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RIYADH, Saudi Arabia, Oct. 18, 2022 /PRNewswire=KYODO JBN/ --

The second edition of NEOM AI Challenge, launched by the Saudi Data & AI

Authority (SDAIA) in partnership with NEOM, continues to welcome those wishing

to compete in the Challenge until the 10th of November. NEOM Challenge aims to

support innovators and entrepreneurs and build local and international

capacities in small and medium enterprises worldwide to push them to new

heights in innovation.

This Challenge comes within the framework of SDAIA's efforts to unlock the

value of data as a national asset, as well as to contribute to realizing Vision

2030's objectives. Through this Challenge, SDAIA aspires to position the

Kingdom as a global pioneer in the fields of data and AI. SDAIA also plays a

critical role in raising awareness of AI, promoting and encouraging continuous

AI innovation, and building national capacities that excel in the field of

innovation.

NEOM Challenge, one of the initiatives of the Global AI Summit, held last

September, focuses on using AI technologies to overcome the challenges faced by

NEOM through 3 tracks: Utilizing data-driven AI for projections & insights in

decision-making, AI Adaptive inspection and Machine executable legislation and

AI.

Entrepreneurs can register for the Challenge as a team of 2 - 5 members. Small

enterprises are required to have a staff of 6 - 49 employees and revenues

ranging from SAR 3M - 40M per year to be able to join the Challenge, while

medium enterprises are required to have a staff of 50 - 249 full-time employees

and revenues ranging from SAR 40M - 200M per year.

Each of the winners of the three tracks will receive an executive contract with

NEOM worth SAR 500,000 to develop their innovations and ideas and turn them

into tangible products, as well as to motivate enterprises to offer the minimum

viable product.

You can register for the Challenge and view related information via the

following link: https://neom.globalaisummit.org/en/index.aspx  

The first NEOM Challenge was launched during the first edition of the Global AI

Summit in 2020 to find pioneering and innovative solutions to meet future

global challenges. The first edition focused on AI innovations developed by

university students. 400 students from 39 Saudi universities participated in

the first edition of the Challenge. They presented innovative projects to

create a sustainable environment in three critical areas representing the

Challenge paths: energy, entertainment, and transportation.

Source: SADIA