LEAP 2025 starts in Riyadh, unveiling $14.9bn in AI Investments - Gulf Business

Summary

LEAP 2025 has begun in Riyadh, Saudi Arabia, featuring significant announcements regarding investments in Artificial Intelligence. The event revealed plans for $14.9 billion in new investments dedicated to various AI initiatives and projects across the Kingdom. These funds are poised to accelerate the development of Saudi Arabia's AI ecosystem and foster innovation within the sector. Why it matters: This substantial financial commitment underscores Saudi Arabia's strategic focus on becoming a global leader in AI technology, attracting talent and driving economic diversification.