As artificial intelligence (AI) technology prepares to reshape economies and industries globally, Saudi Arabia has embarked on a strategic journey to invest in AI research and development, aligning with its Vision 2030 economic diversification agenda. Here's a closer look at the Kingdom's AI endeavors and their potential impact:
Saudi Arabia's AI Vision
The Kingdom launched its National Strategy for Data and Artificial Intelligence in October 2020, aiming to become a global leader in AI.
Saudi Arabia aspires to attract $20 billion in foreign and local AI investments by 2030.
Economic Impact of AI
Riyadh's commitment to digitalization and emerging technologies is projected to contribute approximately 2.4 percent to its GDP by 2030.
Saudi Arabia is expected to account for a 31.3 percent share of AI expansion between 2018 and 2030 in terms of average annual growth in the technology's contribution by region.
Entrepreneurship and AI
Vision 2030 has created substantial opportunities for Saudi entrepreneurs to innovate and establish tech startups.
The Kingdom's youth, particularly adaptable to technology, are actively experimenting with AI tools, fueling a dynamic ecosystem.
AI's Expanding Role
The emergence of AI models like ChatGPT and others has sparked innovation and competition in the field, with potential applications ranging from scientific explanations to computer code generation.
Advanced AI programs are set to transform decision-making, automation, and creative problem-solving across various industries.
Impact on the Labor Market
While AI adoption may replace certain jobs, it is also expected to boost labor productivity and contribute to global growth.
Saudi Arabia is actively promoting AI competitions and "hackathons" to prepare its workforce for the changing job landscape.
Investing in AI Research and Ethics
Saudi Arabia established the International Center for Artificial Intelligence Research and Ethics in Riyadh to prepare for the AI era.
The Global Cybersecurity Forum Institute was also established to enhance cybersafety globally.
Emphasizing Responsible AI
Advocates stress transparency and responsible AI usage to address concerns about its impact on society.
Collaboration with international partners, investment in local talent, and adherence to global AI development standards are seen as essential for Saudi initiatives in the field.
Unique Opportunities for Saudi Arabia
Saudi Arabia envisions a promising future in "homegrown technology" that aligns with its culture, language, and priorities.
The Kingdom's deep understanding of its culture and environment positions it uniquely to develop AI solutions tailored to its needs.
In conclusion, Saudi Arabia's strategic investment in AI reflects its commitment to economic diversification, entrepreneurship, and innovation. While challenges exist, the Kingdom is poised to leverage AI to drive growth, create job opportunities, and shape its unique technological landscape.