IBM In Deal With Saudi's SDAIA, Ministry Of Energy To Speed Up Sustainability Initiatives Using AI

IBM (IBM) Tuesday said it has signed a strategic agreement with Saudi Arabia's Saudi Data, Artificial Intelligence Authority or SDAIA and Ministry of Energy to accelerate sustainability initiatives in the country using artificial intelligence or AI. The deal would drive adoption of AI in the carbon capture and industrial domains across the Kingdom of Saudi Arabia.

Under the agreement, which was announced at the second Global AI summit in the Kingdom, the parties will use AI technology to detect, map, and eventually reduce carbon emissions across the country.

Further, to support the Kingdom's sustainability and industrialization objectives, IBM will work with SDAIA to identify high value applications of artificial intelligence and machine learning to solve challenges in public and private sector organizations.

The agreement is expected to help strengthen AI and other technologies, which would play a key role in promoting the adoption of the Circular Carbon Economy, achieving the goals announced during the Saudi Green Initiative.

Majid Al-Tuwaijri, the CEO for the National Center for AI, said, "This agreement with IBM will contribute to creating opportunities by addressing key challenges in circular carbon economy, petrochemical and industrial domains, through the development of innovative solutions in the field of data and artificial intelligence, and the exchange of shared experiences and investment opportunities in this vital area to support achieving the goals of Vision 2030."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view. French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity... Chinese electric vehicle manufacturer Xpeng announced the launch of its two latest smart EV models for a number of European markets. Xpeng G9 flagship SUV, and the new P7 sports sedan are now available for order in Denmark, Norway, the Netherlands, and Sweden. Both models are on show at eCar Expo 2023 in Stockholm from February 3 to 5.
Follow RTT