Memorandum of understanding

Global AI Summit 2024 continued to transform data and AI landscape on final day

Retrieved on: 
Friday, September 13, 2024
Human, Education, Engineering, Center of excellence, Oracle, IBM, Growth, Knowledge, Dell, Government, Alan Turing Institute, Internet, Memorandum of understanding, Microsoft Azure, Tourism, Azure, Generative, Synthetic media, Partnership, Learning, ST Engineering, International, Microsoft, GAIN, Cognizant, Student, Medical device

RIYADH, Saudi Arabia, Sept. 13, 2024 /PRNewswire/ -- The third edition of the Global AI Summit (GAIN) closed today, after a series high profile collaborations poised to drive AI innovation and growth.

Key Points: 
  • RIYADH, Saudi Arabia, Sept. 13, 2024 /PRNewswire/ -- The third edition of the Global AI Summit (GAIN) closed today, after a series high profile collaborations poised to drive AI innovation and growth.
  • Hosted by the Saudi Data and AI Authority (SDAIA), GAIN has brought together AI experts and business leaders from across the globe.
  • The final day also focused on AI and education, with dedicated sessions on personalized learning with generative AI, as well as a discussion on how we bridge the innovation gap between academia and industry.
  • This will be achieved through several collaborative initiatives, including workshops and comprehensive training programs that provide professional certifications in data and AI.

Global AI Summit 2024 continued to transform data and AI landscape on final day

Retrieved on: 
Friday, September 13, 2024
Human, Education, Engineering, Center of excellence, Oracle, IBM, Growth, Knowledge, Dell, Government, Alan Turing Institute, Internet, Memorandum of understanding, Microsoft Azure, Tourism, Azure, Generative, Synthetic media, Partnership, Learning, ST Engineering, International, Microsoft, GAIN, Cognizant, Student, Medical device

RIYADH, Saudi Arabia, Sept. 13, 2024 /PRNewswire/ -- The third edition of the Global AI Summit (GAIN) closed today, after a series high profile collaborations poised to drive AI innovation and growth.

Key Points: 
  • RIYADH, Saudi Arabia, Sept. 13, 2024 /PRNewswire/ -- The third edition of the Global AI Summit (GAIN) closed today, after a series high profile collaborations poised to drive AI innovation and growth.
  • Hosted by the Saudi Data and AI Authority (SDAIA), GAIN has brought together AI experts and business leaders from across the globe.
  • The final day also focused on AI and education, with dedicated sessions on personalized learning with generative AI, as well as a discussion on how we bridge the innovation gap between academia and industry.
  • This will be achieved through several collaborative initiatives, including workshops and comprehensive training programs that provide professional certifications in data and AI.

9th Belt and Road Summit draws to a successful close

Retrieved on: 
Friday, September 13, 2024
Brand Hong Kong, Republic, Development, Forum, Commerce, HKSAR, Government, Natural Resources, Greentech, Culture, Creativity, Investment, Fajr Capital, G2G, Microsoft, Summit, BRI, Ministry, New Development Bank, Entrepreneurship, Market, Second, Memorandum of understanding, HKTDC, Business, Agriculture, Farm, Dilma Rousseff, Big data, Speech, Tutoring

Over 6,000 business participants from over 70 countries and regions explored opportunities, as the Belt and Road Initiative (BRI) enters the next golden decade.

Key Points: 
  • Over 6,000 business participants from over 70 countries and regions explored opportunities, as the Belt and Road Initiative (BRI) enters the next golden decade.
  • The joint venture will also launch projects that are aligned with Belt and Road green initiatives, focusing on sustainable agriculture and conservation."
  • Michael Chan, Director of FutureBright, said: "he Belt and Road Summit provides a crucial platform for forging international partnerships that promote sustainable growth and innovation.
  • The 9th Belt and Road Summit, co-organised by the HKSAR Government and the HKTDC successfully concluded today after a two-day run.

