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The UAE is launching Arabic AI software
An artificial intelligence group with links to Abu Dhabi’s ruling family has launched what it described as the world’s highest-quality Arabic AI software, as the United Arab Emirates pushes ahead with efforts to lead the Gulf’s adoption of generative AI. The large language model known as Jais is an open-source, bilingual model available for use…
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Saudi Arabia and the UAE are purchasing thousands of Nvidia’s AI chips
Nvidia’s graphics processing units are in high demand as Saudi Arabia and the United Arab Emirates snapped up thousands of its chips to build artificial intelligence software, the Financial Times reported Monday, citing unnamed sources. Saudi Arabia purchased at least 3,000 of Nvidia’s H100 chips, and the UAE, which has also begun work on its…
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The GCC region needs $8bn in capital investment for the Web3 climate infrastructure
The GCC region requires about $8 billion capital infusion to develop Web3 climate infrastructure such as climate asset certification, waste management marketplaces, and decentralized funds to attract innovators needed to develop the digital asset space on a war footing to tackle the fast-rising instances of climate change induced disasters, an industry expert said. Dubai, currently…
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Coinbase looks to the Middle East, namely the UAE to set up their international headquarters
The UAE has quickly become a center of web3 innovation, with Dubai being home to some 500 startups; Hub71 in Abu Dhabi providing companies with funding and access to blockchain and virtual asset infrastructure; and with over 11% of the population owning cryptocurrency, it’s easy to see why. The UAE is also a key hub…
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Customs officials in Dubai will train in the Metaverse
Dubai Customs will soon use metaverse technology into its leadership development programmes. The move is part of the government body’s commitment to enhance trade operations through innovation and technology, thus contributing to Dubai’s economic agenda, a statement by the Dubai Media Office (DMO) explained. Director-General of Dubai Customs Ahmad Mahboob Musabih has presented the authority’s…
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DIFC launches new Metaverse platform
Dubai International Financial Centre announced the launch of the DIFC Metaverse Platform on Monday in a bid to attract technology innovators from across the globe, Emirates News Agency reported. The platform is part of the Dubai Metaverse Strategy, which aims to add $4 billion to the emirate’s GDP by 2030, support 40,000 virtual jobs, and…
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Multiverse Labs launches in the UAE
Artificial intelligence ecosystem Multiverse Labs has launched a new metaverse city in the United Arab Emirates (UAE), a move the emirate said could enhance the region’s tourism industry. The new metaverse city, dubbed Sharjahverse, was described by Multiverse Labs as a “photorealistic, physics-accurate” metaverse that encompasses the emirate’s 1,000 square-mile surface area. The virtual city will support the local…
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- Deutsche Bank aims to enter the metaverse and engage with customers virtually
- The UAE is launching Arabic AI software