by Jibran Munaf | September 16, 2024 | Expert Analysis, Technology
Gartner, Inc. forecasts that 40% of generative AI (GenAI) solutions will be multimodal—handling text, images, audio, and video—by 2027, a sharp increase from just 1% in 2023. This transition from single to multimodal models is expected to enhance human-AI interaction...
by Jibran Munaf | September 16, 2024 | Technology
The Dubai International Financial Centre (DIFC) has launched a first-of-its-kind AI License aimed at attracting more companies to Dubai, positioning the emirate as a global leader in artificial intelligence and emerging technologies. In addition to the AI License,...
by Jennifer George | September 13, 2024 | Industry, News, Technology
MGX, a UAE-owned technology investment company, has entered talks with OpenAI to explore potential funding prospects in the AI giant’s recent multibillion-dollar fundraising round. The Wall Street Journal spoke to sources close to the matter, who emphasized...
by Jibran Munaf | September 13, 2024 | Corporate Finance, Technology
OpenAI is reportedly in discussions with investors to raise $6.5 billion in new funding at a pre-money valuation of $150 billion, according to sources cited by Bloomberg. This figure marks a significant jump from the AI company’s last reported valuation of $86...
by Jennifer George | September 12, 2024 | Healthcare, Industry, News, Technology
Robots in an operating room are no longer science fiction or a doctor’s worst nightmare. King Faisal Specialist Hospital and Research Center (KFSHRC) has achieved this seemingly impossible feat in the region’s first complete robotic heart transplant on a...
by Jennifer George | September 12, 2024 | Industry, News, Technology
Aramco Digital, the digital and technology subsidiary of Aramco, and Accenture have formed a strategic partnership to fuel generative AI innovation and supercharge the digital skilling agenda in Saudi Arabia. The partnership aims to empower Saudi Arabia’s...