Saudi Gazette report RIYADH — Saudi Arabia recorded a significant increase in internet usage in 2023, with a penetration rate reaching 99%, demonstrating near-universal access among its population. According to the 2023 “Internet Saudi Arabia” report by the Communications, Space, and Technology Commission, internet usage is notably high among men and women, at 99.3% and …
Saudi Gazette Report RIYADH — The internet penetration in Saudi Arabia stood at 99 percent while the percentage of online shopping jumped to 63.7 percent during the year 2023. This information was contained in the Saudi Internet Report 2023, published by the Communications, Space and Technology Commission. The report reviewed a set of indicators and …
Saudi Arabia’s reported $40 billion artificial intelligence (AI) investment fund represents a leap to redefine the Middle East’s role in the global technology landscape. The fund is part of a trend of Middle Eastern countries scrambling to position themselves as leaders in the global AI race. The vast investments underscore AI’s potential to reshape industries …
Investors are reportedly lining up to purchase FTX’s stake in artificial intelligence (AI) company Anthropic. But as CNBC reported Friday (March 22), sources say that while the company has received interest from sovereign wealth funds, it ruled out taking money from Saudi Arabia due to national security concerns. The shares in Anthropic are being sold as part of FTX’s …
World News By Alyssa Guzman Published March 8, 2024 Updated March 8, 2024, 8:10 p.m. ET A “fully autonomous” AI robot has raised eyebrows after appearing to grope a reporter during an interview at a technology festival in Saudi Arabia. Journalist Rawya Kassem was speaking in front of the robot, named Mohammad, when the machine …
H.E. Yasir al-Rumayyan, Governor Public Investment Fund (PIF) FII Priority Miami 2024 Summit under the theme, âOn the Edge of a New Frontierâ with Global Leaders Discussing Humanity’s biggest challenges Future Investment Initiative Institute – FII Institute- FII Priority Miami 2024 Summit Stepping into Miami Beach’s vibrant atmosphere, I felt a sudden rush of excitement …
Jonathan Raa | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Markets positive Wall Street hit another record on Friday as …
Saudi Arabia’s sovereign wealth fund has pumped more than half a billion dollars into a virtual reality headset to rival Apple’s Vision Pro goggles. Its Public Investment Fund has injected $590m (£463m) into Magic Leap, a US company developing head gear designed to superimpose virtual images over the real world. Apple is to launch its …
The Kingdom of Saudi Arabia will begin implementing the use of USB Type-C as the standard charging port for all mobile phones and electronic devices starting in 2025. Gulf News has reported that this decision is part of a broader initiative aimed at enhancing the user experience, improving charging and data transfer technology, and promoting …