AI may contribute $160 billion to Saudi economy by 2030
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It is expected that AI will contribute $160 billion to the Saudi economy, according to Jomana Al-Rashid, the CEO of the Saudi Research and Media Group
Artificial intelligence is projected to contribute approximately $160 billion to Saudi Arabia's economy by 2030, according to the CEO of the Saudi Research and Media Group, Jomana Al-Rashid. Speaking at the Future Investment Initiative in Riyadh, Al-Rashid stressed the importance of understanding the economic implications of AI and its potential impacts on financial systems.
She highlighted the transformative potential of AI, emphasizing that it can enhance creativity, increase efficiency, and transform jobs rather than replace them. Al-Rashid also addressed concerns within media organizations about AI, including issues related to misinformation, disinformation, deep fakes, and hallucinations, which are critical for news organizations responsible for providing accurate and reliable information to the public.