Volar Air Mobility and Etihad Aviation Training LLC Sign MoU to Collaborate on Advanced Electric Aircraft Operations

Retrieved on: 
Thursday, September 12, 2024
Research, AAM, Advanced Air Mobility, MOU, Memorandum of understanding, Partnership, Aviation, Partner (business rank), EAT, Renewable energy

MONTREAL, Sept. 12, 2024 /PRNewswire/ -- During the Advanced Air Mobility (AAM) event in Montreal, Volar Air Mobility and Etihad Aviation Training LLC (EAT) signed a Memorandum of Understanding (MoU) to strengthen cooperation in the field of advanced electric aircraft operations.

Key Points: 
  • MONTREAL, Sept. 12, 2024 /PRNewswire/ -- During the Advanced Air Mobility (AAM) event in Montreal, Volar Air Mobility and Etihad Aviation Training LLC (EAT) signed a Memorandum of Understanding (MoU) to strengthen cooperation in the field of advanced electric aircraft operations.
  • Our partnership with Volar Air Mobility will enable us to explore new avenues for advanced electric aircraft operations, aligning with the UAE's vision for a sustainable future."
  • Mr. Henry Hooi, Chairman of Volar Air Mobility Holding Company, commented:
    "We are excited to join forces with Etihad Aviation Training on this groundbreaking initiative.
  • Mr. Saif Aldarmaki, Founding Partner of Volar Air Mobility Industries, expressed:
    "This agreement with Etihad Aviation Training represents a significant step forward in our mission to revolutionize air mobility.

Aramco Digital and Groq Announce Progress in Building the World's Largest Inferencing Data Center in Saudi Arabia Following LEAP MOU Signing

Retrieved on: 
Thursday, September 12, 2024
Cloud computing, Research, Vision 2030, Language, LEAP, Memorandum of understanding, LPU, Languages of Ethiopia, Partnership, Saudi Aramco, Ecosystem, Cryptocurrency

Aramco Digital & Groq partner to build largest inferencing data center leveraging Groq® LPU™ AI inference technology.

Key Points: 
  • Aramco Digital & Groq partner to build largest inferencing data center leveraging Groq® LPU™ AI inference technology.
  • The inferencing data center will play a pivotal role in Aramco Digital's vision to leverage advanced technologies that drive operational excellence and support the Kingdom's program, Vision 2030.
  • By combining cutting-edge AI and ML infrastructure from Groq with Aramco Digital's strategic goals, this partnership aims to revolutionize data processing and analytics across various sectors.
  • Tareq Amin, CEO of Aramco Digital, stated, "With the support of the Kingdom's leadership, we are proud to partner with Groq to develop a world-leading inferencing data center in Saudi Arabia.

SDAIA and Microsoft to Establish Center of Excellence to Drive AI Transformation and Innovation

Retrieved on: 
Thursday, September 12, 2024
Center of excellence, NCAI, AI, Conference, Memorandum of understanding, Microsoft Azure, Azure, Generative, Synthetic media, Partnership, Microsoft, GAIN, Medical device

The agreement was formalized during the third edition of the Global AI Summit (GAIN 2024) being held at the King Abdulaziz International Conference Center in Riyadh.

Key Points: 
  • The agreement was formalized during the third edition of the Global AI Summit (GAIN 2024) being held at the King Abdulaziz International Conference Center in Riyadh.
  • The MoU, signed by Dr. Yaser bin Mohammed Alonaizan, CEO of the National Center for AI (NCAI) at SDAIA, and Turki Badhris, President of Microsoft Arabia, aims to establish a comprehensive framework for collaboration between the two parties in several key areas.
  • This includes the development of a joint Center of Excellence dedicated to accelerating innovation in the field of Generative AI, with a special focus on Arabic Large Language Models.
  • The partnership will also encompass the establishment of the Microsoft AI Academy in collaboration with the SDAIA Academy.

SDAIA and Microsoft to Establish Center of Excellence to Drive AI Transformation and Innovation

Retrieved on: 
Thursday, September 12, 2024
Center of excellence, NCAI, AI, Conference, Memorandum of understanding, Microsoft Azure, Azure, Generative, Synthetic media, Partnership, Microsoft, GAIN, Medical device

The agreement was formalized during the third edition of the Global AI Summit (GAIN 2024) being held at the King Abdulaziz International Conference Center in Riyadh.

