Presight AI Holding reported a 17.4% revenue increase to AED603.5 million and a 39.1% rise in pre-tax profit for H1 2024. Key achievements include acquiring a 51% stake in AIQ, forming IntelliGrid, and securing major partnerships, driving strong financial performance and reinforcing their commitment to AI-driven innovation.
UAE-based AI company G42 is collaborating with U.S. partners and the Emirati government to meet global AI standards amid concerns about ties to China. Following Microsoft’s $1.5 billion investment, U.S. lawmakers fear technology transfer to China. G42 emphasizes its commitment to complying with the highest global standards in AI development and deployment.
The Institute of Business Management (IoBM), New Horizon, and Huawei Technologies showcased their new IT infrastructure at an event in Karachi. The initiative aims to enhance digital transformation in education, improve data security, and support innovative teaching. Key speakers emphasized the importance of technology in modernizing education and driving Pakistan’s technological advancement.
Digital Dubai, in collaboration with government and private sector partners, is implementing the Strategic Vision for the Data Centre Economy. This initiative aims to position Dubai as a leading destination for sustainable, AI-driven data centres, enhancing digital transformation and economic productivity, and supporting next-generation technologies like Web 3.0, Metaverse, and Smart Cities.
Synapse Analytics secured $2 million in funding to expand its AI technologies across the GCC and Africa. The investment, led by Silicon Badia and Hub 71, will enhance financial inclusion and decision-making for financial institutions. Synapse’s AI solutions include credit scoring, dynamic pricing, and eKYC, positioning it as a key player in digital finance transformation.
UNESCO Kathmandu organized a consultation on AI in Education, uniting over eighty stakeholders to explore AI’s transformative potential in Nepal’s education system. Discussions focused on integrating AI to enhance learning, promote inclusivity, and develop robust policies. This initiative aims to prepare students for a tech-driven future and improve educational outcomes.
Dr. Shai Misan is expanding SaluberMD to Bahrain, merging global expertise with local talent to advance AI-driven healthcare. The new branch will provide top-tier AI training for local professionals, offer high-quality telemedicine services, and create high-tech jobs, positioning Bahrain as a leader in innovative healthcare solutions.
The logistics sector, a backbone of global trade, has been witnessing significant advancements due to AI’s integration.
SLB and Aker BP have formed a long-term partnership to co-develop an AI-driven digital platform using the Delfi platform. This initiative aims to enhance Aker BP’s E&P operations by leveraging advanced AI and cloud technology, driving efficiency, production, and sustainability, and establishing a unified data environment for subsurface workflows.
The Saudi Data and AI Authority has launched new technical infrastructure projects and data centers in Riyadh. These state-of-the-art centers, built to UPTIME Institute standards, aim to boost capacity and efficiency. The initiative supports SDAIA’s strategy for sustainable data centers with advanced electrical and mechanical systems.
