– Establishment of an AI Centre of Excellence in Saudi Arabia.
– Creation of Global Market Leaders.
– On December 17, 2021, Rezolve AI entered into a definitive Business Combination Agreement with Armada Acquisition Corp. I (NASDAQ: AACI), a publicly traded special purpose acquisition company. The agreement is expected to close in H1 2024, subject to approval by Armada’s shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions. Upon closing of the transaction, the combined company’s shares are expected to trade on the Nasdaq under the ticker symbol “ZONE”.
On March 18, 2024, the Ministry of Investment of Saudi Arabia (MISA) announced a strategic partnership with Rezolve AI Limited, signaling the Kingdom’s dedication to technological progress and economic prosperity. This collaboration aims to transform the artificial intelligence (AI) industry by establishing an AI Centre of Excellence in Saudi Arabia, in line with Vision 2030’s innovation and development objectives.
Key Partnership Highlights:
– Creation of an AI Centre of Excellence in Saudi Arabia: This center will be a focal point for innovation, utilizing Rezolve AI’s cutting-edge technology to address the industry’s critical issue of AI hallucinations, guaranteeing the development of trustworthy and ethical AI solutions.
Our goal, in collaboration with the Ministry of Investment, is to establish five AI ventures in various market sectors, funded and based locally, with the aim of becoming global market leaders. These ventures will utilize Rezolve’s advanced AI Large Language Model (brainpowa) to drive innovation and achieve global leadership while avoiding AI hallucinations.
With this initiative, Saudi Arabia aims to not only become a leader in AI technology but also to serve as a catalyst for global AI-driven companies, positioning the Kingdom as a hub for technological innovation and economic diversification.
The Ministry of Investment is working to make it easier for top public and private financial and corporate institutions to support Rezolve’s upcoming listing on NASDAQ. This shows KSA’s dedication to being open for business and attracting the next generation of global leaders, encouraging them to establish their operations and headquarters in the Kingdom.
Last week in Riyadh, Saleh Al-Khabti, Deputy Minister of Investment Transactions for the KSA, and Dan Wagner, CEO and Chairman of Rezolve AI Limited, emphasized the transformative potential of their partnership at the signing ceremony. This collaboration is a major achievement in Saudi Arabia’s efforts to establish itself as a global technology leader, demonstrating the Kingdom’s dedication to fostering the growth of future technology innovators on the world stage.
About Rezolve AI Limited
Rezolve is revolutionizing customer engagement in retail with its exclusive mobile engagement platform. The Rezolve Platform offers a range of powerful mobile commerce and engagement capabilities, allowing mobile application vendors to tap into valuable commercial opportunities without the need for coding, hosting, or security management. With the Rezolve Inside SDK, mobile application vendors can easily incorporate innovation into their existing or new mobile apps. Founded in 2016 and headquartered in London, UK, Rezolve also has offices in Shanghai, New Delhi, Taipei, Frankfurt, Madrid, Mexico City, and Providence, RI, USA. (www.rezolve.com)
O Armada Acquisition Corp. I
Armada Acquisition Corp. I (Nasdaq: AACI) to firma poszukująca inwestycji, której celem jest przeprowadzenie fuzji, wymiany akcji, akwizycji aktywów, zakupu akcji, reorganizacji lub podobnej kombinacji biznesowej z jednym lub większą liczbą firm. Armada została założona 5 listopada 2020 roku i ma siedzibę w Filadelfii, w stanie Pensylwania.
KONTAKT:
Kontakty medialne:
Ministerstwo Inwestycji, Królestwo Arabii Saudyjskiej:
InvestorCare@misa.gov.sa
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Rezolve
e-mail: urmeekhan@rezolve.com
44-7576-094-040
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Armada Acquisition Corp
Mike Bishop Bishop IR, LLC mike@bishopir.com
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