stc Group signs 7 Memorandums of Understanding to develop & research AI technologies

stc Group, the regional digital enabler successfully concluded its mission at the Global AI Summit 2022 after unveiling a variety of digital solutions. On the sidelines of the summit, the group also signed multiple memorandums of understanding with the Saudi Data and Artificial Intelligence Authority, the Saudi Company for Artificial Intelligence, King Saud University, Matarat Holding and the American company Honeywell, in addition, solutions by stc, a stc group subsidiary signed an MOU with Dell, on the sidelines of the Global AI Summit 2022, which was hosted in Riyadh.
The MOU that stc Group signed, with the Saudi Data and Artificial Intelligence Authority (SDAIA) aimed at developing, researching and localizing artificial intelligence solutions and possible related technologies and exchanging experiences as well as knowledge in the fields of data management and governance. Furthermore, the group signed a tri-MOU with “SDAIA” and “SCAI”.
While the MoU with the Saudi Artificial Intelligence Company “SCAI” aimed at developing the technical landscape in the Kingdom, cooperating in the development and research of artificial intelligence and possible related technologies.
To enable growth and innovation, stc Group represented by the stc Academy signed a MOU with King Saud University in the field of artificial intelligence to enhance research & cooperation, by sharing long-standing experiences in the implementation of training programs and research projects, smart cities solutions, preventive maintenance, and future economies.
Moreover, stc Group, represented by “iotsquared”, which is owned by PIF and stc Group signed a MOU with “Matarat Holding” company to enhance the airports’ digital infrastructure by supporting IoT and artificial intelligence applications, in addition to another MOU with the American company Honeywell, to enhance cooperation in launching smart city initiatives for industrial sectors, as well as to benefit of Honeywell’s “HCS” and “Movilizer” platforms.
Finally, solutions by stc a stc group subsidiary signed a MOU with Dell to develop security control systems to protect and secure information systems across all industries, supply the demand within the AI technologies, to contribute to the digital transformation in the Kingdom.