Source Credit: Arab News
As Saudi Arabia expands its use of artificial intelligence, a robust regulatory framework is becoming a major factor in US-Saudi cooperation. The US Chamber of Commerce's Vice President for Middle East Affairs, Steve Lutes, stressed the significance of unambiguous policies in fostering investor confidence.
Highlights
- During the LEAP 2025 technology conference, Lutes told Arab News that Saudi Arabia has an open-door approach of collaborating with business leaders and the US Chamber to develop its regulatory framework.
- According to him, this will increase investment, foster innovation, and fortify ties between the US and Saudi Arabia in the fields of artificial intelligence and the wider economy.
- Lutes added that a strong legal framework and talent development are essential for promoting AI innovation and growing enterprises,
- Saudi Arabia's youthful, tech-savvy workforce is a major contributor to the advancement of AI under Vision 2030.
- He emphasized that one of the top priorities for the Kingdom's innovation ecosystem is making sure Saudi Arabia has access to state-of-the-art US technology.
In order for important partners like Saudi Arabia to have access to and use US technology, Lutes stressed the need to strike a balance between collaboration and security measures. He was upbeat about the US-Saudi AI partnership's future and emphasized the need of diplomacy in accomplishing common objectives.
The significance of business-government cooperation in AI has been underlined by the US Chamber of Commerce. The Chamber endorses the OECD's AI Recommendations as a set of principles to advance reliable AI, which include responsibility, transparency, explainability, and fairness.
