"Good morning from Riyadh, where we are hosting the Fortune Global Forum. We've had some fascinating conversations about the business implications of the convergence of technology, geopolitics, demographics and more. AI was top of mind, from Google president Ruth Porat's predictions about curing cancer to influencer Jordi van den Bussche's business that's built on creating 10,000 videos of himself every day, using an AI-generated avatar."
"With its investments in AI infrastructure and obvious strengths on the power front, Saudi Arabia is a country that is building out data centers and positioning itself as a hub for AI, entertainment, sports, finance, high-tech manufacturing and more. Almost a decade into the Kingdom's Vision 2030 economic transformation plan, the non-oil sector now contributes 56% of its $1.3 trillion economy,"
A Global Forum in Riyadh brought business leaders together to examine the convergence of technology, geopolitics and demographics. AI dominated conversations, with Google president Ruth Porat predicting medical breakthroughs and creators using AI avatars to scale content production. Saudi Arabia is investing in AI infrastructure and power capacity while building data centers to become a regional hub for AI, entertainment, sports, finance and high-tech manufacturing. Vision 2030 has shifted the economy: the non-oil sector contributes 56% of a $1.3 trillion economy, women's labor participation is rising to 34%, and 675 global companies hold licenses to establish regional headquarters in Riyadh. Barclays announced a return after 11 years.
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