Saudi Arabia Wants To be An Extension of the US Ecosystem

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Transcript

00:00We decided in 2016 to invest in this next generation.

00:0570%, as you know, is younger than 35.

00:08They are looking for things that my generation wasn't looking for.

00:11As a 50-year-old, I'm telling you, I'm geriatric in my country.

00:16And what Vision 2030 aspires to is a diversified, thriving economy

00:22that celebrates youth and innovation, which brings us to AI and technology.

00:26It brings us to the United States of America.

00:30In AI, what we're looking for is collaboration.

00:33We would like to be the extension of the United States ecosystem, not as a standalone.

00:38And again, we don't want to invest in the thing.

00:40We want to invest in the industry.

00:43So for us, we have use cases.

00:45AI that we've been talking about, and I know it's going to be a big theme here.

00:49Hospitals need it. Our energy sector needs it.

00:51We want to look at it as how can we thrive and take the next leap.

00:56If you talk about AI in medication, today you can solve for stem cell.

01:01Today you can solve for all sorts of cancers.

01:04Today you can solve for genetic diseases with AI, but it needs compute power.

01:09So why the kingdom?

01:10Cheap land, easy access to energy, and manpower.

01:14We want to be that friend and that resource to the United States ecosystem to help it thrive

01:19and develop, because you can't do it on your own.

01:22And we want to make sure that you win.

01:24Okay.