Invest Saudi heads to Web Summit 2025 to highlight $14.9bn in Saudi tech investments and Vision 2030 opportunities in AI and e-commerce
Technology
Latest in Technology
data centre
Microsoft and G42 to expand UAE data centre capacity
Plans for large-scale data centre expansion will strengthen the UAE’s AI and cloud infrastructure and accelerate its digital economy goals
Android
OpenAI launches Sora app for Android
Viral AI-powered video creation tool now available on Android devices in select markets
AI adoption
81% of Saudi companies using industry-specific AI
New SAP-commissioned YouGov survey reveals that Saudi enterprises are rapidly scaling artificial intelligence adoption
Abu Dhabi
Abu Dhabi’s AIQ set to transform Indonesia’s upstream operations
Agreement with SKK Migas will see it implement its highly effective Reservoir Performance Advisor module from its Advanced Reservoir 360 platform
AI adoption
Dubai Holding forms JV with Palantir to bring its proven technology to the UAE
Aither will serve as a platform to accelerate AI adoption across industries after exceptional results for Dubai Holding portfolios over last 18 months
Emirates Lunar Mission
MBRSC completes all tests and sends Rashid Rover 2 to the US for launch
It will begin its next phase of preparations with Firefly Aerospace for its launch to the far side of the Moon in 2026
Amazon
Amazon stocks surge after $38bn cloud compute deal with OpenAI
The multi-year partnership empowers OpenAI with immediate and increasing access to Amazon Web Services’s cloud infrastructure for their advanced AI workloads
Artificial intelligence
UAE announces $15.2bn Microsoft investment to expand AI, cloud and talent infrastructure by 2029
Microsoft will invest $15.2bn in the UAE by 2029 to expand AI and cloud infrastructure, train one million people and deepen US–UAE tech ties
Abu Dhabi
US-based Gecko Robotics signs three major agreements with ADNOC
Will explore deploying robotics and AI across the company’s operations, starting with using its acclaimed Cantilever system across ADNOC Gas assets
Abu Dhabi
Space42 strengthens UAE’s earth observation capabilities with three new satellites
UAE is now one of only 20 countries with SAR assets that can help governments accelerate emergency response by up to 90%
Cisco and G42 strengthen US-UAE tech ties with major AI infrastructure push
Cisco will build and secure a large-scale AI cluster for Abu Dhabi-based G42, deepening bilateral technology cooperation under the US-UAE AI Acceleration Partnership
Market capitalisation
Nvidia creates history by becoming first company to reach $5trn market cap
Grows from $1trn in just 29 months; Now worth more than the GDP of every country on earth, except for the United States and China
Future Investment Initiative
AI firm Humain targets dual IPO in Saudi Arabia and US within 4 years
CEO says Humain’s financial roadmap includes a plan for shares to trade both on the Saudi stock exchange and Nasdaq
Artificial intelligence
Saudi Aramco to acquire minority stake in PIF-backed AI firm Humain
The deal remains subject to definitive documentation, regulatory approvals and customary closing conditions
ChatGPT
PayPal teams up with OpenAI to power instant checkout in ChatGPT
Starting next year, PayPal buyers and sellers will be able to complete transactions through the most popular AI tool in the world
Artificial intelligence
Sharjah ‘a nice place to live, study, work and start a business,’ says government advisor
Digital Integration Programme aims to replicate emirate’s physical ecosystem approach in government services
