Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, sources claim. The move is part of Crown Prince Mohammed bin Salman's push to give the conservative kingdom a high-tech look. A third source confirmed to Reuters that Apple was in talks with SAGIA, Saudi Arabia's foreign investment authority. Both companies already sell products in Saudi Arabia via third parties but they and other global tech giants have yet to establish a direct presence. Apple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, sources claim.
For the past 90 years, TIME magazine has named a'Person of the Year'. The result is based on who has had the most influence on the news, leading to some controversial but entirely justified selections including Adolf Hitler and Josef Stalin. Last year, Donald Trump received the title over resounding favourite Narendra Modi. This year the Crown Prince of Saudi Arabia, Mohammed bin Salman, topped the reader's poll with a clear majority. Despite this, history repeated itself yet again when the #MeToo Campaign was announced as TIME's final choice.
What happens when you create an open AI marketplace that can learn from itself? Remember Sophia, the humanoid robot who was granted citizenship by Saudi Arabia? From the general media hubbub to the discussion surrounding the Saudi government's treatment of women's rights, the landmark event caused quite a stir across the web. But behind all that buzz, SingularityNET, whose artificial intelligence technology powers the robot built by Hanson Robotics, has been working to completely revolutionize web as we understand it. In some sense, the premise behind SingularityNET is fairly simple.
Billionaire Masayoshi Son may be getting closer to achieving his dream of making SoftBank Group Corp. the world's biggest investor in technologies, thanks in part to the main patron of Son's $100 billion (¥11.3 The Saudi prince has been the largest investor in the SoftBank Vision Fund, contributing almost half of the money Son has been raising to accelerate his dealmaking around the world. And since November, Salman has been at the center of an unprecedented purge of officials and political rivals in the oil-rich nation, leading to a consolidation of his power. A stronger Salman could mean steady flows of Saudi money into the fund, which allows SoftBank to make investments without adding to its heavy debt load and offering the potential for those investments to generate revenues to pay down the burden. At the same time, any unforeseen reversal in the prince's fortunes may raise questions about the sustainability of his investments.
Saudi Arabia's has announced plans for a futuristic $500 billion (£380 billion) city to be built to run entirely on alternative energy and be an innovation hub for the future. The project, dubbed Neom, will be built on untouched land along the country's Red Sea coastline near Egypt and Jordan and will span three countries. The ambitious plans, announced by Crown Prince Mohammed bin Salman today, could lead the way in the use of drones, driverless cars and robotics. Saudi Arabia's has announced plans for a new £380 billion ($500 billion) city. The zone will be built on Saudia Arabia's Red Sea coastline and will power itself with green energy sources.
It'll be close, but it looks like women will be allowed to drive in Saudi Arabia with some time to spare before the automobile industry converts entirely to self-driving cars. A royal decree announced Tuesday that women would finally be allowed behind the wheel, heralding a preposterously overdue end to the most high-profile and infamous of the repressive kingdom's restrictions on women. Even a woman in prison requires a male guardian to agree to her release, according to the monitoring group Human Rights Watch, which described the guardianship system as the most significant impediment to women's rights in Saudi Arabia -- and even a barrier to the government's own plans to improve the economy. The abolition of the male guardianship system should be the next announcement we hear from the Saudi government.
In one of the initiatives, backed by Japanese telecom giant SoftBank, a tech-focused "Vision Fund" would use $100 billion to buy pieces of private and public firms, focused on the so-called Internet of things, artificial intelligence, robotics and mobile communications. In the other initiative, U.S.-based Blackstone signed a memorandum of understanding to launch an infrastructure fund anchored by $20 billion from Saudi Arabia's Private Investment Fund with a goal of ultimately investing $100 billion in projects. The remaining commercial deals that Tillerson and Jubeir touted appear be a mix of previously announced or updated agreements between U.S. and Saudi firms, some primarily aimed at boosting employment in Saudi Arabia. An estimated $50 billion in deals between U.S. energy companies and Saudi Aramco include a mix of joint ventures, memoranda of understanding, and feasibility studies for projects in Saudi Arabia that could add more than 13,000 jobs there, according to the Saudi oil giant.
Bill Kristol, a prominent conservative critic of Mr. Trump, likened the group to the conclave of witches in "Macbeth." Brian Klaas, a political scientist who has been critical of Mr. Trump, likened the leaders to the evil wizard Saruman from J. R. R. Tolkien's "Lord of the Rings." The design felt to a pool reporter who was present like a hybrid of a game-show set and a television thriller's idea of a counterterrorism operations control room. An unnamed official who narrated the features of the new control center said the displays used artificial intelligence to track, in real time, news reports and online statements.
Jerry Brown on Friday signed legislation that expands the legal definition of rape and imposes new mandatory minimum sentences on some sexual assault offenders -- measures inspired amid national outcry over the sexual assault case of former Stanford swimmer Brock Turner. Jerry Brown on Friday signed legislation that expands the legal definition of rape and imposes new mandatory minimum sentences on some sexual assault offenders -- measures inspired amid national outcry over the sexual assault case of former Stanford swimmer Brock Turner. Staff at Donald Trump's California golf resort said they scheduled young, thin, pretty women to work when he came to town. Staff at Donald Trump's California golf resort said they scheduled young, thin, pretty women to work when he came to town.