By Saudi Arabia (KSA) is leading in Artificial Intelligence (AI) readiness. According to Stocklytics.com, the country ranked first globally in the Government Strategy Index for Artificial Intelligence, boosting a score of 100.
This significant achievement places Saudi Arabia at the forefront of global AI leadership, surpassing 60 other evaluated nations.
Stocklytics Financial analyst Edith Reads shared her insights on these results:
At the heart of this remarkable success lies the implementation of the National Strategy for Data and AI (NSDAI), a visionary blueprint meticulously crafted to propel the Kingdom towards AI-driven excellence.
Stocklytics Financial analyst, Edith Reads
Germany and China followed closely behind Saudi Arabia, securing second and third positions. Additionally, Colombia was the only Latin American representative, marking a noteworthy deviation from a list predominantly comprised of advanced economies.
Saudi Arabia’s score of 100% was based on all artificial intelligence-related index criteria. This includes the establishment of the National Strategy for Data and AI (NSDAI) within the Kingdom and dedicated government authority for AI. Additionally, it involves allocating funding and budget for AI initiatives as well as formulating and monitoring national targets for artificial intelligence.
The Saudi Data and Artificial Intelligence Authority has spearheaded national data and artificial intelligence plans to meet the goals of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the SDAIA Board of Directors, and the objectives of the Saudi Vision 2030.
The kingdom has worked to build the National Strategy for Data and AI (NSDAI), which aims to integrate efforts and launch national initiatives in data and artificial intelligence while making optimal use of them.
Last month, the Future Investment Initiative (FII) Priority Miami Summit, a landmark event poised to reshape the global investment and technological landscape took place. The event brought together various investors and experts to seek workable, impactful solutions to issues such as AI regulation.
This year’s theme, ‘On the Edge of a New Frontier’, represented worldwide dramatic changes as technology alters society and the economy.
In his introductory remarks, Yasir Al-Rumayyan, Governor of the Public Investment Fund and Chairman of the Future Investment Initiative (FII) Institute emphasized the importance of AI in future economies.
He said, “Al is coming in a big way. The impact will be very positive once we have regulations to monitor, control, and enable this technology. AI could increase global GDP by 14%.”
Al-Rumayyan stated that Saudi Arabia is set to become an AI hub, citing its unique characteristics, such as its leadership in clean energy and robust funding capabilities, as significant drivers of this aim. He added, “The kingdom is well positioned to be a significant global hub for AI and related industries.”
