ChainCatcher news, according to Jinshi reports, Saudi Arabia announced a $14.9 billion technology investment and strategic partnerships at the Riyadh LEAP technology conference on February 9, marking an expansion of the country's AI and digital infrastructure strategy.The Saudi Ministry of Communications and Information Technology announced that it will allocate $10.9 billion for AI infrastructure and startup funding, while Grog will invest $1.5 billion to establish the world's largest AI-centered data center in Saudi Arabia.The report mentioned that the Chinese AI company DeepSeek has begun operations at Aramco's digital data center in Dammam, Saudi Arabia, which is another significant advancement in the country's continuously expanding AI infrastructure.

ChainCatcher news, according to data disclosed by 8marketcap, as BTC continues to reach new historical highs, its market capitalization ranking has surpassed Saudi Aramco, becoming the 7th largest asset in the world by market value.

ChainCatcher news, Japan's financial group SBI and energy company Saudi Aramco announced that they will explore potential cooperation in the fields of digital assets and semiconductors. SBI also stated that it plans to establish "SBI Middle East" in Riyadh as a base for its operations in the Middle East.SBI and Saudi Aramco will consider jointly investing in each other's digital asset portfolios. In addition, SBI will look for Japanese digital asset startups that wish to expand their business in Saudi Arabia, and they will jointly provide support.

ChainCatcher news, oil giant Saudi Aramco has signed a memorandum of understanding (MoU) with droppGroup to explore the joint development of a range of Web3 technologies. The related Web3 applications will aim to assist Saudi Aramco employees, including potential onboarding guidance, training ecosystems, and tokenized networks and reward programs.It is reported that droppGroup is a Web3 technology provider whose tech stack includes artificial intelligence (AI), machine learning (ML), extended reality (XR), tokenized networks, and metaverse environments. (Source link)