Abu Dhabi-backed technology investor MGX has reportedly raised nearly $50 billion from regional and global…
Author: Art Ryan
Alphabet, the parent company of Google, is reportedly looking to raise $80 billion to fund a massive expansion of its artificial intelligence infrastructure. This signals just how expensive the AI race has become for Big Tech. The money will likely be used to fund Google’s increasing needs for data centers, cloud-computing capacity, next-generation AI chips and energy sources. These are needed to run and train more powerful AI models. Reports say Alphabet has already agreed to sell $10 billion in stock to Berkshire Hathaway. The remainder will be raised through additional equity financing. Alphabet’s AI Spending Is Accelerating Alphabet has…
Nvidia Launches RTX Spark AI Laptops for the Age of AI Agents Nvidia is plunging further into the future of personal computing with a new class of AI-powered laptops and desktops. These are centered around its RTX Spark chip. Nvidia’s RTX Spark platform, which was launched at Computex 2026, is designed to bring the latest AI capabilities to personal computers. Rather than relying solely on cloud servers, the new devices are built to run AI agents locally. As a result, users can execute complex tasks faster, more privately, and with reduced reliance on internet-based AI services. The move is a…
Emirati artificial intelligence experts are preparing to take on a larger national role. The UAE is accelerating its efforts to execute its UAE AI Strategy 2031. AI experts, policymakers, industry leaders and NEP alumni met in Abu Dhabi and Dubai during the National Experts Program Artificial Intelligence track or NEP-AI roadshows. They gathered to discuss the future of artificial intelligence in the country. Moreover, the sessions looked at how the UAE can build stronger national AI capabilities in governance, infrastructure, product development and responsible deployment. The events were hosted at Mohamed bin Zayed University of Artificial Intelligence in Abu Dhabi.…
Nevada-based AI infrastructure company Positron has opened its first office outside the United States at the Dubai International Financial Centre. This marks a major step in its expansion across the Middle East and North Africa. The move positions Positron closer to governments, financial institutions, and enterprise customers in a region rapidly investing in sovereign AI infrastructure and advanced AI deployment. According to the company, the DIFC office is only the beginning of a broader regional expansion. More Middle East offices are expected to follow. Positron is best known for building specialized AI inference hardware designed to reduce the cost and…
Dubai’s Roads and Transport Authority (RTA) announced AED 5.3 billion in digital revenue for 2025, a major milestone in the emirate’s shift to AI-powered, digitally connected mobility services. This is a 20.6% increase over 2024 and shows the rapid digitisation of Dubai’s public transport and mobility services. RTA processed over 628 million transactions through its six digital channels in 2025, with digital service adoption reaching 96%. Customer satisfaction also remained high with RTA reporting 98 percent customer happiness score. The results suggest that residents and visitors to Dubai are increasingly turning to digital platforms as their main way of accessing…
South Korea’s AI Chip Boom Gains Momentum Amid Growing Global Demand South Korea is quickly emerging as one of the key players in the global AI economy, driven by surging demand for next-generation semiconductors used in artificial-intelligence systems. The country’s latest export figures are a testament to how much AI is changing global trade these days. South Korea’s exports rose 53.2% year over year in May 2026, with semiconductor shipments jumping 169.4%. The surge reflects the growing demand for high-performance chips, memory products and data-center hardware as companies race to build ever more powerful AI models. While much of the…
Anthropic, the artificial intelligence company behind the Claude chatbot, has confidentially filed for an initial public offering in the United States, marking a major step toward one of the most closely watched AI market debuts. The confidential filing allows Anthropic to begin the regulatory review process with the U.S. Securities and Exchange Commission before publicly revealing detailed financial information, share pricing, or the number of shares it plans to offer. Anthropic Moves Closer to Public Markets The Anthropic IPO filing comes during a period of intense investor interest in artificial intelligence companies. Demand for its Claude AI models and enterprise-focused…
AirTrunk is preparing a major investment in India’s fast-growing data centre market, marking another sign that the global artificial intelligence boom is reshaping digital infrastructure across Asia. According to Reuters, the Blackstone-backed data centre operator plans to invest $2.1 billion in an India data centre project. The move comes as cloud providers, AI companies and enterprise technology platforms need more high-performance computing capacity to handle artificial intelligence workloads. The investment spotlights India’s growing significance in the global AI infrastructure race. As businesses embrace generative AI, machine learning tools, cloud platforms and data-heavy applications, the need for large-scale, reliable and energy-efficient…
OpenAI has announced one of the largest funding rounds in tech history, raising $122 billion in committed capital at a reported $852 billion post-money valuation. The news that OpenAI raises $122 billion highlights the scale of investment fueling artificial intelligence innovation. The company says the new funding will help accelerate the next phase of artificial intelligence by expanding compute capacity, strengthening its product ecosystem, and scaling AI tools for consumers, developers, and enterprises. The announcement points to OpenAI’s positioning as the foundational infrastructure company for the AI economy, noting that the company is building a larger platform around ChatGPT, APIs,…
Traveloka has signed a Memorandum of Understanding with Resorts World Sentosa as part of the new Traveloka Resorts World Sentosa partnership, as demand for experience-led travel to Singapore grows. This demand is especially strong among Indonesian travellers. The collaboration brings together Traveloka’s regional travel platform and Resorts World Sentosa’s integrated resort offering. This includes attractions, hotels, dining, entertainment and lifestyle experiences. The move is designed to make it easier for travellers to discover, plan and book Singapore holidays. It does this through a more seamless digital experience. For Traveloka, the partnership reflects a broader shift in how travel companies are…