Key Points: 
  • The agreement was formalized during the third edition of the Global AI Summit (GAIN 2024) being held at the King Abdulaziz International Conference Center in Riyadh.
  • The MoU, signed by Dr. Yaser bin Mohammed Alonaizan, CEO of the National Center for AI (NCAI) at SDAIA, and Turki Badhris, President of Microsoft Arabia, aims to establish a comprehensive framework for collaboration between the two parties in several key areas.
  • This includes the development of a joint Center of Excellence dedicated to accelerating innovation in the field of Generative AI, with a special focus on Arabic Large Language Models.
  • The partnership will also encompass the establishment of the Microsoft AI Academy in collaboration with the SDAIA Academy.

Polymatech and ECM Group Forge Strategic Joint Venture for Semiconductor Wafer Fabrication in Grenoble, France

Retrieved on: 
Thursday, September 12, 2024
Investment, COGS, Research, Growth, Sapphire, Workforce, Memorandum of understanding, Electricity, MNC, Partnership, Silicon, Joint venture, Joint, Renewable energy

Polymatech and ECM Group will make an initial joint investment of €100 million, with Polymatech holding the majority stake.

Key Points: 
  • Polymatech and ECM Group will make an initial joint investment of €100 million, with Polymatech holding the majority stake.
  • This joint venture highlights ECM Group's expertise in innovating and delivering state-of-the-art crystal growth equipment for high-quality semiconductor wafer production.
  • "The Joint Venture complements Polymatech's forward integration plans making Polymatech an End-to-End Semiconductor Company," said Tarja Hannele Rapala Virtanen, Director, Polymatech Electronics.
  • This venture marks Polymatech's first manufacturing presence in Europe, specifically in France, in partnership with ECM Group.

Polymatech and ECM Group Forge Strategic Joint Venture for Semiconductor Wafer Fabrication in Grenoble, France

Retrieved on: 
Thursday, September 12, 2024
Investment, COGS, Research, Growth, Sapphire, Workforce, Memorandum of understanding, Electricity, MNC, Partnership, Silicon, Joint venture, Joint, Renewable energy

Polymatech and ECM Group will make an initial joint investment of €100 million, with Polymatech holding the majority stake.

Key Points: 
  • Polymatech and ECM Group will make an initial joint investment of €100 million, with Polymatech holding the majority stake.
  • This joint venture highlights ECM Group's expertise in innovating and delivering state-of-the-art crystal growth equipment for high-quality semiconductor wafer production.
  • "The Joint Venture complements Polymatech's forward integration plans making Polymatech an End-to-End Semiconductor Company," said Tarja Hannele Rapala Virtanen, Director, Polymatech Electronics.
  • This venture marks Polymatech's first manufacturing presence in Europe, specifically in France, in partnership with ECM Group.

Global Dialogue on AI-Led Innovation, Governance, and Impact on Humanity Continues on Day 2 of GAIN Summit 2024

Retrieved on: 
Thursday, September 12, 2024
Cloud, Communication, Sport, Vision 2030, Publication, AI, Bangladesh Technical Education Board, Muslim world, King Saud University, Multilateralism, Memorandum of understanding, PwC, International Data Group, Artificial intelligence, Islam, Chatham House, Research, Social media, Partnership, IDC, Good, Access, Huawei, IBM Research, Employment, Microsoft, Ethics, GAIN, University of California, Berkeley, ICT, Corporation, Medical device

RIYADH, Saudi Arabia, Sept. 12, 2024 /PRNewswire/ -- Day two of the Global AI Summit (GAIN) continued to address themes on AI-led innovation, governance, policymaking, and the impact of the technology on humanity.

Key Points: 
  • RIYADH, Saudi Arabia, Sept. 12, 2024 /PRNewswire/ -- Day two of the Global AI Summit (GAIN) continued to address themes on AI-led innovation, governance, policymaking, and the impact of the technology on humanity.
  • The second day of GAIN 2024 commenced with a keynote speech from Antony Cook, Corporate Vice President and Deputy General Counsel at Microsoft, on "AI Governance: Principles to Promote Responsible AI and Access".
  • Panelists discussed the importance of establishing a global AI governance code, aligning with the summit's theme – Artificial Intelligence for the Good of Humanity.
  • Hosted by the Saudi Data and AI Authority (SDAIA), GAIN has established itself as a global event that fosters collaborations between local and international stakeholders.