“To the Future”: Saudi Arabia spends big to become an AI superpower

  • 📰 denverpost
  • ⏱ Reading Time:
  • 113 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 49%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

‘To the Future’: Saudi Arabia Spends Big to Become an AI Superpower

Attendees at the Leap technology conference in Riyadh, Saudi Arabia, on March 6, 2024. The oil-rich country is plowing money into glitzy events, computing power and artificial intelligence research, putting it in the middle of an escalating U.S.-China struggle for technological influence.

“This is a great country,” Shou Chew, TikTok’s CEO, said during the conference, heralding the video app’s growth in the kingdom. “We expect to invest even more.” For the tech industry, Saudi Arabia has long been a funding spigot. But the kingdom is now redirecting its oil wealth into building a domestic tech industry, requiring international firms to establish roots there if they want its money.

For China, the Persian Gulf region offers a big market, access to deep-pocketed investors and a chance to wield influence in countries traditionally allied with the United States. China’s form of AI-powered surveillance has already been embedded into policing in the region. “There’s something happening here,” said Hilmar Veigar Petursson, the CEO of CCP Games, the Icelandic company behind the popular game Eve Online, who was at the gala. “I got a very similar sense when I came back from China in 2005.”Crown Prince Mohammed’s Vision 2030 project, unveiled eight years ago, seems taken from a science-fiction script.

For a brief period, it was seen as untoward to associate with Saudi Arabia. Business executives canceled visits to the kingdom. But the lure of its money was ultimately too strong. Those goals have permeated the kingdom. Posters for Vision 2030 are visible throughout Riyadh. Young Saudis describe the crown prince as running the kingdom as if it were a startup. Many tech leaders have parroted the sentiment.

The university, known as KAUST, is central to Saudi Arabia’s plans to vault to AI leadership. Modeled on universities like the California Institute of Technology, KAUST has brought in foreign AI leaders and provided computing resources to build an epicenter for AI research. Schmidhuber, the researcher leading KAUST’s AI efforts, has seen the jostling up close. Considered a pioneer of modern AI — students in a lab he led included a founder of DeepMind, an innovative AI company now owned by Google — he was lured to the desert in 2021.

A senior White House official, speaking on the condition of anonymity, said that the default U.S. policy was to share technology with Saudi Arabia, a critical ally in the Persian Gulf, but that there were national security concerns and risks with AI.

Source: Tech Daily Report (techdailyreport.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Arabia Just Glimpsed a Version of Its Future Thanks to IranThe far-reaching consequences of Iran's strike against Israel this past weekend are still coming into focus.
Source: Newsweek - 🏆 468. / 52 Read more »

Cristiano Ronaldo investigated for gesture to fans in Saudi Arabia, according to Saudi-owned mediaCristiano Ronaldo has come under scrutiny for a gesture he made towards fans following Al-Nassr’s 3-2 win against Al-Shabab in the Saudi Pro League on Sunday.
Source: cnnbrk - 🏆 393. / 55 Read more »

Rubiales denies wrongdoing when questioned in probe into Saudi Arabia deal for Spanish Super CupFormer Spanish soccer federation president Luis Rubiales has denied any wrongdoing when questioned by an investigating judge as part of her probe into alleged corruption related to staging the Spanish Super Cup in Saudi Arabia.
Source: AP - 🏆 728. / 51 Read more »

Hyundai Expands Hydrogen Fuel Cell Truck Fleet Across CaliforniaThe Hyundai XCIENT is operating in eight countries, including Australia, Saudi Arabia, and the U.S.
Source: Carscoop - 🏆 306. / 63 Read more »

US and Saudi Arabia nearing agreement on security pact, sources sayThe Biden administration and Saudi Arabia are finalizing an agreement for U.S. security guarantees and civilian nuclear assistance, even as an Israel-Saudi normalization deal envisioned as part of a Middle East “grand bargain” remains elusive, according to seven people familiar with the matter.
Source: Reuters - 🏆 2. / 97 Read more »

Fitness influencer got 11 years in prison for 'terrorist offenses,' Saudi Arabia confirmsSaudi Arabia sent a letter to the UN confirming that Manahel al-Otaibi, a popular online fitness influencer, was sentenced to 11 years in prison for 'terrorism offenses.'
Source: FoxNews - 🏆 9. / 87 Read more »