In a delightful scene reminiscent of a surreal play, Saudi Arabia, that enchanting land of deserts and oil, has delighted every tech enthusiast by announcing a staggering $14.9 billion worth of investments and projects. All this transpires during a tech conference that could very well be the hottest tech soirée in Riyadh this year!
On the auspicious day of February 9, the illustrious Saudi Minister Abdullah bin Amer Alswaha took the stage as if he were the grand puppeteer, declaring the kingdom’s collaboration with global tech maestros. Together, they shall invest $14.9 billion in AI, emerging technologies, and cloud—oh my! With partners like Google Cloud, Lenovo, Alibaba Cloud, Qualcomm, Groq, and Salesforce, we can only imagine the wonders that will infest our digital lives! 🖥️✨
In what can only be described as a moment of profound wisdom (or mild delirium), Ahmad Al-Khowaiter, the executive vice president of technology and innovation at Aramco—yes, the seventh largest company in the world—unfurled a veritable manifesto:
“Our (Aramco) business is all about scale. That’s why we need to partner, and no one company can deliver the promise of AI. It has to be a partnership, it has to be many companies that put in place the technologies that we need.”
Truly, wisdom like this begs one to ponder: are we simply destined to watch a grand ensemble of corporate giants tango across the stage of technological advancement? 🤔💃
Tech Giants Chip In to Create Saudi Arabia’s AI Hub
Our daring Saudi titan has entered into a thrilling partnership with Groq, signing a $1.5 billion deal to conjure up AI-powered cloud computing capabilities. And if that’s not enough, our dear Al-Khowaiter promises more agreements with other AI companies because, let’s face it, who could ever have too many tech partnerships? 💸🎉
Multiple AI Commitments for the Middle East
Meanwhile, the Saudi manufacturing behemoth Alat and Lenovo have decided to throw in $2 billion to advance the grand scheme of local AI and robotics manufacturing. It seems Lenovo’s excitement is so immense that they’ll even plant their flags in Riyadh with a shiny new regional headquarters!
In a marvel that rivals any magician’s act, Google, Qualcomm, and Alibaba Cloud have also unveiled a multitude of initiatives aimed at igniting localized AI innovation. Can we hear a collective gasp? 😲👏
Meanwhile, Salesforce, Databricks, Tencent Cloud, and SambaNova are not to be outdone, committing investments worth $500 million, $300 million, $150 million, and $140 million, respectively—a financial symphony that plays on and on! 🎶💰
As if this circus of investment wasn’t enough, in what can only be described as a bizarre subplot, stablecoin issuer Tether has whimsically announced a partnership with the UAE-based real estate platform, Reelly Tech. This fab alliance aims to reduce property transaction complexities, all with the magic wand of Tether’s USDT stablecoin—talk about a plot twist! 🏠💼
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2025-02-10 11:54