenge for Automatic Speech Recognition (ASR) systems.

This is particularly relevant for those studying comparative linguistic phenomena, given the rarity of suitable data and the complexities of Arabic dialects.

The presentation focused on leveraging advancements in Large Language Models (LLMs) to enhance CS-ASR systems by generating text data that includes code-switching between Arabic and English.

The International Conference on Speech Processing Technologies is one of the leading global events in acoustic technologies. SDAIA is a pioneer in this field with its Voice system, developed by Saudi expertise.

The system allows speech-to-text conversion in Modern Standard Arabic and various Arabic dialects. It can be used for automating meeting transcriptions, developing chatbots, and building interactive voice systems.

SDAIA’s contribution to the conference includes sponsoring a workshop -- SyNDATA4GENAI 2024 -- in collaboration with SCAI, organized by several experts.

SDAIA is keen to participate in such major events to highlight the importance of advanced technologies and the progress achieved by Saudi Arabia in this field.

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Tech Market Values Fall on AI Costs and Recession Fears; Eli Lilly, Berkshire Gain

]The logo for Google is seen at the Google Store Chelsea in Manhattan, New York City, US, November 17, 2021. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights
]The logo for Google is seen at the Google Store Chelsea in Manhattan, New York City, US, November 17, 2021. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights
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Tech Market Values Fall on AI Costs and Recession Fears; Eli Lilly, Berkshire Gain

]The logo for Google is seen at the Google Store Chelsea in Manhattan, New York City, US, November 17, 2021. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights
]The logo for Google is seen at the Google Store Chelsea in Manhattan, New York City, US, November 17, 2021. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights

Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession risks that would make the stocks particularly vulnerable during a market correction.

Last month, Alphabet Inc's lost 4.7% of its market value as a slowdown in YouTube's advertising sales fuelled concerns about its earnings. A US judge's ruling that Google had violated antitrust laws and the emergence of new competition from OpenAI, which is developing an AI-based search engine prototype, also contributed to its shares' decline.

Amazon.com Inc's market value fell 4.5%, affected by slowing online sales.

Tesla's market capitalisation fell 7.7% last month after weaker Q2 earnings and following the news that Canada planned a new 100% tariff on Chinese-made electric vehicles, Reuters reported.

The world's most valuable automaker started shipping Shanghai-made EV's to Canada last year and Ottawa's plans raised concerns about the potential profit impact of exporting from its higher-cost US production base.

Meanwhile, Nvidia's market value fell in the last week of August by 7.7% to $2.92 trillion, after it projected third-quarter gross margins below market estimates and reported revenues that only met expectations, disappointing investors who were expecting a stronger performance.

Nvidia, which commands more than 80% of the AI chip market, stands in a unique position as both the largest enabler as well as beneficiary of surging AI development.

On a positive note, US drugmaker Eli Lilly's market value surged nearly 20%, leading market gainers, driven by robust sales and the launch of a weight-loss drug that significantly reduces the risk of developing type 2 diabetes in overweight adults.

Berkshire Hathaway's market value closed above $1 trillion for the first time at the end of August, reflecting investor confidence in the conglomerate that Warren Buffett built over nearly six decades into what many consider a proxy for the US economy.

Meta's market value also climbed nearly 10% after it beat market expectations for its second-quarter revenues and forecast strong revenue growth in the July-September quarter, indicating that strong digital ad spending on its platforms could offset the costs of its AI investments.