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1 week ago | 
financialpost.com | Omar El Chmouri |Joumanna Bercetche
Advertisement 1Presight AI Holding Plc, a data analytics provider based in Abu Dhabi, is seeking global deals to drive its next phase of growth. Article content(Bloomberg) — Presight AI Holding Plc, a data analytics provider based in Abu Dhabi, is seeking global deals to drive its next phase of growth. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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1 week ago | 
bloomberg.com | Omar El Chmouri |Joumanna Bercetche
The Abbu Dhabi skyline. Photographer: Karim Sahib/AFP/Getty Images(Bloomberg) -- Presight AI Holding Plc, a data analytics provider based in Abu Dhabi, is seeking global deals to drive its next phase of growth. On Wednesday, the company reported first quarter sales of 563.9 million dirhams ($153.5 million), a 115% annual increase. Around 23% of those sales came from outside the United Arab Emirates.
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1 week ago | 
business-standard.com | Mark Bergen |Omar El Chmouri
But today, the UAE's dream of competitive, homegrown AI models remains far off. Falcon is significantly behind leading options from US companies in user numbers and public rankings. G42, meanwhile, recently pulled resources from Jais and is instead focused on building bespoke features on top of AI models from other companies, including OpenAI. "In the early days, we had no idea how far the foundation models can go and what it takes to get to the next level," Xiao told Bloomberg News in April.
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1 week ago | 
bloomberglinea.com | Mark Bergen |Omar El Chmouri
Bloomberg — A los pocos meses del lanzamiento de ChatGPT a finales de 2022, los laboratorios de investigación de los Emiratos Árabes Unidos afirmaron haber desarrollado rivales creíbles. A la cabeza de la lista figuraban Falcon, un popular sistema de inteligencia artificial de código abierto construido con apoyo gubernamental, y Jais, un modelo bautizado con el nombre del pico más alto del país.
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1 week ago | 
bloomberg.com | Mark Bergen |Omar El Chmouri
G42 CEO Peng Xiao, left, with OpenAI's Sam Altman. (Bloomberg) -- Within months of ChatGPT’s release in late 2022, research labs in the United Arab Emirates claimed to have developed credible rivals. At the top of the list was Falcon, a popular open-source artificial intelligence system built with government support, and Jais, a model named for the country’s highest mountain peak.
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1 week ago | 
bloomberg.com | Nate Lanxon |Omar El Chmouri
The news conference to unveil the Take It Down Act, in Washington, DC, in June 2024. (Bloomberg) -- The internet is awash in deepfakes — audio, pictures or video made using artificial intelligence tools in which people appear to do or say things they didn’t, be somewhere they weren’t, or that change their appearance. Some involve nudification, where photos are altered to depict someone unclothed.
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2 weeks ago | 
financialpost.com | Omar El Chmouri |Mark Bergen
Advertisement 1Khazna, a data center developer in the United Arab Emirates, is planning a major expansion in neighboring Saudi Arabia as the oil-rich nations compete to power the artificial intelligence boom. Article content(Bloomberg) — Khazna, a data center developer in the United Arab Emirates, is planning a major expansion in neighboring Saudi Arabia as the oil-rich nations compete to power the artificial intelligence boom.
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2 weeks ago | 
bloomberg.com | Omar El Chmouri |Mark Bergen
Khazna is the largest data center operator in the Middle East and North Africa. (Bloomberg) -- Khazna, a data center developer in the United Arab Emirates, is planning a major expansion in neighboring Saudi Arabia as the oil-rich nations compete to power the artificial intelligence boom. “We’re hoping to get at least 25% of market share there,” Hassan Alnaqbi, Khazna’s chief executive officer, said in an interview at the company’s Dubai headquarters.
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3 weeks ago | 
news.bloomberglaw.com | Mark Bergen |Omar El Chmouri
The United Arab Emirates is optimistic about securing access to cutting-edge chips currently under US export restrictions, after pledging $1.4 trillion to strengthen ties with Washington. The country is making “very good and tangible progress” toward securing advanced semiconductors from the US, according to Peng Xiao, chief executive officer of G42, the UAE’s leading artificial intelligence firm.
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3 weeks ago | 
financialpost.com | Mark Bergen |Omar El Chmouri
The Emiratis have been stepping up investments in US technology and energy sectors to gain access to chips critical to its aspirations of becoming an AI powerhouse. The UAE currently falls within the second tier of the AI diffusion rule, which restricts the number of processors that can be exported to most nations. Get the latest headlines, breaking news and columns. • There was an error, please provide a valid email address. A welcome email is on its way.
