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Artificial intelligence

PIF governor Yasir Al-Rumayyan said the kingdom has ample funds to foster AI's development

Saudi wealth fund pitches kingdom as global AI centre

The governer of the Saudi sovereign wealth fund, Yasir Al-Rumayyan, expects the kingdom to emerge as a centre for artificial intelligence activities outside the US. “We are fairly well positioned to be an AI hub outside of the US,” Reuters reported, citing the Public Investment Fund governor’s speech at a Miami investment event. The head […]

SpaceGuardian is a joint venture between Saudi Arabia's Front End Limited Company and New York-based SpaceKnow

US-Saudi venture will use AI to analyse space data

A US-Saudi joint venture has been launched in the kingdom to use satellite imagery to monitor infrastructure development, traffic congestion and carbon sequestration, the natural process of CO2 storage in the atmosphere. Front End Limited Company, based in Alkobar, the Eastern Province of Saudi Arabia, and SpaceKnow, a New York technology company dedicated to transforming […]

Shorooq partner Tamer Azer says the VC firm is excited about investing in a 'different generation' of companies in sectors such as gaming

VC firm Shorooq focuses on AI, biotech and gaming

Venture capital company Shorooq Partners will target companies specialising in sectors such as artificial intelligence, biotech and gaming, a senior executive told AGBI. Shorooq is based in Abu Dhabi and manages about $350 million in assets and invests in startups in the Middle East and North Africa and beyond. It is focused on on fintech […]

AI cybersecurity arab woman computer screen

Mena cybersecurity spend grows to $3.3bn to fight AI crime

Spending on cybersecurity and risk management in the Middle East and North Africa will rise 12 percent in 2024 to $3.3 billion, the research group Gartner is forecasting. The rise in spending is a reaction to the growing use of generative AI to create fake information and fake images for use in cybercrime. Shailendra Upadhyay, […]

G42’s stake in the TikTok owner ByteDance was estimated at $100 million, according to data provider PitchBook

Cutting ties with Chinese companies ‘not easy’ says G42 CEO

Abu Dhabi artificial intelligence (AI) company G42’s decision to sever ties with Chinese businesses was difficult, CEO Peng Xiao said on Monday. He was speaking at the World Government Summit in Dubai. G42 has accepted constraints imposed on it to work with US companies, he said, citing the need for governments to safeguard the technology. […]

Kaust hopes its new project will improve diabetes testing

Saudi university developing AI for early diabetes detection

King Abdullah University of Science and Technology (Kaust) said this week it is working with Saudi company AmplifAI Health to develop AI technology for use in the early detection of diabetes.  Saudi Arabia and the UAE in particular are investing in health technologies that can predict medical risk and help develop medicines, and the kingdom […]

Abu Dhabi crown prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan at the launch of AI71, the company developing the large language AI model Falcon

Abu Dhabi sets up council to regulate AI

Abu Dhabi has established a new artificial intelligence council as part of efforts to regulate the technology and create research opportunities.  The Artificial Intelligence and Advanced Technology Council (AIATC) will be responsible for developing and implementing policies and strategies related to AI research, infrastructure and investments and advanced technologies in the emirate, the Abu Dhabi […]

UAE Cyber Security Council chairman Dr. Mohamed Al Kuwaiti speaks at the recent Intersec conference in Dubai. The UAE is the Mena region's leading AI developer

Mena IT spend expected to reach $184bn this year

IT spending in the Middle East and North Africa is projected to increase by four percent in 2024, as companies focus on upgrading software and embracing generative AI. Spending is estimated to reach $183.8 billion, a slight increase from $176.8 billion in 2023, according to US tech company Gartner. The use of generative AI will […]

OpenAI CEO Sam Altman was removed by the company board in November but returned four days later

Saudi IT company invests $5m in OpenAI

The Saudi IT company Al Moammar Information Systems has announced an investment of $5 million in the US artificial intelligence (AI) research company OpenAI.  Al Moammar recently established a portfolio to invest in international companies in the field of artificial intelligence.  Bloomberg reported in December that in early January OpenAI would complete a tender offer […]

