Riyadh - Sharikat Mubasher: The Saudi Company for Artificial Intelligence (SCAI), owned by the Public Investment Fund (PIF), joined hands with the Future Investment Initiative Institute (FII Institute) to accelerate responsible and ethical artificial intelligence (AI) development while driving innovation and promoting sustainability.

The partnership agreement was signed during the eighth edition of the FII investment conference (FII8) that took place in the Saudi capital from 29 to 31 October.

Both parties will provide a platform to foster AI research and development, ensuring a positive and equitable impact on the future.

Under this partnership, SCAI will be able to leverage FII Institute’s global network and deep expertise in developing meaningful initiatives while connecting with investors and policymakers to promote transparency and accountability in AI development and deployment.  

Richard Attias, CEO of the FII Institute, stated that the partnership with SCAI will harness the immense potential of AI while safeguarding against potential risks.

“SCAI and FII Institute are committed to partnering with global leaders to foster a thriving AI ecosystem that benefits businesses, workers, and society as a whole,” Attias elaborated.

Meanwhile, SCAI’s Chief Commercial Officer Mubarak Alwadaani said: “Our collaboration with the FII Institute is a testament to our unwavering commitment to developing AI technologies that not only push the boundaries of innovation, but also uphold the highest standards of ethics and responsibility.”

This collaboration embodies a mutual commitment to international connections aimed at propelling the technology sector forward, ultimately ensuring a significant imprint on the global technology landscape.

It is worth noting that SCAI offers impactful solutions and products for multiple sectors, including smart city, media, healthcare, financial services, sport and entertainment.