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Why Saudi Arabia is investing millions of dollars in AI?

MM News Staff by MM News Staff
September 1, 2023
Reading Time: 2 mins read

The Saudi Arabian Data and Artificial Intelligence Authority (SDAIA) and the National Center for Artificial Intelligence have invested $160 million to support projects related to artificial intelligence through collaboration.

Under the Generative Artificial Intelligence Accelerator (GAIA) program, four hackathons have been conducted, involving over 7,000 participants and developers who presented 185 projects.

The first GAIA program was initiated in July 2023 with 15 companies, with a $160 million investment. The program aimed to attract capital investment in 120 companies.

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GAIA program
ماهو برنامج غاية؟ pic.twitter.com/G4j96wfe5E

— GAIA | غاية (@gaia_mena) July 25, 2023

The goal of the GAIA program, supported by the Saudi government, is to assist in the development of artificial intelligence. Saudi Arabia aims to position itself at the forefront of countries contributing to the advancement of artificial intelligence.

Read more: Aditya-L1: India launches rocket to study the sun

As part of this program, investment has been made in AI systems utilizing AI technology in the Middle East and North Africa region. The purpose is to promote businesses running on artificial intelligence technology in Saudi Arabia

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