Saudi Aramco pursues diversification with artificial intelligence center
The Saudi energy giant is flush with cash from oil sales abroad.
![Guests attend the Global AI 2020 Summit in the Saudi capital, Riyadh, on Oct. 21, 2020.](/sites/default/files/styles/article_hero_medium/public/2022-04/GettyImages-1229199670.png?h=a5ae579a&itok=mrE_8iGV)
Saudi’s state-owned oil company announced today its plan to support artificial intelligence (AI) research in the kingdom.
Aramco signed a memorandum of understanding with King Abdullah University of Science and Technology north of Jeddah to create a new research center for AI at the educational institution. The center will focus on research, development and marketing of AI technologies, the official Saudi Press Agency reported.