SWF-Backed Saudi Company for Artificial Intelligence Starts Operations
Posted on 01/19/2022
Saudi Arabia’s Public Investment Fund (PIF) formed the Saudi Company for Artificial Intelligence (SCAI) in June 2021. In 2022, SCAI started its operations. SCAI aims to grow and develop artificial intelligence and emerging technologies industries in the Kingdom. Dr. Abdullah bin Sharaf Alghamdi is the Chairman of SCAI. Ayman AlRashid is the CEO of SCAI and was formerly a Managing Director at Accenture and the former CEO of Saudi Cloud Computing Company.
SCAI’s chairman, Dr. Abdullah bin Sharaf Alghamdi, said, “As PIF’s arm in the AI and emerging technologies sector, the company will develop local capability, cutting edge technology, and strategic partnerships to support creating Saudi-owned solutions in the AI ecosystem.”
