NAVER expands AI cooperation with Saudi Arabia at GAIN 2024

Riyadh, Saudi Arabia—South Korea's NAVER Corp (035420. KS) announced on Thursday that it is expanding its artificial intelligence (AI) cooperation with Saudi Arabia.

NAVER's leadership, including Global Investment Officer Lee Hae-jin and CEO Choi Soo-yeon, attended the Global AI Summit 2024 (GAIN 2024) in Riyadh from September 10 to 12.

The company signed a memorandum of understanding (MOU) with the Saudi Data & Artificial Intelligence Authority (SDAIA) to collaborate on AI, cloud, data centers, and robotics.

NAVER Cloud CEO Kim Yu-won delivered a keynote speech emphasizing the importance of AI sovereignty and NAVER's commitment to supporting Saudi Arabia's AI innovation.

During their visit, the NAVER team met with several Saudi ministers and officials, including the Minister of Municipal and Housing Affairs and the Minister of Communications and Information Technology.