WAJA and Restored Cloud Sign MoU for AI Collaboration in Saudi Arabia
WAJA signed a Memorandum of Understanding (MoU) today with Restored Cloud, an American company, for joint collaboration on projects in the Saudi local market. The MoU aims to facilitate the exchange of technical and technological expertise between the two companies, particularly in the field of artificial intelligence, while leveraging opportunities available in the Saudi market. In a statement released today on Tadawul, the company clarified that the MoU is valid for one calendar year, with the possibility of extension upon mutual agreement. It also stated that there are no related parties involved, and the financial impact will be determined at a later stage. Restored Cloud is pioneering AI infrastructure by eliminating the need to checkpoint progress on model states during AI and ML training, maintaining permanent in-state memory of the model pipeline and ensuring no previous tasks are repeated. This is akin to using Google Docs with autosave for model states, avoiding manual saves and restarts. For large-scale models like OPT-175B, this technology can save over 200,000 GPU hours, resulting in significant financial savings—up to hundreds of millions of dollars—and enabling faster delivery of superior models. The solution is cloud-agnostic and supports multi-environment workspaces. With the rise of advanced AI methods such as Reinforcement Learning and Test-time compute, Restored Cloud's Engine—the world's first 11x Automated ML Engineer for Large-Scale AI/ML Training—removes the need for dedicated ML teams by automating and optimizing the training process. Engine acts as an integratable AI/ML Engineer-as-a-service, capable of handling complex training tasks with minimal user input. This partnership will also explore the deployment of advanced AI agents in Saudi Arabia, further accelerating innovation and digital transformation in the region.
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