The DIGI Nepal Fintech Challenge, launched by the Swiss Agency for Development and Cooperation (SDC) and True North Associates (TNA), aims to promote digital innovation in Nepal’s fintech sector. The challenge offers an accelerator program with technical assistance, mentorship, and potential co-funding grants for selected participants to pilot their innovations.
The Technology Innovation Institute (TII) has launched Falcon Mamba 7B, the top-performing open-source State Space Language Model (SSLM) globally. This marks TII’s fourth consecutive top-ranked AI model, reinforcing Abu Dhabi’s position as a global AI hub. The model, designed for complex tasks, will be available under a permissive open-source license.
Khalifa University’s RIC2D, through Intratomics, has partnered with LOLC Advanced Technologies Australia to develop and produce graphene-related products. The collaboration includes establishing a state-of-the-art production facility in Abu Dhabi, focusing on sustainable materials and supporting the UAE’s economic diversification through advanced materials like Graphene Oxide and Graphite derivatives.
Damac Capital, the investment arm of Damac Group, reports strong ROI from its strategic investments in SpaceX and Stripe. These investments highlight the group’s commitment to advancing global technology and innovation. Damac Capital is also expanding into AI, supporting high-growth companies poised to lead in their industries and drive global economic progress.
Oman’s Ministry of Transport, in collaboration with the Public Authority for Special Economic Zones, announced an investment opportunity to develop a ‘Tech Startup Zone’ at Airport Heights in Bausher. This initiative, aligned with Oman Vision 2040, aims to attract tech startups, offering incentives and fostering growth through a structured investment process.
