Saudi Aramco announced a new project during the Global AI Summit in Riyadh. According to Aramco, the aim of the project is to build and commercialise the AI ecosystem in the Kingdom of Saudi Arabia.
The ‘Global AI Corridor’ will be launched in partnership with Beyond Limits, a US-based artificial intelligence company. The deal, reportedly valued at $250 million, aims to link Riyadh to the US state of California.
Amin Nasser, president and CEO of Aramco, said, “The Corridor is designed to develop and commercialise complex AI solutions, to train Saudi talent, support Saudi start-ups and, together with global partners, build a local AI ecosystem. This will include an AI Delivery Factory, AI Academy, AI Venturing Studio, and unique R&D AI labs.”
In his speech at the event, he noted that SMEs (Small and Medium Sized Enterprises) should be ready to adopt artificial intelligence in order to move ahead in the future.
He added, “We are already an energy leader, we can be an AI leader too. The purpose of AI is to complement human judgment and not to replace it. It is the optimum mix of human and machine capabilities.”
Currently, the use of AI technologies is helping Aramco to address cybersecurity threats effectively. In Nasser’s speech, he discussed how Aramco is using artificial intelligence in the geology sector effectively, where deep learning technology helps achieve results in minutes, which used to take several months in the past.