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Households may soon welcome a new occupant. Robotics firm 1X Technologies has opened pre-orders for its humanoid home assistant model, NEO, signalling a push into consumer domestic robots. The Palo Alto and Norway-based company lists the unit at about US$20,000, with deliveries slated to begin in 2026. The robot is pitched to perform household chores such as folding laundry, organising shelves, fetching items and greeting guests. 1X […]

US-based data-centre specialist Crusoe Energy Systems LLC has secured approximately $1.38 billion in a Series E funding round, raising its valuation to more than $10 billion underlining the intensity of demand for artificial-intelligence infrastructure. The equity fundraising was co-led by Mubadala Capital and Valor Equity Partners, and attracted backing from major investors including Nvidia Corporation, Fidelity Management & Research Company and Founders Fund. Crusoe, founded in 2018, […]

The Chief Executive of Tesla, Inc., Elon Musk, stands to become the first individual ever to reach a personal net worth of US$1 trillion if he fulfils the company’s newly unveiled incentive package that ties his compensation to the firm achieving an $8.5 trillion valuation. Tesla’s latest proxy filing reveals that Musk could be awarded up to 423.7 million shares, or roughly 12% of the company, if the […]

Riyadh is advancing its push into artificial intelligence, sidestepping some of the previous fanfare around the massive urban-megaproject Neom, and signalling a new strategic pivot by its sovereign wealth arm Public Investment Fund. The fund is repositioning to attract global AI investment, deepen partnerships with major tech players and harness data-centre infrastructure at scale.

The kingdom’s leadership is steering resources away from grand construction ambitions to technology-driven growth. The newly formed Humain — a PIF-backed AI company — was launched in May with the mission of establishing Saudi Arabia as a global hub for AI. The firm plans to build advanced data centres, cloud services and one of the world’s most powerful Arabic large-language models.

Strategic deals have followed. U. S. chip-maker Nvidia has agreed to ship some 18,000 Blackwell chips to Saudi Arabia to support a 500-megawatt data-centre facility coordinated by Humain. PIF and international analysts say the move reflects a shift in focus: less emphasis on sprawling “giga-projects” of construction, more on the digital-infrastructure layer that underpins a future knowledge-economy.

Globally, transformative AI applications — from generative-AI language models to edge computing in industries — require vast compute power, energy and state coordination. PIF’s governor Yasir Al‑Rumayyan has said the kingdom is well-placed, given its energy resources and large-scale capital, to become a “hub outside the U. S.” for AI development. Analysts suggest the pivot acknowledges market realities: mega-cities like Neom have proved slower to materialise than envisaged, while digital-economy bets offer faster, more measurable returns.

The megacity Neom and its flagship component – The Line – have faced scepticism over timelines, cost-overruns and foreign investor pull-back. Executive reshuffles in Neom’s leadership and recalibrated investment priorities have signalled the shift. Meanwhile, PIF has begun trimming the proportion of its portfolio allocated to global investments — moving foreign-allocation toward 18 per cent from previous targets — to double-down on domestic strategic sectors like AI.

The investment case for Saudi Arabia is sizeable. Humain aims to tap into the Arab-language market of over 450 million people, while deploying data-centre capacity measured in gigawatts. Academic and industry voices say the kingdom has already built one of the strongest AI-ready physical infrastructures in the Middle East: multiple super-computers, data centres and training programmes are in motion. On the human-capital front, programmes to train 20,000 data/AI experts by 2030 are underway through partnerships with international firms such as Microsoft, Accenture and Huawei Technologies.

For global tech firms and investors, Saudi Arabia’s offer now centres around “sovereign AI infrastructure” rather than purely construction or real-estate play. The deal with Nvidia is seen as precedent-setting: Nvidia’s CEO told reporters that AI infrastructure is “essential infrastructure” akin to power and internet. Moreover, the shift aligns with the kingdom’s broader strategic framework Vision 2030 — which seeks to reduce oil-dependence and build a diversified economy.

Nevertheless, risks remain. Observers caution that the AI ambition is spectacular in scale yet faces operational and regulatory challenges — from data-governance to talent retention and ideological scrutiny. The push may also attract geopolitical scrutiny given the involvement of U. S. technology in Saudi infrastructure. The earlier mega-project model illustrates how bold vision can be slowed by delivery hurdles.

