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Wembanyama Unaffected by NBA Draft Hype

NEW YORK: Victor Wembanyama dismissed the soaring hype swirling around him on Wednesday as he prepares to become the most sought-after No.1 pick in the NBA draft since LeBron James. The 19-year-old French talent is a lock to be chosen by the San Antonio Spurs in Thursday’s NBA Draft in New York, widely viewed as a once-in-a-generation talent capable of transforming a franchise. The 7ft 4in (2.24m) Wembanyama arrived in the US on Monday to be greeted by autograph hunters and San Antonio fans as excitement builds ahead of the Draft.

“AI’s Impact on Enterprise Software Market: $14tn by 2030”

RIYADH: Generative artificial intelligence is set to expand the global enterprise software market from $1 trillion currently to $14 trillion by 2030, said Saudi Arabia’s minister of communications and information technology.  Speaking at the France-Saudi Investment Forum in Paris on Monday, Abdullah Al-Swaha said the massive growth in generative AI would present a considerable opportunity for collaboration between Saudi Arabia and France. 

Saudi Arabia seeks defense deals at Paris expo

RIYADH: Saudi Arabia is seeking to explore partnerships and investment opportunities at the Paris Air Show 2023, which began on Monday in France. The General Authority for Military Industries, along with its partners Saudi Military Industries and the International Defense Exhibition, is taking part in the event to showcase the Kingdom’s progress in the defense industry. Saudi Arabia is keen on localizing the sector in line with its Vision 2030 goals, the Saudi Press Agency reported.

Saudi Industry Minister’s Investment Tour in Germany Continues

RIYADH: German investment in the Saudi mining sector was one of the key topics of discussion when the Kingdom’s industry minister met with a leading Bavarian politician. Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks with Roland Weigert, vice minister in the Bavarian Ministry of Economic Affairs, Regional Development and Energy, as part of his visit to Germany.

Spain and Brazil to hold anti-racism friendly match in Madrid following Vinicius’ abuse.

MADRID: The Spanish and Brazilian football federations presented their plan on Tuesday for a friendly match at the Santiago Bernabeu in March 2024 to combat racism, after global outrage at the abuse of Real Madrid’s Vinicius Junior. The Brazil winger, 22, suffered racial abuse by Valencia supporters in May, provoking worldwide outrage after he squared off with fans in one stand.

Riyadh Air, owned by PIF, reveals livery before Paris Air Show debut

RIYADH: The latest player in the global aviation industry, Riyadh Air, made an appearance with its remarkable livery at the King Khaled International Airport in the Saudi capital on Monday. A Boeing 787-9 Dreamliner painted aircraft flew at low altitude over several notable landmarks in the Riyadh skyline, including King Abdullah Financial District, Boulevard City, and some of the iconic main towers, thrilling residents with a glimpse of the Public Investment Fund-owned airline ahead of its public debut at the 54th Paris Air Show on June 19.

George Soros hands over control of his empire to younger son: WSJ

NEW YORK: Billionaire investor turned philanthropist George Soros is ceding control of his $25 billion empire to a younger son, Alexander Soros, according to an exclusive interview with The Wall Street Journal published online Sunday.

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