‘Like fire and nuclear, there must be rules for AI,’ says leading tech voice

Bruno Maisonnier, founder and CEO of AI firm AnotherBrain
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Updated 28 October 2021
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‘Like fire and nuclear, there must be rules for AI,’ says leading tech voice

Humanity needs rules for dealing with artificial intelligence (AI) in the same way it learned to manage fire and nuclear technology, one of the sector’s up and coming voices has claimed.

Bruno Maisonnier, founder and CEO of AI firm AnotherBrain, admitted there was a danger with the new technology, but that is no different from every major discovery since the dawn of man.

Speaking at the Future Investment Initiative Forum in Riyad, Maisonnier said: “There’s risk with AI as well as there are risk with every new technology, that’s part of human history 

“We brought fire and people died from fire, we brought nuclear and people died from that . 

“Each time we have the same reaction: First we fear and then we start to put the feedback and learn and put rules to get the positive out of this technology

“The same goes with AI. The question is when do we have to set these rules?

“Rules must be put but first we must allow the evolution to happen.”

Also speaking at the forum, Pascal Weinberger, CEO and co-founder of tech firm Bardeen AI, insisted that machines will never be able to fully replace humans in many environments.

“There are a lot of things that machines are better at than humans, and vice versa — especially at common sense,” he said.


Closing Bell: Saudi equities continue 4-day upward trend 

Updated 14 January 2026
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Closing Bell: Saudi equities continue 4-day upward trend 

RIYADH: Saudi equities closed higher on Wednesday, with the Tadawul All Share Index rising 51.52 points, or 0.47 percent, to finish at 10,945.15. 

Trading activity was robust, with 373.9 million shares exchanged and total turnover reaching SR6.81 billion. 

The MT30 Index also ended the session in positive territory, advancing 11.93 points, or 0.82 percent, to 1,472.82, while the Nomu Parallel Market Index declined 116.82 points, or 0.49 percent, to 23,551.47, reflecting continued volatility in the parallel market.

The main market saw 90 gainers against 171 decliners, indicating selective buying. 

On the upside, Al Kathiri Holding Co. led gainers, closing at SR2.18, up SR0.12, or 5.83 percent. Wafrah for Industry and Development Co. advanced to SR23, gaining SR0.99, or 4.5 percent, while Al Ramz Real Estate Co. rose 4.35 percent to close at SR60.

SABIC Agri-Nutrients Co. added 4.21 percent to SR118.70, and Al Jouf Agricultural Development Co. climbed 4.12 percent to SR45. 

Meanwhile, losses were led by Saudi Industrial Export Co., which fell 9.73 percent to SR2.69. United Cooperative Assurance Co. declined 5.08 percent to SR3.74, while Thimar Development Holding Co. dropped 4.54 percent to SR35.30.  

Abdullah Saad Mohammed Abo Moati for Bookstores Co. retreated 4.15 percent to SR48.50, and Gulf Union Alahlia Cooperative Insurance Co. slipped 3.96 percent to SR10.44. 

On the announcement front, Saudi National Bank announced its intention to issue US dollar-denominated Additional Tier 1 capital notes under its existing international capital programe, with the final size and terms to be determined subject to market conditions and regulatory approvals.  

The planned issuance aims to strengthen Tier 1 capital and support the bank’s broader financial and strategic objectives.  

The stock closed at SR42.70, gaining SR0.70, or 1.67 percent, reflecting positive investor reaction to the capital management move. 

Separately, Almasane Alkobra Mining Co. said its board approved the establishment of a wholly owned simplified joint stock company to provide drilling, exploration and related support services, with a share capital of SR100 million and headquarters in Najran, subject to regulatory approvals.  

The new subsidiary aligns with the company’s strategy to enhance operational efficiency and expand its role in the Kingdom’s mining sector.

Shares of Almasane Alkobra Mining closed at SR98.70, up SR0.30, or 0.3 percent, by the end of the session.