Even with global challenges like rising costs and supply chain issues, Gulf markets are proving incredibly resilient. They're adapting well to changes, showing their strength in a tough environment.
Infinity, a company focused on AI infrastructure, has successfully closed a $15 million seed funding round, reaching a $100 million valuation. The company is developing innovative software to enable AI models to run across various chip types, aiming to reduce reliance on dominant closed platforms and offer greater flexibility to chip manufacturers.
ACT has officially received accreditation from Egypt's National Telecommunication Regulatory Authority (NTRA) to provide cybersecurity services. This exciting approval allows ACT to significantly expand its offerings, including advanced data protection solutions, penetration testing, and vulnerability assessments, for businesses and organizations across the country.
Cybersecurity experts are sounding the alarm for organizations to prepare for 'Q-Day,' expected between 2028 and 2030. This is when quantum computers could break traditional encryption. They're urging businesses to start planning now with proactive protection strategies, not waiting for the threat to fully emerge. A recent EiTESAL seminar highlighted how quantum computing and AI are completely changing how we need to think about digital security.
Khalifa Fund is shaking up how startups get funding in the UAE! They've launched 7 new programs designed to help businesses from their very start, through growth and expansion, and even to adopt AI. This big move aims to make the UAE economy even more competitive.
Apple is trying out a new AI tool called Live Notes in its stores. It's designed to help staff record and summarize repair sessions, making things faster. However, some employees are worried that the data collected might be used to keep tabs on their performance.