As Saudi Arabia drives its digital transformation under Vision 2030, the convergence of Artificial Intelligence (AI) and blockchain technology is emerging as a powerful catalyst for innovation in the Kingdom’s financial ecosystem. Two groundbreaking AI models, SaudiBERT and ALLaM, developed under the Saudi Data and Artificial Intelligence Authority (SDAIA), are poised to revolutionize sectors like cryptocurrency trading by enhancing efficiency, security, and accessibility.
Under the National Strategy for Data and AI (NSDAI), the Kingdom aims to become a top AI economy by 2030, attracting over SAR 75 billion in investment and training thousands of specialists in data and AI.
Saudi Arabia’s Vision 2030
The Kingdom is investing heavily in AI, with SDAIA leading initiatives to integrate generative AI across various sectors, including finance, healthcare, and logistics. A $100 billion fund for AI and technology, with plans for an additional $40 billion. Blockchain, a key pillar of Vision 2030, is also gaining traction, with applications in supply chain transparency, financial inclusion, and digital payments. The synergy of AI and blockchain offers transformative potential for crypto innovation.
SaudiBERT and ALLaM
SaudiBERT and ALLaM, developed by SDAIA, are AI models tailored to understand Arabic dialects and cultural nuances, making them uniquely suited for the Saudi market. SaudiBERT excels in natural language processing (NLP), enabling it to analyze market sentiment, decode news, and provide context-aware insights. ALLaM, enhanced through partnerships with global tech leaders like IBM, supports multi-dialect Arabic and is designed for efficient data processing in finance and beyond. For crypto platforms, these can offer:
- Real-time market analysis, personalised trading strategies, and enhanced security.
This Arabic-focused AI aligns with Saudi Arabia’s goal of localising technology, ensuring tools resonate with its 99% internet-penetrated, tech-savvy population.
BingX‘s AI Evolution – A Model for Crypto Innovation
BingX’s AI Evolution strategy, announced as part of its 7th anniversary, exemplifies how AI and blockchain can converge to redefine its crypto trading. With a $300 million investment over three years, BingX is integrating AI across its platform, introducing tools like BingX AI Chat (the world’s first AI-powered crypto trading assistant). This assistant, powered by multi-model AI engines and vast datasets, offers real-time insights, personalized strategies, and automated trading execution. Key scenarios include:
- Trend Forecasting – Blending technical indicators (e.g., RSI, Bollinger Bands) with news sentiments to predict market movements.
- Smart Position Analysis – Providing real-time portfolio health insights and stop-loss recommendations.
- Pro Trader Recommender – Matching users with top traders based on data-driven insights.
These features align with Saudi Arabia’s AI-driven ambitions, offering a blueprint for how platforms can leverage tools like SaudiBERT and ALLaM to enhance user experiences in the region.
