Saudi Arabia Aims to Lead Global AI Market with Bold Investments

Saudi Arabia is making significant strides to position itself as a leader in artificial intelligence, moving beyond its traditional oil-based economy. With ambitious plans spearheaded by Crown Prince Mohammed bin Salman, the kingdom aims to capture a substantial share of the global AI market. Central to this initiative is a partnership between Humain, a state-backed AI startup, and Qualcomm, which has recently unveiled its new AI200 and AI250 chip lines. These innovations are designed to enhance data center capabilities and support AI applications, marking Qualcomm's entry into the competitive AI infrastructure sector dominated by Nvidia.

The collaboration will offer access to 200 megawatts of AI computing capacity, establishing Saudi Arabia as a pivotal hub for tech firms, including giants like Amazon. Additionally, investment in data centers promises to make AI operations more cost-effective, with projections indicating significant savings compared to US counterparts. As Saudi Arabia hosts global leaders and investors at its Future Investment Initiative conference, it showcases its commitment to diversifying its economy and fostering technological advancement, aiming to emerge as a prominent AI exporter.