UAE Cyber Security Council chief Dr Mohamed Al Kuwaiti

UAE ransomware attacks decline but payout size grows

Ransomware attacks in the UAE have declined significantly but the amount of money being demanded has risen, according to the Gulf state’s Cyber Security Council chief Dr Mohamed Al Kuwaiti. Speaking at Intersec, the security and safety conference in Dubai, Dr Al Kuwaiti did not disclose specific numbers, but cybersecurity company Kaspersky has reported a […]

In the past two years, 73 percent of UAE organisations surveyed about data security fell victim to successful ransomware attacks

Half of UAE businesses feel at risk from data attacks

More than half of UAE businesses still perceive themselves at risk from data security threats, a new report has found. The Data Risk Management 2023 UAE report by Veritas Technologies showed that in the past two years 73 percent of organisations surveyed fell victim to ransomware attacks. That is substantially higher than the global figure […]

An actor in the process of creating a synthetic facial reanimation video, or deepfake

Reality still beats deepfake technology … for now

Technology experts are confident that artificial intelligence-generated deepfakes will not dominate or replace human talent. “It sounds tremendously fake, even when it sounds ‘real’,” Ahmad Haffar, the voice behind Dubai Metro and managing partner at Mindloop Studios, told AGBI. Deepfakes are manipulated videos, images or audio recordings created using AI. They are increasingly commonplace in […]

Data centre demand Video length: 05:25

Demand for data centres accelerates across Mena

Demand is growing for data centres across the Mena region, which is “underserved” according to Hassan Alnaqbi, CEO of Khazna Data Centers. Dubai-based Khazna, which has 14 working centres, 10 to 12 under construction and four more planned, is one of the largest operators in the region.  “We have announced our expansion into Egypt. It […]

Technology tech trends man laptop ChatGPT ChatGPT took the world by storm in 2023 and research firm Gartner predicts that more than 80 percent of enterprises will integrate generative AI into their applications by 2026

Gulf tech trends to watch in 2024

Technological breakthroughs in 2023 have transformed society and the world economy, but we must always look ahead. These are the cutting-edge discoveries and technologies that will define 2024. Quantum computing Quantum computing – using the principles of quantum mechanics to tackle problems too complex for traditional computers – is set to revolutionise industries.  Global tech […]

Mangrove forests stop erosion and protect the coast from storm surges

Abu Dhabi uses drones and AI to reseed desert land

Abu Dhabi has begun trials to restore arid desert land in the Al Dhafra region by using drones for aerial reseeding. The pilot is being undertaken by the Environment Agency Abu Dhabi (EAD) and the investment and holding company ADQ, along with a UK-based environmental technology company, Dendra. The companies will use advanced seeding drones […]

Bahrain office rents

Bahrain introduces real estate data service for investors

Bahrain’s Real Estate Regulatory Authority has launched an online service providing investors with data on the kingdom’s real estate sector. Aqari Data Bank uses artificial intelligence to give up-to-date information on transaction volumes, property valuations, land classifications and the locations of commercial complexes, healthcare facilities and educational institutions. The subscription-based platform provides interactive maps and […]

Trade commissioner Oliver Christian believes that education is one sector that could benefit from AI investment between the UK and the GCC

AI to be at the heart of UK-GCC free trade talks

AI will be at the heart of future bilateral trade between the GCC and the UK, according to Oliver Christian, His Majesty’s trade commissioner for the Middle East and Pakistan. “That [AI investment] will definitely be the story of my tenure here over the coming years in the UAE and across the Middle East,” said […]

The Jetsons, pioneers of the smart home

Living like the Jetsons: Middle East homes go smart

It has been six decades since the American animated sitcom The Jetsons offered a glimpse into a future filled with robots and smart kitchens. Now reality seems poised to beat this once-fanciful vision.  Today, voice-activated assistants seamlessly control everything – from adjusting lights and thermostats to automating tasks such as unlocking doors or turning on […]