Saudi -"machines" add electricity and artificial intelligence to its investment card

According to the Saudi News Agency, the Saudi -“Ayat” business added its business units and added two new units in the area of ​​electrical transformation and artificial intelligence infrastructure. The business units will work to “meet unprecedented global demand for artificial intelligence infrastructure solutions, and the urgent need to support the global energy transformation by improving electricity network technologies,” according to the statement. The CEO of the strategic management of the business, Ahmed Alam, revealed in an interview with ‘Al -Sharq’ that the company would increase its business units. At the beginning of this year, the company owned by the Public Investment Fund included 7 business units: smart buildings, smart devices, smart house devices, smart health, semiconductors, the new generation infrastructure and advanced industries. Also read: Saudi Arabia improves local manufacturing with a joint project with ‘Soft Bank’ that will focus on the electrical transformation unit on transport and distribution technologies. It will also include linking renewable energy sources to the network and providing the latest technologies to generate gas and hydrogen pressure, while the artificial intelligence infrastructure unit will work on the technologies needed to improve the ability of artificial intelligence, and network equipment, communication and servers, network equipment, data storage centers, industrial border. Fourth industrial centers. The company plans to invest about $ 100 billion by these business units by 2030, and the direct contribution to the Non oil BBP is expected to reach about 35 billion rows by 2030.