News
NVIDIA launches Nemotron 3 family of open models
NVIDIA announced the NVIDIA Nemotron 3 family of open models, data and libraries designed to power transparent, efficient and specialized agentic AI development across industries. The Nemotron 3 model...
Presight invites startups to join AI Accelerator Cohort 2
Presight has opened applications for the second cohort of its AI Accelerator program. The milestone marks the next phase of the company’s initiative to scale market-ready artificial intelligence solut...
G42 unveils upgrade to its Hindi-English LLM, NANDA
G42 today announced a major upgrade to Llama-3-Nanda, or NANDA for short, its open-source Hindi-English large language model (LLM). Developed by Mohamed bin Zayed University of Artificial Intelligence...
Advertisers see AI automation as next growth driver
New research from TikTok, in partnership with NewtonX, reveals a significant gap between advertisers’ ambitions for AI automation and its actual implementation. The study shows that 93% of adver...
Khalifa Fund, Hub71 to empower Emirati entrepreneurs
The Khalifa Fund for Enterprise Development (KFED) and Hub71 are to launch the MZN Hub71 Programme, a new initiative designed to empower Emirati entrepreneurs and business owners in the early stages o...
IBM to acquire Confluent for $11 Billion
IBM has agreed to buy Confluent for $11 billion. IBM and Confluent will enable end-to-end integration of applications, analytics, data systems and AI agents to drive intelligence and resilience in hyb...
$15M fund to support Indian startups in Saudi Arabia
India Accelerator (IA), India’s leading multi-stage, fund-led accelerator, is set to launch its accelerator program in Saudi Arabia, backed by a dedicated $15 million fund to support Indian startups e...
Factorial Capital closes $25 million Fund II
Factorial Capital, an early-stage venture capital firm pioneering a new model for AI investing, announced the close of its $25 million Fund II. The fund will continue Factorial’s thesis of backi...
Goldman Sachs opens new office in Riyadh
Goldman Sachs today announced the official opening of its new office and regional headquarters (RHQ) in Riyadh, Kingdom of Saudi Arabia. Located in the King Abdullah Financial District (KAFD), the new...