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AIREV, a rapidly growing artificial intelligence start-up based in the UAE, has secured an investment from the Irish venture private equity firm Venturewave Capital. This funding will support AIREV’s expansion as it develops one of the world’s first AI operating systems, called ‘On-Demand’. The investment will allow AIREV to explore new market opportunities both in...
Cerebras Systems has successfully cleared a U.S. government review concerning its connections with G42, an Abu Dhabi-based AI developer. This review was conducted by the Committee on Foreign Investment in the United States (CFIUS) and is expected to facilitate the California-based company’s long-anticipated initial public offering (IPO). The CFIUS probe specifically examined the planned $335...
The AIM Investment Forum, one of the world’s leading economic and investment platforms, is set to explore the future of artificial intelligence (AI) and its implications for governments during its 14th edition. The forum will take place at the Abu Dhabi National Exhibition Centre. This year’s discussions will focus on how AI innovation can drive...
Yabi has introduced an innovative AI-powered financial coach, designed to assist users in managing their money effectively. This platform aims to revolutionize personal finance management in the UAE by providing a personalized coaching experience that adapts to individual spending habits and lifestyle choices. With financial literacy in the UAE facing challenges—only 38% of adults are...
Lumi AI, an artificial intelligence startup located in the UAE, has successfully raised $3.7 million in a seed funding round led by AgFunder. Other notable investors in this round include Forum Ventures, Abu Dhabi’s sovereign wealth fund ADQ, the Qora71 syndicate, and several angel investors. This recent funding round is a significant milestone for Lumi...
Researchers at Weill Cornell Medicine-Qatar (WCM-Q) have published a study that employs large language models and data from wearable smart devices to create personalized recommendations aimed at improving student wellbeing and academic performance. The study, led by Dr. Arfan Ahmed, an assistant professor of research in population health sciences, focused on a group of 12...
Researchers at the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have introduced groundbreaking technology that enables users to create realistic virtual avatars in just seconds using a standard webcam. This innovation promises to revolutionize virtual communication by allowing individuals to interact as if they were physically present, capturing facial expressions and movements in real-time....
DELTA Wealth Partners has announced the upcoming launch of the DELTA Future Fund in the second quarter of 2025. This fund aims to redefine deep-tech venture capital in the region through an innovative approach that combines advanced artificial intelligence with the principle of “Artificial Wisdom.” Dr. Abdalla Kablan will lead the DELTA Future Fund, which...
The Dubai AI Festival is set to make a highly anticipated return in 2025, building on the success of its inaugural edition. This festival is a key event during the first-ever Dubai AI Week, which aims to highlight Dubai’s position as a global leader in artificial intelligence. The festival is expected to showcase innovative technologies,...
Fayafi Investment Holding has introduced a new proprietary algorithm called MEKKA, which stands for Market Emotional Knowledge & Kinetic Analysis. This announcement was made in Dubai, where Fayafi became the first UAE firm to issue a bankable certificate under the framework of the SIX Swiss Exchange. Created by Fayafi’s Executive President Dr. Patrick Pilati in...