Abu Dhabi Investment Authority Lab (ADIA Lab) and Minsait have signed an MoU to collaborate on research focused on the sustainable and ethical use of AI. The partnership will explore key areas like green AI, smart cities, healthcare, digital finance, and quantum computing, producing scientific publications to advocate for responsible AI advancements.
The Technology Innovation Institute (TII) has launched Falcon 2, featuring Falcon 2 11B and Falcon 2 11B VLM models. These efficient, multilingual, and multimodal AI models surpass competitors and are open-source, providing developers with advanced tools for various applications. TII plans to further enhance these models with advanced machine learning capabilities.
Zain Group’s Q1 2024 results show a 5% revenue increase to $1.5 billion, with an EBITDA of $480 million. Despite challenges in Sudan, strong performance in Iraq, Kuwait, KSA, and Jordan bolstered growth. The group remains focused on mitigating Sudan’s impact through various operational measures.
Fils, a UAE-based digital infrastructure provider, has teamed up with Arab Financial Services (AFS) to promote sustainable practices and climate action across the Middle East and North Africa. This partnership leverages Fils’ fintech technology and AFS’s digital payments expertise to integrate sustainability into business operations, financial transactions, and customer journeys.
Bahrain’s Information & eGovernment Authority (iGA) has partnered with Thales to revamp the kingdom’s ID card system, enhancing biometric and security features and aligning with global digital standards. This initiative supports Bahrain’s 2030 Economic Vision and aims to improve efficiency and customer satisfaction.
Lenovo has partnered with ZAK Solutions, becoming its first Tier 1 partner in the META region and offering an extensive range of products. This strategic collaboration aims to enhance technological accessibility and drive digital transformation across the Middle East, aligning with Lenovo’s commitment to democratizing AI and advancing regional growth.
