AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has entered into a strategic agreement with Qualcomm Technologies to advance autonomous AI across enterprise and government environments.
Presight AI Holding, a global leader in AI and data analytics, has reported revenue growth of 36.1% for the second quarter, which soared to AED713.2 million ($194 million), while its profit after tax registered a 30.2% growth over last year despite a dynamic regional operating environment.
Global chip giant Nvidia is teaming up with Wall Street's big guns including Apollo, Blackstone and Goldman Sachs to mobilise over $500 billion for AI infrastructure, as part of its ambitious plan to turn AI chips into a new asset class that investors can fund much like real estate or other critical infrastructure.
Implementing or expanding AI is the top priority for UAE commerce leaders this year, ahead of growing the customer base and adapting to changing buyer behaviours, says a new research from Salesforce, a leading AI CRM company.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Space42, the UAE-based AI-powered SpaceTech company, and Autonomous A2Z (A2Z), South Korea's leading autonomous driving company, have signed a commercial agreement valued at $7 million to deploy Level-4 mobility solutions in the UAE.
Storm Group, a Swiss-headquartered AI data centre infrastructure company, has appointed Reza Nedjatian as its Chief Executive Officer. Reza brings more than 15 years' experience developing and delivering large-scale power and digital infrastructure projects across Mena and North America regions to the role.
e& UAE today announced the launch of NetSecure360, a network assessment, management and security platform designed to help small and medium-sized businesses across the UAE protect their IT operations, identify vulnerabilities and access expert technical support at competitive value.
Infinite Business Solutions (IBS) is strengthening its position as a major digital transformation and FinTech provider in the Middle East, operating more than 1,500 self-service kiosks and 25,000 Point-of-Sale (POS) terminals across the region, with Saudi Arabia serving as its largest market.
Dubai Municipality has announced the launch of an innovative project to develop an AI-powered system that will fully automate the building permit issuance process. It represents a major leap forward in the delivery of building permit services by allowing customers to conduct pre-submission design checks.
