Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), addressed the necessity for emerging economies to adapt to the transformative effects of artificial intelligence (AI) during her speech at the AlUla Conference for Emerging Market Economies in Saudi Arabia. She emphasized that these economies must embrace AI to remain competitive and ensure sustainable...
Generative AI is being recognized as both an opportunity and a challenge for business leaders in Qatar. According to Ahmed Ben Abdallah, Partner and Advisory Head of Digital and Innovation at KPMG in Qatar, the successful harnessing of generative AI’s potential will require strong ethical frameworks, investment in training, and the implementation of effective AI...
Paris-based AI startup Mistral has introduced a new language model, Mistral Saba, which focuses on Arabic-speaking countries. The model, launched on Monday, is tailored to handle Arabic interactions more effectively, setting it apart from Mistral’s general-purpose models. With 24 billion parameters, Mistral Saba is compact compared to other large language models (LLMs). While smaller models...
Elon Musk is ready to make a significant impact in the technology sector with the launch of his AI chatbot, Grok 3. The unveiling will feature a live demonstration at 8 p.m. PT (8 a.m. UAE time tomorrow, 18th of February). Musk founded xAI not only to compete with Microsoft-backed OpenAI and Alphabet’s Google but...
Qme, a B2B SaaS startup based in Egypt, has successfully raised $3 million in a seed funding round led by AHOY, a multisector technology company. AHOY was joined in this investment by a group of angel investors from the Gulf Cooperation Council (GCC). The funding aims to advance Qme’s AI-driven platform, which addresses inefficiencies in...
Core42, a G42 company that specializes in sovereign cloud, AI infrastructure, and digital services, has announced the launch of the AI Developer Playground in UAE data centers. This platform, built on the Qualcomm® Cloud AI family of accelerators and the Qualcomm® AI Inference Suite for Cloud, is designed to empower developers and AI engineers by...
NEOM has officially announced the unveiling of Hidden Marina, marking the first phase of its ambitious megacity project, THE LINE. This development is designed to accommodate over 200,000 residents and will feature a full range of amenities. Hidden Marina will stretch 2.5 kilometers in length and rise 500 meters in height, comprising three interconnected modules....
The Ministry of Finance of the UAE has published a public consultation document detailing the planned implementation of eInvoicing in the country. This document, titled the eInvoicing Programme Consultation Paper, spans 168 pages and outlines the main features and framework of the proposed eInvoicing model, including specific use cases and anticipated data requirements. According to...
Shanghai-based electric vehicle (EV) manufacturer Nio is preparing to open its first battery swap station in the Middle East later this month. An internal source revealed that the station has already been powered up and is currently undergoing testing, with a launch anticipated by the end of February. As reported by Electric-Vehicles.com, the approval process...
The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office has established a strategic partnership with Cyprus’s Ministry of Research, Innovation, and Digital Policy. This collaboration aims to strengthen cooperation in the digital sectors, share best practices in artificial intelligence (AI), and enhance the digital economy while improving societal well-being. Omar Sultan Al Olama,...