Saudi Arabia has cut back ambitions for its $500 billion real life metaverse project Neom, which is currently under construction in the country’s northwest, due to funding concerns. Originally, the government aimed to have about 1.5 million people living in
Saudi Arabia plans a $40B AI investment, potentially becoming the industry’s largest investor, with talks of a partnership with a16z. According to reports, in recent weeks, representatives of Saudi Arabia’s Public Investment Fund (PIF) have talked about a possible collaboration
The Saudi Ministry of Culture unveiled a national “metaverse” platform featuring cultural attractions and live events, accessible via Mobile XR on various devices, merging cultural heritage with digital developments. The Metaverse program was launched by the Saudi Ministry of Culture
Hedera Protocol recently announced the establishment of a $250 million fund dedicated to DeepTech. The objective is to promote web3 education and encourage its adoption in Saudi Arabia. An X announcement disclosed that the partnership will span five years. Between
Saudi Arabia, through its Public Investment Fund, has injected $590 million into virtual reality (VR) headsets, putting pressure on Apple’s Vision Pro. The investment was made into Magic Leap, a US company that makes headgear “that overlays virtual images into
Neom, the $500 billion futuristic urban metropolis currently under construction in northwest Saudi Arabia, has revealed Aquellum, its latest luxury destination off the Gulf of Aqaba coast. The project is embedded within a 450-meter-high mountain range, exposing an experiential and
The Saudi Arabian government, the sponsor of the Gamers8 festival, announced that the event will make a comeback in 2024 under a new name: the Esports World Cup. The Esports World Cup is set to feature teams from around the
Under the ambitious Saudi Vision 2030 and the National Gaming and eSports Strategy, Saudi Arabia is on the brink of becoming the global epicenter of gaming and eSports. In line with this, Qiddiya City is gearing up to host the
The International eSports Federation (IESF) is set to launch its World eSports Training Camp during the 8th World eSports Summit in Busan, South Korea. This venture is designed to provide eSports athletes from across the globe with a unique opportunity
Saudi Arabia has established an International Center for AI Research and Ethics to push for ethical practice in AI and shape policy in the Gulf region. Saudi Arabia’s Minister of Culture, Prince Badr Bin Farhan, announced the launch of the
Reddam House schools are leading the charge in a rapidly evolving educational landscape by seamlessly integrating virtual reality (VR) and the metaverse into their classrooms. This approach, which has already succeeded in five international schools, is now being embraced by
In a recent move for the AI sector, the King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has joined forces with two prestigious Chinese institutions. Their collaborative product, an Arabic-focused AI system named AceGPT, is reportedly poised
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