Elon Musk is an innovator and entrepreneur whose focus is the development of cutting edge technology and particularly Application Intelligence (AI). Today's discussion revolved around understanding the dynamics of change in artificial intelligence with ways of improving teamwork in that field. Musk is also known for coming up with some mega ideas and even more mega strategies so it was not surprising that the call for global cooperation in use of AI was made to avoid disorganized competition of nations and industries that would ultimately waste a lot of resources and fail to solve the key issues of the 21st century. That vision which is his echoes with the increasing understanding that in order to tap the capabilities of AI, proactive implementation of these capabilities is of collective, rather than individual, nature. A focal point of the discussion was the ethics of AI and its development. As Musk pointed out, AI is more than a device, it is a way of thinking that will change bu
Saudi Capital Market Forum: Tadawul IPO Pipeline Strengthens
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At the Saudi Capital Market Forum in Riyadh, Mohammed El Kuwaiz, Chairman of the Capital Markets Authority, revealed that Saudi Arabia's Tadawul stock exchange has witnessed a notable increase in companies seeking to list. The current IPO pipeline includes 56 companies, a 30% rise from the previous year, indicating a shift towards Saudi Arabia becoming a net importer of capital.
This surge in interest underscores the kingdom's growing status as a regional investment hub. To support this transformation, El Kuwaiz stressed the importance of developing a robust infrastructure tailored to the evolving needs of the capital market, further solidifying Saudi Arabia's position in the global financial landscape.
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