Technology

Saudi Arabia emerges as key investor in Elon Musk’s $24 billion startup xAI

The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market

Public cloud spending projected to reach $675 billion globally by 2024: Report

SaaS spending is forecast to grow 20 percent to reach a total of $247.2 billion in 2024

UAE and France partner to boost global AI ecosystem

The partnership will cover various areas, including data centre and supercomputing infrastructure buildout

How Generative AI can both harm and heal cybersecurity

Researchers use GenAI to exploit 87% one-day vulnerabilities

Sheikh Hamdan inaugurates Dubai AI Campus cluster at DIFC Innovation Hub

The move is part of phase one of the DUB.AI programme launched to accelerate AI adoption across key sectors

Qatar announces $2.47 billion AI incentive package

Arab AI project 'Al-Fanar' launched to develop Arabic large linguistic models

Seamless Middle East 2024 begins today, to navigate the future of digital commerce

Topics of discussion will include AI's impact on the banking industry, real-time transactions, the evolving commerce landscape

UAE’s TII launches updated Falcon 2 LLM, outperforming Meta’s Llama 3

Falcon 2 11B VLM stands out as TII's first multimodal model

UAE leads global fiber connectivity for 8 years in a row with 99.3 percent penetration

Singapore ranks second with 97.1 percent fiber optic network penetration

China’s Ant International seeks expansion in Saudi Arabia

Agreement to facilitate cross-border mobile payment and trade, empower Saudi businesses

29 percent of organizations deployed GenAI as leading AI solution, reveals new survey

25 percent of companies utilize customized GenAI models for specific use cases

UAE’s DIFC hosts 900 fintech firms, fuelling sector innovation and growth

Mohammad Alblooshi, chief executive officer of the Innovation Hub, DIFC, underlined the role of technologies in driving the expansion of the financial sector

AIM Congress 2024 begins in Abu Dhabi

The event aims to formulate investment strategies and policies, and promote investment and economic opportunities

Dubai FinTech Summit kicks off, to discuss latest sector innovations, challenges

The MENA fintech landscape is booming with over 800 fintech startups worth $15.5 billion

Saudi Arabia’s internet penetration reaches 99 percent in 2023: Report

Both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively

Saudi Arabia and Japan to collaborate on digital economy growth, technology innovation

Both parties discussed the progress made in various digital projects and joint initiatives under the Saudi and Japanese Vision 2030 frameworks

UAE is on the path to becoming the AI capital of the world

As Sam Altman once said, the country has been ‘talking about AI since before it was cool’

Driving economic growth through technology

Harnessing Artificial Intelligence (AI) to combat global economic disruptions and achieve sustainable progress

Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia

The move will strengthen Malaysia's global AI development support

Bitcoin halving: Where will crypto prices go from here?

Bitcoin’s price is up 120 percent over the last six months

Sheikh Hamdan launches Dubai blueprint for AI

As part of the first phase, a chief AI officer will be appointed in every government entity in Dubai