G20 discusses long-term vision for the digital economy

The G20 Digital Economy Taskforce (DETF) held consecutive virtual meetings on June 3 to June 4 to discuss a comprehensive approach to digital economy policymaking. (Supplied)
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Updated 05 June 2020

G20 discusses long-term vision for the digital economy

  • Members from G20 countries, guest countries, international and regional organizations met virtually

RIYADH: The G20 Digital Economy Taskforce (DETF) held consecutive virtual meetings on June 3 to June 4 to discuss a comprehensive approach to digital economy policymaking and the future of digitalization.

Members from G20 countries, guest countries, international and regional organizations, addressed the relevance of digitalization in maintaining business operations following the COVID-19 outbreak.

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Data Flows, Smart Cities, Digital Economy measurement and Digital Security were also on the agenda as well as the Connecting Humanity 2030 initiative.

Delegates also discussed digitalization in the context of the current crisis with a long-term vision for the best use of digital tools to build economic resiliency and promote job retention.

Prior to the DETF meeting, on June 1, the Dialogue on Trustworthy AI in Pandemic Response brought together experts from both the public and private sectors, and academia to explore the optimal role of government in Artificial Intelligence.

The potential use of the technology in diverse sectors was raised, along with how AI can be an efficient tool in pandemic responses. The Dialogue also examined the G20’s role in policy discussions and the long-term inclusion of AI on the G20 agenda.

G20 Digital Economy Ministers will review and continue the work of the Taskforce at their meeting on July 22-23.


Saudi-backed electric car breaks through 500 miles range barrier

Updated 12 August 2020

Saudi-backed electric car breaks through 500 miles range barrier

  • Lucid Motors announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan

 

LONDON:A Saudi-backed electric vehicle has broken through the 500 mile range barrier from a single charge.
Lucid Motors, in which Saudi Arabia’s Public Investment Fund is a major investor, on Wednesday announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan.
The results confirm that the Lucid Air is the longest range electric vehicle to date, the car maker said in a statement.
So-called “range anxiety,” where drivers fear being stranded without power in their cars, is a major factor for electric vehicle manufacturers in convincing people to make the switch from traditional gasoline-fueled vehicles.
“Range and efficiency are widely recognized as the most relevant proof points by which EV technical prowess is measured,” said Lucid Motors CEO Peter Rawlinson. “A few years ago we revealed our alpha prototypes of the Lucid Air and promised over 400 miles range; a reflection of our technology at that time. In the intervening period we have achieved a series of technological breakthroughs, culminating in an unsurpassed degree of energy efficiency.”
The PIF agreed a $1 billion investment deal with Lucid Motors two years ago to develop the car at a factory in Arizona.
The production version of the Lucid Air will debut in an online event on Sept. 9, 2020. In addition to the vehicle’s final interior and exterior designs, new details about production specifications, available configurations, and pricing information will also be shared.
Customer deliveries of the Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, will begin in early 2021.