It has now come to light that AWI has funded solar software startup SenseHawk Inc. and Lyceum Technologies, both of which have corporate offices in the US and development in India. World AI Show - KSA was officially sponsored by: AI and Analytics Partner - SAS; AI Video Surveillance Partner – AXIS Communications; Cyber Security Partner - Happiest Minds; RPA Partner - Automation Anywhere, Inc.; Silver Sponsor - Eastvantage; Bronze Sponsors - The Judge Group India, DGWorld, BMB, DataRobot, Inc. and Twerlo, BTSE.com Launches Brave New Coin’s DeFi Index - Perpetual Swap with Leverage Trading for DeFi Exposure. A darker reality lay behind the glamor and pomp and the advancements for Saudi women and youth, as the Saudi authorities moved to sideline anyone who could stand in the way of Mohammed bin Salman’s political ascension. With a renewed focus on oil, the state-run oil giant is also revising ambitious downstream expansion plans and now aims to grab assets in established projects in key markets such as India and China, rather than building expensive mega plants from scratch, the sources said. “If peak oil demand surprises consensus by occurring much later, Aramco will benefit from higher market share and more spare capacity to mitigate another unwelcome price boom,” said Bob McNally, founder of Rapidan Energy Group. With its Artificial Intelligence Strategy 2031, UAE has more potential to make the most out of AI. Edward’s comprehensive presentation covered the imperativeness of building an AI strategy for organizations from bottom up. Saudi Crown Prince Mohammed bin Salman is trying to develop new industries to reduce the kingdom’s dependency on oil under his ambitious Vision 2030 plan to diversify the economy.

Since Khashoggi’s murder, a number of celebrities and social media influencers have declined trips to Saudi Arabia, citing its terrible human rights record. Also, 44% of respondents expected the AI to contribute to 21%-30% of their business processes in the next three years. Scroll down for these stories, plus more from Bahrain, Egypt, Oman, Saudi Arabia and the UAE. But AI is about to make its impacts on the investment standards in the Middle East. Mohammed bin Salman’s creation of an entertainment industry has been adopted alongside advancements for women and youth. One of the largest oil manufacturing nations, Saudi Arabia, has now formulated and launched a nation-wide policy on AI.

From a political perspective, having a diverse and powerful economy can shift the balance of power in the Middle East to countries that have invested more in innovations and artificial intelligence. Under the SDAIA, three units, namely the National Information Center,  the National Center for Artificial Intelligence and the National Data Management Office, were created to manage and execute various aspects related to the AI policy. Saudi Arabia’s Vision 2030 strategy, rolled out in 2016 was aimed at creating sustainable cities and making sure there is optimum use of resources in urban planning, infrastructure and important sectors of … “In this example, 50 tonnes of CO2 captured during the process was reused in methanol production and enhanced oil recovery,” the company said.

Or maybe Iran’s nuclear program? Oil price drop, an unprecedented health crisis such as the Coronavirus, and slow economic growth are serious threats to investing in the future of the Middle East, forcing investors to reconsider their plans to invest in the region. The summit will include an announcement of the launch of Saudi Arabia’s National Strategy for Data and Artificial Intelligence, which was recently adopted by King Salman and comes as part of the Kingdom’s Vision 2030 plans of seeking to achieve global leadership through a data-driven economy and AI. But in Africa, the primary focus of AI is on agriculture to increase farm efficiency to produce more crops and ensure food security. Richard Branson suspended his partnership with Saudi Arabia for his space tourism venture. Therefore, they are striving to incorporate AI at the heart of economic policies. The conference was hosted on the newly launched virtual events platform, Vmeets that provided an immersive digital experience for participants to engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms. Apart from this, the kingdom also established a national data bank consisting of more than 80 state datasets, which is equal to about 30 per cent of the Saudi government’s digital assets, revealed Abdullah bin Sharaf Al Ghamdi, President of SDAIA. Finally, Mohammed bin Salman, as defense minister, oversees all Saudi military forces and has served as the commander of the international coalition that has been carrying out a military campaign in Yemen, according to the Saudi Defense Ministry website. The summit will include the announcement of the launch of the National Strategy for Data and Artificial Intelligence … Vishal Chawla is a senior tech journalist at Analytics India…. Explore, Get unlimited access to the best resources on Fintechna and support writers while you’re at it.

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