Diriyah Co. CEO lauds Saudi efforts to empower youth

Jerry Inzerillo, group CEO of Diriyah Co., addressed young Saudis, urging them to dream big and sharing insights from his own journey.
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Updated 29 February 2024
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Diriyah Co. CEO lauds Saudi efforts to empower youth

RIYADH: Leadership and empowerment insights took center stage during a workshop at the Human Capability Initiative, with industry leaders delving into the future of Saudi Arabia’s workforce. 

In a “What If?” talk at the Riyadh event, Jerry Inzerillo, group CEO of Diriyah Co., addressed young Saudis, urging them to dream big and sharing insights from his own journey. 

He said: “Please dream big. There was nothing in between you and your dreams that you cannot accomplish.”  

Inzerillo emphasized the importance of self-esteem and dignity in leadership, signaling a departure from traditional hierarchical models toward more inclusive and empowering approaches. 

Praising the visionary leadership of Crown Prince Mohammed bin Salman, Inzerillo expressed gratitude for the unprecedented support provided to initiatives like the Human Capability Initiative.  

Inzerillo commended the substantial investment in training and development facilitated by the crown prince, highlighting its significance in equipping the next generation with the skills necessary to navigate the challenges of an ever-evolving technological landscape.  

“In a 50-year career, I’ve never had the training and development budget that the crown prince has given us,” he remarked. 

“We are marching forward to 2030; we are marching positively. We believe in ourselves and those who will help us on our mission.”  

Inzerillo said that as of yesterday, they had 2,419 employees, with 85 percent of the staff being Saudi. 

“Now, 39 percent of our Saudi staff are women superstars. And those 39 percent of my Saudi women superstars boss me around on a daily basis more than the 61 percent of the boys.”  

The CEO shared his impressions of the young Saudi talent present at the event and said: “In New York, we have a saying, when you’re very excited, you have goosebumps. That’s the way I feel right now. Because just being backstage for a moment, and seeing all of the young talented Saudis, to me it’s like a thunderbolt of energy.” 

Inzerillo concluded with a resounding call to action, reminding every individual of their potential to contribute to the realization of Vision 2030. “Every single individual is capable of contributing to Vision 2030 and should.”  


As world fractures, experts weigh in on the politics of AI at WGS

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As world fractures, experts weigh in on the politics of AI at WGS

  • e& group CEO Hatem Dowidar said there was increasing pressure to choose between the Chinese and US ecosystems

DUBAI: Across three days of rigorous debate at the World Government Summit in Dubai, experts from some of the world’s largest tech and telecommunication companies debated what the future political landscape of artificial intelligence development would be.

Speaking at the summit on Thursday, e& group CEO Hatem Dowidar said there was increasing pressure to choose between the Chinese and US ecosystems, which could have impacts on the sovereign capabilities of countries, like Gulf Cooperation Council member states, which thus far have stayed in the middle.

“I think the fracture and the pressure today is if you use this technology, you cannot use the other. You must separate them completely and this is something that never happened before,” Dowidar said.

He warned that whilst people around the world currently have access to both the leading large language models in the US and China, ChatGPT and Deepseek, this would not always be the case, and middle powers would need to develop their own capability to maintain their sovereignty.

“Europe is trying to find its own way as well, because Europe — having been caught now in the middle — they don’t have platforms, they don’t have the data center capability,” he said.

“So now, Europe is focusing a lot on building sovereign capability, sovereign data centers to run AI applications within Europe.”

Dowidar said the GCC had been ahead of the curve in this regard, having worked out early on that sovereign capability would be necessary in the new multipolar world and subsequently investing heavily in local infrastructure and capability.

“We were lucky here in the region that already — I would say a couple of years ago —we have kind of ironed out how this works,” he said.

“I think that everyone will try to see how they can either utilize the global platforms in a sovereign manner, or they end up trying to push to develop their own platforms.” 

This sentiment was echoed by Chamath Palihapitiya, the founder and managing partner of Social Capital, who said that China’s dedication to open-source models — whose code is released under a license granting users rights to view, study, modify, and redistribute it freely — could make Chinese AI more popular in the long run for nations looking to keep some level of sovereignty.

“I do think that there are a handful of American open-source models that are quite good. I think Nvidia’s models are excellent. But in fairness, the Chinese open-source models are just superb,” he told the summit on Wednesday.

“It’s going to be important for every country to make their own decisions about their own sovereignty, and in that realm, I think the open-source models provide the clearest path, because it just gives you total transparency to what’s happening underneath the hood.”

This was reiterated by Joseph Tsai, the chairman and co-founder of Alibaba Group, who said Chinese open-source systems would be favored by middle powers — but warned they had yet to find a way to be economically self-sufficient. 

“Because countries care about the sovereignty aspect and care about their data privacy, you can take an open-source model and deploy it on your own infrastructure … giving you ownership and control” he said.

“But it remains to be seen how economically all the model companies are going to make it sort of sustainable with an open-source approach … This is the biggest challenge for the Chinese firms.”