Saudi Arabia has ambitious plans to establish itself as a global hub for artificial intelligence (AI) by 2024. The kingdom is investing heavily in AI technology and aims to attract international companies and talent to its burgeoning AI ecosystem. Key initiatives include the establishment of a national AI strategy, the creation of data and cloud infrastructure, and the development of AI-focused education programs. The government is also offering incentives to foreign companies to set up AI operations in the country. By leveraging its financial resources and strategic location, Saudi Arabia hopes to position itself as a leader in AI innovation and development. However, challenges remain, such as building a skilled workforce and addressing ethical concerns surrounding AI. The kingdom’s efforts are part of its broader Vision 2030 plan to diversify its economy and reduce dependence on oil.
Source: https://www.businessinsider.com/saudi-arabia-ai-hub-tech-investment-2024-11