Ultrahisham
05-15

The Benefieciaries of Saudi's AI ambitions

Saudi Arabia is making significant strides in the field of artificial intelligence (AI), aiming to position itself as a global leader through substantial investments and strategic partnerships. With a commitment of over $40 billion towards AI initiatives, the Kingdom is fostering collaborations with major tech companies and nurturing domestic innovation to diversify its economy beyond oil.

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Saudi Arabia’s Strategic AI Investments

Under the Vision 2030 initiative, Saudi Arabia is channeling investments into various AI sectors, including chip manufacturing, data centers, and AI-driven applications. A notable development is the launch of “Humain,” a sovereign AI enterprise backed by the Public Investment Fund (PIF), which is central to the Kingdom’s AI ambitions. Humain plans to build AI factories with a projected capacity of up to 500 megawatts, powered by hundreds of thousands of advanced GPUs over the next five years .

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Beneficiaries of Saudi’s AI Initiatives

International Tech Giants

• Nvidia and AMD: These semiconductor companies have secured significant deals with Humain to supply AI chips, marking a shift in the global AI chip market dynamics .

• Amazon Web Services (AWS): AWS has partnered with Humain to invest over $5 billion in AI infrastructure, including the development of an “AI Zone” in Saudi Arabia .

• Supermicro: The company has entered a multi-year $20 billion agreement with DataVolt to support hyperscale AI campuses in the Kingdom .

Domestic Enterprises

• Lucidya: A Saudi-based AI company specializing in customer experience management, Lucidya is poised to benefit from the Kingdom’s focus on nurturing local tech talent and solutions .

• Aramco Digital: As a subsidiary of Saudi Aramco, it is developing AI computing infrastructure and collaborating with Nvidia’s startup ecosystem to establish AI enterprise platforms .

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Conclusion

Saudi Arabia’s aggressive investment in AI is reshaping the global technology landscape, offering opportunities for both international tech giants and domestic startups. By fostering a robust AI ecosystem, the Kingdom aims to diversify its economy and establish itself as a leader in technological innovation.

Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise.

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Comments

  • TheIRLlabubu
    05-16
    TheIRLlabubu
    not sure how much oil they going to burn to keep the data centres cool
  • Tracccy
    05-15
    Tracccy
    Amazing insights on Saudi's AI journey! [Wow]
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