Qatar is leading AI investments in the MENA region with $2.4 billion in incentives, aiming to enhance its AI capabilities and attract global experts. The initiative is part of Qatar’s strategy to build a smart economy, with digital investments projected to reach $5.7 billion by 2026, significantly boosting various sectors.
Google for Startups has launched the AI Academy to support and accelerate AI startups in Pakistan and the Asia-Pacific (APAC) region. The program offers tailored mentorship from AI experts, up to $350,000 in Google Cloud credits, and opportunities for cross-border collaboration, aiming to strengthen the AI ecosystem in APAC.
Dubai Electricity and Water Authority (DEWA) has enhanced its customer service with generative AI and ChatGPT through its virtual employee, Rammas. Since its upgrade in April 2023, Rammas has handled over 9.6 million enquiries, achieving 95% customer satisfaction. DEWA is the first utility globally to use generative AI for customer engagement.
Oracle has opened its second public cloud region in Saudi Arabia, in Riyadh, as part of a $1.5 billion investment. This expansion aims to meet growing demand for AI and cloud services, enabling organizations to modernize applications and innovate with data, analytics, and AI, enhancing the kingdom’s digital economy.
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.
