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...
Presight, a prominent big data analytics company based in Abu Dhabi, has announced a partnership with Microsoft to enhance the Presight AI-Startup Accelerator. This collaboration aims to empower emerging AI startups by providing essential resources, including high-performance computing, cloud services, and access to foundational AI models. The Presight AI-Startup Accelerator program is tailored for promising...
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...
The AWS GenAI Loft Dubai is poised to significantly enhance the UAE’s reputation as a leader in AI innovation and investment. Taking place from April 7 to 11, 2025, at the Dubai International Financial Centre (DIFC) Innovation One, this event will gather business leaders, investors, developers, startups, and AI enthusiasts to explore cutting-edge AI technologies...
PayPal has announced a strategic partnership with Ignyte, aiming to enhance the startup ecosystem in the UAE by providing seamless payment solutions and facilitating cross-border growth. As a founding partner of Ignyte, PayPal will support entrepreneurs and small businesses in managing their payments effortlessly, thereby aiding their operations in the expanding digital economy. This collaboration...
Australian fintech startup InDebted has officially launched its operations in the United Arab Emirates (UAE). This expansion marks the company’s entry into its seventh market since it was established in 2016. InDebted specializes in digital debt collection solutions, employing artificial intelligence to provide personalized repayment options for its clients. The company places a strong emphasis...
NKN Media, a prominent integrated media company, has successfully raised Dh35 million and is planning to secure an additional Dh50 million to enhance its global expansion and intellectual property development. The company is celebrating five years in Dubai and has established itself as a significant player in the region’s media and events sectors. Following the...
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....
Royal Rapchee Entertainment has officially launched its innovative Over-The-Top (OTT) streaming platform, Royal Rapchee, in Dubai. This new platform represents a significant investment of Dh50 million from Royal Cut Investment, a well-known investment firm based in the UAE. Registered in the Dubai Department of Economic Development (DED) as Royal Rapchee Visual Recorded Media Distribution LLC,...
ClearGrid has officially launched, emerging from stealth mode with $10 million in funding aimed at transforming the debt collection industry across the MENA region. This comes at a time when the region’s consumer lending market is valued at $500 billion and is facing increasing pressure from tightening consumer protection regulations. Traditional debt collection methods, characterized...