Insilico Medicine plans to grow its presence in Saudi Arabia, building on the recent investment from Prosperity7. Under a strategic plan known as Vision 2030, the government of Saudi Arabia is focused on developing its technology sector, including through major investment and partnerships in data and AI, with $20 billion in funding for AI alone. Prosperity7 is helping to advance these goals through its strategic investments in disruptive, next-generation technologies.
At last year's GITEX trade show in Dubai, the Saudi Data and Artificial Intelligence Authority showcased a number of new tech developments, including a secure video conferencing system used by government officials, an app to counter COVID-19, and an international AI art competition.
"Data and AI are at the heart of Saudi Arabia's Vision 2030," Majid AlShehry, a spokesperson for the Saudi Data and Artificial Intelligence Authority, told C4ISRNET
. "By developing our own AI strategy and policies, we have developed the skills and resources that we wish to share with other nations to ensure that all countries are equally prepared to harness the value of AI,"
At the upcoming GITEX event in Dubai in Oct. 2022, Petrina Kamya, PhD, Head of AI Platforms at Insilico Medicine, will present a keynote at the invitation of the global organization Women in AI.
Insilico Medicine founder and CEO Zhavoronkov discussed Saudi Arabia's efforts to become a serious technology powerhouse in his recent Forbes column
, noting that on a recent trip he saw evidence of a serious transformation underway in the country, from the Absher app that allows residents to do everything from buying property to renewing licenses to highly efficient architecture.