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Saudi Arabia Launches Digital Platform For Seismic Hazards
The new service could prevent potential future risks and will help to support research into improving local infrastructure.
Residents of Saudi Arabia will soon be able to keep a watchful eye on potential natural disasters. The Saudi Geological Survey (SGS) recently launched the first digital scientific platform in the kingdom, known as the Geological Risk Base Platform, aimed at informing and educating citizens on natural seismic hazards.
منصة قاعدة المخاطر الجيولوجية
تعد أول منصة علمية رقمية تثقيفية للمخاطر في المملكة، تتيح للمستخدم استعراض بيانات النشاط الزلزالي والاطلاع على البيانات والخرائط ذات العلاقة وتمكن الباحثين والمختصين من طلب تلك البيانات واستخدامها في الدراسات البحثية العلمية. pic.twitter.com/yZbywdHeH6— هيئة المساحة الجيولوجية السعودية (@SgsOrgSa) April 4, 2023
The new portal will offer data and seismic risk assessments across various locations in Saudi Arabia and will provide technical solutions aimed at potential future risk prevention, as well as acting as a repository for research on improving local infrastructure.
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The Geological Risk Base Platform was introduced by Bandar Alkhorayef, Minister of Industry and Mineral Resources and Chairman of the Board of Directors of SGS. Meanwhile, Tariq Aba Al Khail, SGS spokesman, explained that the new platform would act as a “digital electronic page that includes all the information related to seismic hazards, data, and maps in and around Saudi Arabia”.
News
G42’s Inception42 Wants AI To Show Its Work Before Investors Commit
Launched at SuperReturn Middle East, Alpha is pitched at sovereign wealth funds and private equity firms underwriting bigger deals on tighter timelines.
Inception42, G42’s agentic AI company, believes that institutional investors want AI they can check, not just AI that saves time. Its new tool, Alpha, launched at SuperReturn Middle East, is designed to draft investment memos in which every claim points back to its source.
Alpha is aimed at private equity firms, sovereign wealth funds and institutional allocators, which Inception42 says are underwriting larger, more complex positions under tighter timelines. Most AI tools, it argues, speed up individual tasks such as a memo draft or a comps table but leave the investment strategy scattered across files, inboxes and committee decks.
Teams upload Confidential Information Memoranda, diligence packs and portfolio data, which Alpha turns into insights grounded in that material. It checks how complete the diligence is, flagging gaps before they become late-stage surprises, then scores the deal against criteria the institution sets and drafts the memo.
Sourcing every claim is the core of Inception42’s Alpha pitch. Investment committees, the company says, have little time to challenge the evidence, and the audit trail is meant to give them more certainty. The company also promises institutions proof that their own strategy was applied consistently on every deal.
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“Every investment committee wants the same thing: the full picture of a deal and the confidence to act on it,” says Ashish Koshy, CEO of Inception42. “Alpha gives deal teams and committee members that picture, with every insight traceable to its source, so speed and rigor finally pull in the same direction”.
Alpha is available as SaaS, and investment data, Inception42 says, stays under the institution’s control at every step. Firms can tailor the tool with custom agents, and Alpha Skills will eventually add reusable, practitioner-designed workflows for tasks such as comparables analysis and credit assessment.
The company says Alpha is already proven in the region’s most significant financial institutions. If the tool works as described, committees get an investment memo they can interrogate rather than simply take on trust.
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