Saudi Arabia to Host First International AI Olympiad

SDAIA will hold the first international edition of the International AI Olympiad (IAIO) between September 8-12
SDAIA will hold the first international edition of the International AI Olympiad (IAIO) between September 8-12
TT

Saudi Arabia to Host First International AI Olympiad

SDAIA will hold the first international edition of the International AI Olympiad (IAIO) between September 8-12
SDAIA will hold the first international edition of the International AI Olympiad (IAIO) between September 8-12

The Saudi Data and Artificial Intelligence Authority (SDAIA) will hold the first international edition of the International AI Olympiad (IAIO) between September 8-12, in which some 25 countries are expected to take part.

The event will be held in collaboration with the International Center for Artificial Intelligence Research and Ethics (ICAIRE) and the International Research Center for Artificial Intelligence (IRCAI) in Slovenia, under UNESCO auspices.

SDAIA aims to establish this international Olympiad as a premier platform for AI competitions, nurturing talent, and fostering skill development. The event will be a forum for scientists and enthusiasts from around the world to exchange ideas, enhance capabilities, and explore the latest advancements in the field.

Moreover, SDAIA envisions IAIO as a catalyst for future global expansions, serving as a powerful motivator for young men and women the world over to engage in activities pertaining to AI.

This initiative aims to cultivate a new generation equipped with a profound understanding of the transformative technologies that have become an integral part of humanity's daily lives and business systems.

In preparation for the Olympiad, SDAIA conducted a series of virtual lectures on AI, on the Olympiad website, designed to qualify international teams for the competition and empower interested students from various countries to expand their knowledge in this crucial domain.

The lectures spanned five weeks and covered diverse topics such as Introduction to AI, Social Impact of AI (ethics, fairness), Kernel Methods, Working with Data, Deployed Deep Generative Models, Supervised Learning, AI-Search, Learning Evaluation, Reinforcement Learning, and Unsupervised Learning.

Each participating country fielded a team of up to four students, who will compete individually over two days during the third edition of the Global AI Summit. The first day is slated to focus on scientific questions, while the second involve solving scientific problems using AI technologies through a specially designed platform.

IAIO aligns with SDAIA's commitment to raising the Kingdom's global standing, making it a leading force in data and AI. It also contributes to achieving the 2030 Agenda for Sustainable Development adopted by the UN by raising awareness about the significance of advanced technologies and equipping communities with the knowledge and skills necessary to master them.



Verizon is Buying Frontier in $20B Deal to Strengthen its Fiber Network

This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)
This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)
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Verizon is Buying Frontier in $20B Deal to Strengthen its Fiber Network

This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)
This April 23, 2018, file photo shows the logo for Verizon above a trading post on the floor of the New York Stock Exchange. Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue. Advertising accounts for nearly all Facebook's $70.7 billion annual revenue, and a similar share of Twitter's $3.46 billion. (AP Photo/Richard Drew, File)

Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network.

Verizon Communications Inc. said Thursday that the acquisition will also shore up its foray into artificial intelligence as well as connected smart devices.

Frontier has concentrated heavily on its fiber network capabilities over about four years, investing $4.1 billion upgrading and expanding its fiber network. It now gets more than half of its revenue from fiber products.

The price tag for Frontier, based in Dallas, is sizeable given its 2.2 million fiber subscribers across 25 states. Verizon has approximately 7.4 million Fios connections in nine states and Washington, D.C, The AP reported.

Frontier has 7.2 million fiber locations and has plans to build out an additional 2.8 million fiber locations by the end of 2026.

“The acquisition of Frontier is a strategic fit," Verizon Chairman and CEO Hans Vestberg said in a prepared statement. "It will build on Verizon’s two decades of leadership at the forefront of fiber and is an opportunity to become more competitive in more markets throughout the United States, enhancing our ability to deliver premium offerings to millions more customers across a combined fiber network.”

Verizon, based in New York City, will pay $38.50 for each Frontier share. The deal is expected to close in about 18 months. It still needs approval from Frontier shareholders.

Shares of Frontier Communications Parents Inc., which were halted briefly on Wednesday after a report from the Wall Street Journal about the deal sent the stock up nearly 40%, fell 9% before the market opened on Thursday. Verizon's stock rose slightly.