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Saudi Arabia’s deep tech startup ecosystem thrives with focus on AI and IoT, fueling Vision 2030

CIO Business Intelligence

The surge in AI and IoT-focused startups is directly aligned with the objectives of Saudi Vision 2030, a strategic framework designed to diversify the Kingdoms economy and reduce its reliance on oil revenues. Vision 2030 aims to foster a knowledge-based economy and establish Saudi Arabia as a global leader in technology and innovation.

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Saudi Arabia launches $100 Billion AI initiative to lead in global tech

CIO Business Intelligence

The program, known as Project Transcendence, marks a significant push by the Kingdom to develop a robust AI ecosystem that can rival leading tech hubs, including neighbouring United Arab Emirates and other global technology centers. In recent years, the Kingdom has set up research centers, ministries, and educational programs focused on AI.

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Google bets on nuclear power to drive AI expansion

Network World

In a blog post, Google announced an agreement with Kairos Power to source nuclear energy, aiming to bring the first SMR online by 2030, with more reactors planned by 2035. This could provide Google with an opportunity to co-develop solutions over the next six years, with reactor launches scheduled for 2030.”

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Data center growth puts unprecedented pressure on power grids

Network World

The report , based on a survey of 100 data center leaders, also shows that 30% of all sites will be using onsite power by 2030. McKinsey has similar predictions for power demand growth, estimating that US data centers will have more than 80 gigawatts of demand in 2030.

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Equinix to cut 3% of staff amidst the greatest demand for data center infrastructure ever

Network World

According to Goldman Sachs , data center demand in the US alone is projected to nearly triple by 2030, driving more than $1 trillion in investment. For instance, according to Forrester, app development is on the decline (after hitting its peak in 2021).

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Huawei Cloud unveils AI initiatives to support Saudi Vision 2030

CIO Business Intelligence

These initiatives are set to play a crucial role in supporting the Kingdom’s ambitious Vision 2030 goals, which seek to diversify the economy and establish Saudi Arabia as a global leader in technology and innovation.

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Fujitsu, Osaka University develop quantum circuit generator to hasten pace to commercialization

Network World

Fujitsu and Osaka University have developed new technologies that they said will accelerate the move to practical quantum computing, the next-generation computing paradigm for workloads that increasingly demand more processing power than classical computing can provide.