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Saudi Arabia’s AI Surge: Leading The Charge In Women’s Empowerment And Job Growth

by News Editor

April 10, 2025

Saudi Arabia has cemented its position as a rising powerhouse in artificial intelligence, securing the top global ranking for women’s empowerment in AI, according to Stanford University’s AI Index Report 2025. The Kingdom is also making waves in AI job growth, talent attraction, and cutting-edge model development—key indicators of its broader push to dominate the global AI landscape.

AI Talent And Job Growth: A Strategic Push

Saudi Arabia’s aggressive investment in AI is paying off. The Kingdom now ranks third worldwide in AI job growth for 2024 and fourth in developing leading AI models. It stands alongside the United States, China, France, Canada, and South Korea as one of only seven nations producing advanced AI models—an impressive feat for a country rapidly scaling its digital economy.

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A Rising AI Hub: Attracting Global Talent

Ranked eighth globally in AI talent attraction, Saudi Arabia is becoming a magnet for top-tier professionals. Strategic initiatives, a robust research ecosystem, and a business-friendly regulatory framework make the Kingdom an increasingly attractive destination for AI experts seeking opportunities in a fast-growing market.

Women At The Forefront Of AI

Perhaps the most striking achievement is Saudi Arabia’s global leadership in empowering women in AI, with the highest female-to-male ratio in the sector. This milestone is the result of targeted national policies that foster inclusion, skills development, and leadership opportunities for women in technology. Programs like “Elevate,” a partnership with Google Cloud designed to train over 25,000 women in AI and tech, are shaping a new generation of female AI leaders. Additional initiatives, including specialized training camps and capacity-building programs, are reinforcing the Kingdom’s commitment to gender diversity in STEM fields.

Saudi Arabia’s AI Vision: Scaling To Global Leadership

At the heart of Saudi Arabia’s AI dominance is the Saudi Data and Artificial Intelligence Authority (SDAIA), which is spearheading national efforts to drive AI adoption. SDAIA’s strategy focuses on enhancing digital infrastructure, developing policy frameworks, and accelerating AI investment to position Saudi Arabia as a global leader in artificial intelligence. These moves align seamlessly with the ambitious goals of Vision 2030, which aims to transform the Kingdom into a knowledge-driven economy powered by innovation.

As Saudi Arabia continues its AI expansion, the message is clear: the Kingdom is not just participating in the AI revolution—it’s setting the pace.

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Bending Spoons Buys Miro As SaaS Valuations Continue To Reset

by THEFUTURE.TEAM

September 10, 2026

Bending Spoons is buying Miro for $1.36 billion in cash, implying an equity value of $1.79 billion. That is about 90% below the workplace collaboration company’s $17.5 billion valuation in late 2021.

From Digital Whiteboard To AI Workspace

Founded in 2011 as RealtimeBoard, Miro began as a digital whiteboarding tool for remote teams. Demand surged during the pandemic, helping the company expand from about five million users to roughly 30 million between 2020 and 2022.

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Miro later added more than 250 integrations and partnerships with Atlassian, Cisco, Microsoft and Zoom. Today, it describes itself as an “AI innovation workspace,” offering AI assistants, prototyping tools and integrations with GitHub, Jira and Slack.

Growth Slowed After The Pandemic

Miro now has more than four million paying customers and 100 million total users, with about $600 million in annual recurring revenue. Businesses and enterprises generate roughly 90% of revenue, while the company has about $435 million in net cash and is profitable.

Its valuation decline reflects a broader reset in SaaS markets. As pandemic-driven demand faded, companies cut software spending and consolidated overlapping tools, increasing pressure on stand-alone collaboration platforms competing with broader ecosystems from companies such as Microsoft, Canva and Figma.

Bending Spoons Targets Mature Software

Miro has also reduced its workforce since reaching about 1,200 employees in 2022, cutting 119 positions in February 2023 and another 275 in October 2024, according to its CEO.

The acquisition fits Bending Spoons’ broader strategy of buying established software companies whose valuations have fallen but whose recurring revenue and user bases remain substantial. It previously agreed to acquire Airtable for $1.28 billion after the company had been valued above $11 billion in 2021.

For Bending Spoons, the strategy is a bet on durable revenue and profitability rather than the rapid-growth expectations that drove software valuations during the pandemic.