LEAP 2025: Saudi scores big with over $20bn in AI investments
Global technology event, LEAP, hosted in Riyadh, Saudi Arabia, locked in over $20 billion in artificial intelligence (AI) related investments over the course of two days.
On the first day of the event, investments and projects in AI worth over $14.9 billion were announced, to empower digital skills development, foster tech startups growth, and enhance innovation in the kingdom, state-run news agency Saudi Press Agency reported.
Investments and projects in AI, cloud computing and digital transformation on day one included a $1.5 billion investment announced by Groq & Aramco Digital to expand AI-powered cloud computing.
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