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These sectors are emerging as key drivers of innovation and investment in the Kingdom, with over 43 high-growth startups collectively raising more than 987 USD in funding. This success is a testament to the growing availability of venture capital, a dynamic entrepreneurial ecosystem, and government support for innovation-driven ventures.
Saudi Arabia has announced a 100 billion USD initiative aimed at establishing itself as a major player in artificialintelligence, data analytics, and advanced technology. This includes initiatives to adopt AI domestically and ultimately position Saudi Arabia as an exporter of AI solutions by 2030.
The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. AI and machinelearning are poised to drive innovation across multiple sectors, particularly government, healthcare, and finance.
Saudi Arabias comprehensive cybersecurity strategy focuses on strengthening its infrastructure, enhancing its resilience against cyber threats, and positioning itself as a global leader in cybersecurity innovation. The Kingdoms Vision 2030 is also a driving force behind its cybersecurity efforts.
This is particularly true with enterprise deployments as the capabilities of existing models, coupled with the complexities of many business workflows, led to slower progress than many expected. But this isnt intelligence in any human sense. I see this taking shape in 5 key areas.
Just over a year after launching its flagship product, Landing AI secured a $57 million round of Series A funding to continue building tools that enable manufacturers to more easily and quickly build and deploy artificialintelligence systems. Andrew Ng, founder and CEO. Image Credits: Landing AI.
AI and MachineLearning will drive innovation across the government, healthcare, and banking/financial services sectors, strongly focusing on generative AI and ethical regulation. These trends underscore the Middle Easts ambition to become a global technology hub through strategic investments, innovation, and partnerships.
These new regions are a testament to Oracles confidence in the regions ability to drive innovation, especially as both countries ramp up their efforts to become global leaders in AI and cloud computing. Whats Next?
AI, once viewed as a novel innovation, is now mainstream, impacting just about facet of the enterprise. Over the next 12 months, IT leaders can look forward to even more innovations, as well as some serious challenges. As 2025 dawns, CIOs face an IT landscape that differs significantly from just a year ago.
The race to implement artificialintelligence solutions across the enterprise is in full swing. And a new report looking globally estimates that generative AI could add up to $20 trillion to global GDP by 2030 and save 300 billion work hours a year. This is the moment to imagine what is next for your organization.
At the Huawei Cloud Summit Saudi Arabia 2024, held today, Huawei Cloud made a significant announcement, unveiling a series of innovativeartificialintelligence (AI) initiatives to accelerate Saudi Arabia’s digital transformation. Huawei Cloud’s AI initiatives are directly aligned with these goals.
and artificialintelligence (AI). More than 1,000 participants, including mobile network carriers, ecosystem innovators, and technology leaders, gathered to share insights on how these advances will impact industries and individuals. 5G will drive significant growth in mobile traffic and bring about new business models.
trillion by 2030, and by singularly responsible for a 26 per cent boost in the GDP of local economies. With so much innovation available through AI, organisations are facing a disrupt or be disrupted scenario. ArtificialIntelligence PwC research suggests that AI could contribute as much as $15.7
The banking landscape is constantly changing, and the application of machinelearning in banking is arguably still in its early stages. Machinelearning solutions are already rooted in the finance and banking industry. Machinelearning solutions are already rooted in the finance and banking industry.
ArtificialIntelligence has emerged as a powerful tool to address the challenges of climate change. From climate modelling to energy management, optimizing renewable energy and adapting to extreme weather events, AI is deploying its power to improve our fight against climate change.
At the centre of these changes are disruptive technologies like artificialintelligence, cloud computing, and machinelearning, which are paving the way for new business models. trillion by 2030. Refining the balancing act of innovation and risk.
At the centre of these changes are disruptive technologies like artificialintelligence, cloud computing, and machinelearning, which are paving the way for new business models. trillion by 2030. Refining the balancing act of innovation and risk.
Salesforce has announced a $500 million USD investment in Saudi Arabia, signaling its commitment to fostering innovation and economic growth in the region. Furthermore, Salesforce is expanding Arabic language support for its AI solutions to ensure greater accessibility and inclusivity.
Oracle’s annual flagship event, CloudWorld Tour returned to the UAE for the second consecutive year to share the company’s latest AI innovations to power UAE’s Digital Economy and its plans across the region. Cloud is the platform for innovation and provides a rich source of services for digital reinvention.
The theme of this year’s summit is “The Future of IT: Rethinking Digitalization for an AI Everywhere World,” reflecting the growing importance of artificialintelligence and digital transformation across industries. It’s an honor to contribute to discussions that will define the technological landscape of tomorrow.”
It also uses machinelearning to predict spikes and troughs in carbon intensity, allowing customers to time their energy use to trim their carbon footprints. million customers in New England, has an aggressive target of reaching net-zero carbon emissions by 2030. His company, which serves 4.4 ”
Although its not clear when these super powerful computers will become available, the consensus is that itll be sometime between 2030 and 2040. The short answer: The DeepSeek R1 largelanguagemodel (LLM) can provide a useful starting point for developing malware, but it requires additional prompting and debugging.