Semiconductor giant Broadcom Inc. on 14 October 2025 launched its first 800 gigabit-per-second AI Ethernet Network Interface Card named the “Thor Ultra”, a product the company says enables interconnection of hundreds of thousands of XPUs and supports trillion-parameter artificial-intelligence workloads. Broadcom describes Thor Ultra as the “industry’s first 800G AI Ethernet NIC” that adheres fully to the open standard of the Ultra Ethernet Consortium. The card supports […]

The Linux distribution Pop!_OS 24.04 Long-Term Support Beta from System76 introduces a ground-up rewrite of its desktop environment and enhanced hardware support, while still leaving some features unfinished and cautioning users about its beta status. Built on the foundation of Ubuntu 24.04 LTS, Pop!_OS 24.04 adopts the new Rust-based COSMIC desktop environment, moving away from the GNOME-derived shell used in previous releases. System76 describes the transition as a bid […]

Astra Nova has secured USD 48.3 million in a funding round aimed at accelerating its development of no-code, AI-driven tools for creators in the Web3 entertainment space. The capital will bolster expansion into new regions and deepen integrations among its ecosystem of mini-apps, games and community tools.

The bulk of the funding, approximately USD 41.6 million, came through a strategic investment round, building on prior backing from firms including Outlier Ventures and Middle East family offices. Astra Nova intends to deploy the funds toward global scaling, regulatory readiness and product enhancements.

Astra Nova’s core proposition rests on TokenPlay AI, a platform that enables creators to launch blockchain-enabled micro-apps without writing code. Powered by Alibaba Cloud infrastructure, it is designed to let developers spin up interactive communities and gamified utilities rapidly. In addition, Astra Nova operates NovaToon, Deviants: Fight Club, and BlackPass, all of which already draw user traction.

Crucially, major brands are integrating with Astra Nova ahead of its token launch. Shiba Inu, one of the most active crypto communities, is deploying mini-apps through TokenPlay AI, and the Simon’s Cat IP is also building live integrations. These are not mere announcements: the integrations are functional and active, driving transaction volume even before the token is fully in circulation.

Astra Nova’s native token, $RVV, is scheduled for issuance on 18 October. The token is intended as the foundational utility currency within the ecosystem, underpinning in-app upgrades, advertising, subscriptions, and community incentives. Transaction fees from ecosystem activity are programmed to trigger buybacks of $RVV, creating a feedback loop to support tokenomics.

Backing for the project includes strategic support from NEOM, NVIDIA’s Inception programme, and Alibaba Cloud. NVIDIA’s involvement is particularly significant: it provides access to GPU and AI computing capabilities that are critical to Astra Nova’s adaptive storytelling and intelligent NPC infrastructure. Alibaba Cloud offers global infrastructure scale, while NEOM’s partnership underscores sovereign interest in aligning the startup with Saudi Arabia’s broader AI and tech ambitions.

Astra Nova’s metrics already indicate early scale: the company claims more than 250,000 creators on its waitlist for TokenPlay AI, cumulative user reach across its live products exceeding 500,000, and 200,000 daily active users across the ecosystem. The ARPG built on Unreal Engine 5 has surpassed 100,000 playtest downloads, reinforcing early demand and user engagement.

Analysts see the model’s strength in its orchestration of multiple components—creator tooling, community building, content, and gaming—into a unified framework supported by AI and blockchain. The pre-launch traction with IPs such as Shiba Inu and Simon’s Cat gives the ecosystem a runway of activity even from day zero of token issuance.

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Abu Dhabi’s Stargate UAE project is advancing swiftly, with G42 and its affiliate Khazna Data Centers confirming that construction has moved past preliminary stages and that the design-to-build effort is now in full execution. The first 200 MW of capacity is slated to go live in 2026, forming part of a 1 GW AI cluster within the broader 5 GW UAE–U. S. AI Campus. Civil, structural and […]

GITEX Global 2025 in Dubai has become a battleground for dominance in nation-scale artificial intelligence, as governments and tech giants compete to control the infrastructure that will underpin the next wave of the digital economy. The event has already featured multiple high-stakes unveilings of sovereign AI platforms, hyperscale data centres, and public-service automation systems illustrating how computing power is being weaponised as strategic capital. The opening day […]

Nvidia Corporation has officially reached a market valuation exceeding $4.75 trillion, marking a significant milestone for the company and the broader technology sector. The chipmaker, renowned for its innovations in graphics processing units and AI technologies, has seen a rapid surge in stock value, bolstered by growing demand in areas such as gaming, data centres, and artificial intelligence.