Embodied AI is becoming one of the biggest highlights in the global artificial intelligence race, and the World Intelligence Expo 2026 in Tianjin, China, offered a clear look at where the technology is heading next. The four-day event brought together more than 700 exhibitors showcasing the latest advances in artificial intelligence, robotics, automation, and intelligent application scenarios. With a total exhibition area of 130,000 square meters, the expo placed a strong spotlight on embodied AI — a fast-growing field focused on giving machines the ability to sense, interact with, and operate in the physical world. Humanoid Robots Draw Major Attention…
Google’s latest AI assistant, Gemini Spark, is offering a glimpse of how always-on AI agents could become part of everyday digital life. Gemini Spark is more of a task-based assistant, unlike a typical chatbot that only responds when prompted. It can run in the cloud, monitor information, summarize content, organize tasks, and help users complete practical online activities without requiring them to keep a device open or manually manage every step. The result is a more agentic version of Gemini—one that moves beyond answering questions and starts helping with real-world productivity. What Is Google Gemini Spark? Gemini Spark is Google’s…
Meta is reportedly working on a new AI-powered pendant in another major move by the company into wearable artificial intelligence. According to a report cited by TechCrunch, Meta plans to begin testing the device within the next year. The wearable is expected to build on technology from Limitless, an AI device startup Meta acquired in late 2025. Limitless had developed an AI pendant that could be clipped to clothing or worn as a necklace to record and organize conversations. Meta’s reported move suggests the company is looking beyond smart glasses as it explores new ways to bring AI assistants into…
The global AI industry is under pressure on multiple fronts simultaneously, with publishers filing copyright lawsuits, legal challenges on state AI laws in the US, and tougher transparency rules in Europe, signaling that AI regulation in 2026 is no longer moving in a single clear direction. Recent events involving CNN, Perplexity AI, OpenAI, xAI and the EU AI Act show how complicated the AI compliance landscape has become. AI companies will not be able to get by with a one-size-fits-all approach. Licensing content, fighting state laws and issuing safety frameworks all deal with different legal risks. CNN has filed a…
Artificial intelligence is no longer a future consideration for military strategy. It’s already being used to accelerate surveillance, intelligence analysis, targeting workflows, and battlefield decision-making. A new report from The Verge highlights how the growing conflict between Anthropic and the U.S. Department of Defense has brought one of the most urgent AI policy questions into public view. That question is: where should the line be drawn when AI systems are used in war? At the center of the debate are two major concerns: domestic mass surveillance and weapons that can identify, track, and kill targets without meaningful human involvement. Anthropic…
SoftBank is making one of its biggest artificial intelligence infrastructure moves yet, pledging up to €75 billion to build what could become Europe’s largest AI facility in France. The project is expected to center on a vast network of AI computing clusters in the Hauts-de-France region, with an initial €45 billion investment planned to deliver 3.1 gigawatts of capacity by 2031. A later expansion could bring the total to around 5 gigawatts, positioning France as a major hub in the global race to build the computing backbone needed for advanced AI systems. The move marks a major step in SoftBank…
GITEX AI Europe 2026 will bring together some of the world’s most influential technology leaders, startups, investors, policymakers and enterprise innovators in Berlin as Europe speeds up its drive towards a stronger digital economy. Artificial intelligence, cybersecurity, deep tech, digital infrastructure and startup investment will meet in major numbers at Messe Berlin in the German capital between June 30 and July 1, 2026. GITEX AI Europe 2026, under the theme of Building a bolder, more connected digital Europe, will examine how the region can solidify its position in the global technology race while promoting innovation in AI, cloud, cybersecurity, quantum…
The UK and France today announced a new collaboration on artificial intelligence to accelerate medical research, improve women’s health and support major biomedical breakthroughs. The initiative, known as the UK-France Strategic Biomedical Alliance in Health and AI, combines leading research institutions and advanced imaging facilities in the two countries. The collaboration includes the University of Oxford, Université Paris Cité, Institut Pasteur, Diamond Light Source and Synchrotron Soleil. Leaders announced the partnership at the G7 Digital and Technology Ministerial Summit in Paris. During the event, they discussed AI adoption, digital resilience, online safety, and technology’s role in driving economic growth. AI…
UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi visited the Eurasian Economic Forum 2026 in Astana, Kazakhstan. Regional leaders, policy makers and business figures gathered there to discuss the future of trade, digital transformation, artificial intelligence and cross-border economic cooperation. Held on May 28-29, 2026, the 5th Eurasian Economic Forum addressed the role of artificial intelligence in the next stage of economic integration. The theme of this year’s forum, “The EAEU in the Global Digital Race: Betting on Artificial Intelligence,” stressed the growing importance of AI in trade, logistics, manufacturing, tourism, regulation and investment. UAE Boosts Economic…
NVIDIA is pushing for AI factories as the next wave of computing infrastructure, which it defines as systems that provide intelligence at scale on a continuous basis. In the industrial age, power plants converted energy into electricity. In the AI age, NVIDIA argues that AI factories convert energy into tokens, the basic unit used by reasoning models, AI agents, and intelligent applications. This is a fundamental shift in the construction, deployment and measurement of artificial intelligence. AI is no longer just software running in the cloud. It is becoming a form of essential infrastructure that requires massive compute, advanced networking,…
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