ArtificialIntelligence will be a big game changer in the global economy. According to PwCm the Middle East is expected to accrue 2% of the total global benefits of AI in 2030. billion USD in 2030 to the economy. billion USD in 2030 to the economy. This is equivalent to 320 billion USD.
The utilities then worked with Capgemini and SAP to define a solution that would combine proven technology with an innovative approach. It unlocks intelligence, simplifies innovation, and lowers our total cost of ownership compared to our peers.” With the Smart Water Platform, everything is integrated,” explained Opreel.
No customer data will be used to train external foundational AI models, said Bharat Sandhu, the company’s SVP for AI and application development platform. In July, SAP CEO Christian Klein told analysts that SAP’s newest innovations will only be delivered in the public cloud , or in private clouds via its Rise with SAP all-in-one offering.
Cybercrime is on the rise, and today an insurance startup that’s built an artificialintelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. We look forward to the innovation they’ll continue to bring to the cyber insurance market.”
At ADIPEC 2024 in Abu Dhabi, ADNOC, Masdar, and Microsoft signed a Strategic Collaboration Agreement (SCA) to advance artificialintelligence and low-carbon initiatives aimed at reshaping the energy landscape. Microsoft’s Vice Chair and President, Brad Smith, emphasized the need for a balanced approach.
The Pan American Health Organization estimates that by 2030, “hunger will affect 67 million people in the region, a figure that does not take into account repercussions of the COVID-19 pandemic.”. One category of innovation that can reduce food waste: tools to help farmers improve field productivity. One major culprit: food waste.
AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. Image Credits: By 2030, it is predicted that the number of youths — people between the ages of 15 and 24 — in Africa will increase by 42%, according to the UN.
In recent years, the Middle East has witnessed a remarkable transformation, emerging as a dynamic hub of innovation and progress. Pushing for Innovation At Xebia, we believe that the key to successful digital transformation is merging technological innovation with a deep understanding of local complexities.
Why the synergy between AI and IoT is key The real power of IoT lies in its seamless integration with data analytics and ArtificialIntelligence (AI), where data from connected devices is transformed into actionable insights. Raw data collected through IoT devices and networks serves as the foundation for urban intelligence.
Almost 30 years later, Microsoft’s current leader, Satya Nadella, told Bloomberg that artificialintelligence will be just as impactful. Instead, many digitized analog-first processes and bolted them onto aging operating models. Your answers to these questions will help you forge the path forward for innovation.
According to Jyoti, AI and machinelearning are leading the way in sectors such as government, healthcare, and financial services. Jyoti Lalchandani, Regional Managing Director, META, Central Asia & India, IDC shared her perspective on the technology trends set to define the Middle Easts digital transformation.
ArtificialIntelligence (AI) and MachineLearning (ML) have been at the forefront of app modernization, helping businesses to streamline workflows, enhance user experience, and improve app security measures. billion by 2030 , growing at a CAGR of 14.7% from 2020 to 2027.
In today’s digitized business era, where artificialintelligence (AI) continually reshapes industry dynamics, a new breed of executive leadership emerges at the forefront. While some see it as a job disruptor, others recognize its potential as a catalyst for innovation. Consider the example of chatbots.
ArtificialIntelligence (AI) and MachineLearning (ML) have been at the forefront of app modernization, helping businesses to streamline workflows, enhance user experience, and improve app security measures. billion by 2030 , growing at a CAGR of 14.7% from 2020 to 2027.
In this ever-evolving realm of artificialintelligence, conversational AI companies are leading the charge by transforming the way we interact with technology. billion by 2030 , growing at a CAGR of 23.6%. It is known for offering innovative AI-powered solutions that revolutionize how businesses communicate with their customers.
Saudi Arabias Vision 2030 emphasizes a technology-driven transformation to achieve its social, economic, and environmental goals, focusing on adopting and producing advanced innovations to position itself as a global leader in technological disruption.
At the recent UN Climate Change Conference (COP28), Huawei and e& announced the inauguration of the region’s ground-breaking net-zero 5G massive MIMO site, setting new benchmarks in sustainability and technological innovation. The site is a model of green innovation, using solar power and smart energy storage solutions at every turn.
To achieve all that, I’ll follow your ambition — 10 technology companies that are worth €100 billion or more by 2030,” Macron said. It also says that the European Innovation Council could also take on a larger role in defining a Deep Tech roadmap. Recommendations include standardizing patent transfer frameworks. or in China.
Can a company embrace digital innovation and become more sustainable at the same time? A growing chorus of companies, however, are saying that they have no choice but to embrace both innovation and sustainability at the same time. The CEOs surveyed said that sustainability would be their top growth driver between now and 2030.
based startup Sylvera is using satellite, radar and lidar data-fuelled machinelearning to bolster transparency around carbon offsetting projects in a bid to boost accountability and credibility — applying independent ratings to carbon offsetting projects.
Riyadh proves to be a bustling tech epicenter Hosted amidst the bustling energy of Riyadh, it brought together forward-thinkers, innovators, and industry leaders to explore the boundless opportunities for growth and collaboration in the Kingdom’s evolving business ecosystem.
They expect that by 2030, this number will jump to one in every four firms. Unifying the data from many portfolio companies can become the linchpin to continuous innovation, adaptation, and strategic decision making for private equity firms. Thats still a stretch for many firms.
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