During LEAP 2024 tech event held at the Riyadh Exhibition and Convention Center in Malham, North of Riyadh, the Saudi Data and Artificial Intelligence Authority (SDAIA) entered into a memorandum of understanding (MoU) with PwC Middle East.
The agreement aims to facilitate collaborative experiments and research on cutting-edge AI technologies.
As part of this deal, SDAIA will develop models specifically tailored for the Arabic language and establish an advanced virtual laboratory for AI, as well as a center for generative AI experiments (GenAI).
The MoU was signed by Raed bin Faleh Al-Faleh, CEO of Business Development at SDAIA, and Fadi Al-Qamati, general manager of PwC Middle East.
The third day of LEAP 2024 witnessed the announcement of significant investment deals totaling more than $764 million by prominent Saudi and international companies, reaffirming Saudi Arabia’s status as a technology and innovation hub in the region.
Furthermore, Saudi Arabia solidified its position as a leading tech and investment hub in the region by making significant advancements. On the second day of LEAP 20244, the Kingdom and various organizations announced a total of $888 million in investment funds and funding rounds to support innovation and tech entrepreneurship across Saudi Arabia and the wider region.
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