Riyadh, October 26, 2022, SPA -- Head of the Future Investment Initiative Thinking Pillar Safia Kakura announced the launch of the ‘Algoritmi Prize’ with support from global research publisher Springer Nature. The annual science and technology prize has been created to celebrate artificial intelligence (AI) and robotics research that has the potential to produce real-world solutions that address global challenges. Safia added that the Algoritmi Prize will focus on a different global challenge facing the world community across topics such as food and water security, healthcare, energy and climate change. The winning applicants will then receive funding to develop and scale their technology. The Head of the Future Investment Initiative Thinking Pillar said that the future of this field will lead to an improvement in the standard of human living in all fields, especially the medical field, in addition to the use of artificial intelligence for sustainability and measurement of floods and natural events that can affect human safety. She also added that each field has its advantages and disadvantages, and the use of any field must be taken into account correctly so that its results are satisfactory to the human being. --SPA 20:41 LOCAL TIME 17:41 GMT 0066 www.spa.gov.sa/w1803371