As Saudi Arabia is shifting its gear to tech-driven investments, private companies in the country, too, are keen on striking deals to boost its artificial intelligence (AI) and deep learning technology goals.
Linking Riyadh to California, Saudi Aramco has announced a deal to launch a “Global AI Corridor” in partnership with Beyond Limits, a US-based AI company.
“The corridor is designed to develop and commercialize complex AI solutions, train Saudi talent, support Saudi start-ups, and together with a global partner, build a local AI ecosystem,” said Amin Nasser, Saudi Aramco CEO, at the Global AI Summit in Riyadh.
The $250 million deal will include building a center with Aramco that will focus on energy and combating climate change. It will span five years, Beyond Limits CEO AJ Abdallat said.
The program, currently in the early stages of development, will also cover an AI delivery factory, an AI academy, and AI research & development labs.
“We are already an energy leader; we can be an AI leader too. The purpose of AI is to complement human judgment and not replace it. It is the optimum mix of human and machine capabilities. Aramco is currently using artificial intelligence in the geology sector, where deep learning technology helps achieve results in minutes,” Nasser added.
Being one of the fastest-growing economies, Saudi Arabia is tactfully investing in AI to make strides to achieve its tech ambitions.
Most Innovative Companies comes to the Middle East this October! Click here to know more.
Loading the player...
Issam Kazim on Dubai's quest to be the world's most visited destination | PART 1