Saudi Arabia is making significant strides in its ambition to become a key player in artificial intelligence (AI) by attracting investments from major technology firms, Cisco Systems (CSCO) and Advanced Micro Devices (AMD). This initiative is part of the Kingdom’s broader strategy to enhance its presence in the AI sector and develop cloud computing capabilities.

Credit: The Information

The investment from Cisco and AMD is aimed at bolstering Saudi Arabia’s technological infrastructure, enabling the country to leverage AI technologies for various applications. This move is seen as critical in positioning the Kingdom within the competitive global AI landscape, particularly as it seeks to diversify its economy away from oil dependency.

According to sources, the collaboration with these tech giants will facilitate the development of advanced AI cloud solutions tailored for both local and international markets. This venture aligns with Saudi Arabia’s Vision 2030 plan, which emphasizes innovation and technology as key drivers for economic growth and development.