RIYADH, Saudi Arabia,
Sept. 9, 2024 /PRNewswire/ -- Ahead
of the Global AI Summit (GAIN) this week, H.E. Dr.
Abdullah bin Sharaf Alghamdi,
Chairman of the Saudi Data and AI Authority (SDAIA), gave a preview
of Saudi Arabia's landmark AI
event, which will address the Now, Next and Never for this rapidly
evolving technology.
In a press conference at the King Abdulaziz International
Conference Center, H.E. revealed that the third edition of the
summit will tackle pressing challenges in AI development, ensuring
that its potential is fully realized for the benefit of all. GAIN
will address issues such as human capacities, technical
infrastructure, ethics, bias and fairness, national security,
information security, and the economic and social impacts of
AI.
The event will feature over 450 speakers from more than 100
countries, and host 150 sessions. It will revolve around the latest
generative AI technologies and algorithms, the applications of big
data and how to invest in it across various fields, building
technical human capacities, and addressing the needs and
infrastructure requirements for AI and technology, as well as AI
ethics and governance.
It will also witness the launch of over 25 local and global
initiatives, the signing of more than 70 agreements and Memorandums
of Understanding (MoUs), as well as events such as the
International AI Olympiad, an AI competition with participation
from 25 countries. It will additionally feature an international
consultation session on AI governance in partnership with the
United Nations and ICESCO.
The Summit is being hosted by SDAIA, one of the leading entities
that integrates data management and AI technologies. It aligns with
the aspirations of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown
Prince, Prime Minister, and Chairman of the SDAIA Board of
Directors, in placing Saudi Arabia
at the forefront of countries leading AI innovation and achieving
the goals of Vision 2030.
H.E. Dr. Alghamdi stated:
"The Global AI Summit, from its first edition in 2020 to the
second in 2022, and now the third edition, showcases the
flourishing progress and remarkable technological advancements of
Saudi Arabia. It is a testament to
the Kingdom's active contribution in leveraging AI technologies for
the good of humanity and supporting efforts to achieve the
Sustainable Development Goals locally and globally."
H.E. Dr. Esam Alwagait, Director of the National Information
Center, noted that AI's contribution to the global economy is
expected to reach $15 trillion, with
the AI market projected to grow to $1
trillion by the end of this decade. He also pointed to the
critical importance of AI to business. Reports by global
consultancies like McKinsey have noted that organizations utilizing
AI to analyze data and make decisions have reduced their operating
costs by 20-25%.
Dr Yaser Al-Onaizan, CEO of the
National Center for Artificial Intelligence (NCAI) at SDAIA, also
said:
"This summit highlights the importance of these advanced
technologies from a societal perspective, focusing on their
significance for humanity. Given the rapid developments in data and
AI technologies that are impacting all aspects of human life,
becoming an integral part of it, it was crucial to address
this."
Notes to editors
For more information about the GAIN Summit, please visit:
https://globalaisummit.org/en/default.aspx
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