Saudi Arabia eyeing AI future ahead of G20 summit

SourceEye of Riyadh
SectorEconomy
CountrySaudi Arabia

Saudi Arabia will be a global artificial intelligence (AI) leader by 2030, a prominent Saudi expert has said.Dr. Abdullah bin Sharaf Al-Ghamdi, president of the Saudi Data and Artificial Intelligence Authority (SDAIA), made the comments during a media briefing on shaping new frontiers at the International Media Center in Riyadh ahead of the G20 Leaders’ Summit.Last year, the authority developed the Estishraf Platform, an AI-based platform that utilizes data to create diversified insights and respond to the top priorities of decision-makers in Saudi Arabia.“Through this platform we were able to earn revenues amounting to SR43 billion ($11.5 billion), only in 2019,” said Al-Ghamdi. “Undoubtedly, this is an excellent indicator for the great opportunities the national economy is waiting for after AI has become a knowledge-based economy.”The SDAIA chief said the authority launched the NSDAI during the Global AI Summit, organized by the SDAIA and the G20 Saudi Secretariat as part of the international conferences program two weeks ago.“We have finalized all logistic and procedures to set up the SDAIA Artificial Intelligence Company, which will be the national AI investment arm for the country,” he said.In his speech, Al-Ghamdi, who is also chairman of the Global AI Summit, shed light...read more...