Saudi Arabia partners with Rezolve AI to establish AI Center
of Excellence
In a strategic move towards advancing innovation and
economic diversification, the Ministry of Investment of Saudi Arabia (MISA) has
unveiled a collaboration with London-based Rezolve AI Limited to establish an
AI Center of Excellence within the Kingdom. This initiative aligns with Saudi
Arabia's Vision 2030 agenda, aiming to propel technological advancement.
The partnership will concentrate on launching a minimum of
five AI ventures spanning various industry sectors, each aimed at achieving
global prominence. These ventures will leverage Rezolve's AI Large Language
Model, dubbed brainpowa, to drive innovation while ensuring ethical AI
practices and mitigating risks associated with AI hallucinations.
NEOM
AI challenge continues to welcome the projects of innovators and entrepreneurs
Positioned as a nucleus for innovation, Saudi Arabia's AI
Center of Excellence is poised to deliver robust and ethically sound AI
solutions. The Ministry of Investment's backing of Rezolve's forthcoming NASDAQ
listing underscores the Kingdom's commitment to fostering international
collaboration and positioning itself as a hub for leading global AI
enterprises.
During the recent signing ceremony in Riyadh, Deputy
Minister of Investment Transactions for Saudi Arabia, Saleh Al-Khabti, and
Rezolve AI's CEO, Dan Wagner, underscored the transformative potential of the
partnership. This collaboration signifies a pivotal stride towards Saudi
Arabia's aspiration to emerge as a frontrunner in global technology
advancement.
TONOMUS
to boost AI capabilities across Neom and Saudi Arabia
Established in 2016, Rezolve AI specializes in developing
mobile engagement platforms for retailers, offering an array of commerce and
engagement functionalities to mobile application vendors seamlessly.
This landmark partnership coincides with Rezolve AI's
impending business merger with Armada Acquisition Corp. I (NASDAQ: AACI), a
special purpose acquisition company. The transaction is slated for completion
in the first half of 2024, contingent upon customary closing conditions and
regulatory approvals.
Source: https://au.investing.com/
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