The company’s market cap, now placing it among the most valuable companies globally, reflects its strategic positioning at the centre of critical technological trends. Nvidia’s GPU technology has become indispensable in fields ranging from gaming to machine learning and data analytics. Its leadership in AI applications, particularly in areas like autonomous driving and generative AI, has been a key driver behind its expanding market reach.

The surge in Nvidia’s market cap follows impressive quarterly earnings, which showed a substantial increase in revenue, particularly driven by its data centre segment. Analysts attribute the company’s growth to its cutting-edge products, including the A100 and H100 GPUs, which have cemented Nvidia’s reputation as the leading provider of AI computing hardware. These advancements are now crucial to many sectors, including cloud computing, gaming, and large-scale enterprise solutions.

Nvidia’s ability to capitalise on the increasing integration of AI into business processes and consumer products has been pivotal to its success. The company’s GPUs power most of the leading AI platforms, including those used in cloud data centres, where the demand for advanced computational power continues to soar. Moreover, Nvidia’s partnerships with tech giants and startups alike have positioned it as an essential player in the development of AI tools and infrastructure.

In addition to its AI-driven growth, Nvidia has capitalised on the gaming industry, where its GPUs remain a cornerstone for high-performance graphics. The booming popularity of esports and virtual reality, as well as the continual advancement of gaming hardware, has kept Nvidia in a dominant position within this sector. Its GPUs power not only personal gaming rigs but also high-end consoles and cloud-based gaming services, further amplifying its market presence.

The company’s stock performance has consistently outpaced the broader technology sector, with a remarkable acceleration in share prices following its strategic shift towards AI and machine learning. Investors have been particularly bullish on Nvidia, with many analysts forecasting continued growth driven by the company’s investments in next-generation technologies and its expanding footprint in emerging markets like AI-driven healthcare, robotics, and digital content creation.

Nvidia’s market success has also been underpinned by its robust financial health. The company’s ability to generate strong cash flows has allowed it to reinvest in cutting-edge R&D, securing its competitive edge. Nvidia has consistently delivered on innovation, with the launch of new products and the expansion of its software ecosystem, which includes AI development tools, simulation platforms, and enterprise solutions.

The market has recognised Nvidia’s potential beyond traditional GPU applications. Its recent moves into high-performance computing and the automotive sector, particularly with self-driving car technologies, have diversified its portfolio and unlocked new revenue streams. As Nvidia continues to push the boundaries of what its technology can achieve, its influence on the global tech landscape is only expected to grow.

The U. S. Department of Commerce has granted export licences for several billion dollars’ worth of Nvidia chips destined for the United Arab Emirates under a bilateral AI agreement struck in May, paving the way for a high-stakes test of America’s artificial intelligence diplomacy. The licences were issued through the Commerce Department’s Bureau of Industry and Security, marking the first concrete implementation of the Trump-era pact with […]

Abu Dhabi’s Department of Health will present a portfolio of artificial intelligence–based healthcare solutions at the upcoming GITEX Global 2025 event in Dubai. The showcase is intended to reinforce the emirate’s ambitions to lead in digital health transformation and embed AI into clinical and public health systems.

DoH plans to display tools ranging from predictive diagnostics to personalised wellness platforms, emphasising preventive care and data-driven interventions. H. E. Dr Noura Khamis Al Ghaithi, Undersecretary of DoH, stated that leveraging AI is central to “reshaping how care is delivered” and enabling people to “live healthier, longer lives.”

The Abu Dhabi delegation will also highlight the emirate’s efforts to integrate AI across healthcare infrastructure, including hospital systems and community services. As part of the pitch, DoH intends to advance models that predict health risks, flag early disease onset, and streamline patient journeys from diagnosis to treatment.

The timing of this unveiling aligns with Abu Dhabi’s broader push into AI research and high-tech partnerships. In September 2025, Nvidia and Abu Dhabi’s Technology Innovation Institute launched a joint lab focusing on robotics and advanced AI models, including deployment of Nvidia’s “Thor” chip for robotic applications. That initiative is part of the UAE’s wider effort to become a global AI player.

At GITEX Global—a technology exhibition scheduled from 13 to 17 October at the Dubai World Trade Centre—the DigiHealth & Biotech track is expected to draw startups, tech firms and health ministries showcasing innovations across genomics, diagnostics, telemedicine and biotech. The exhibition emphasises frontier domains: physical AI, quantum computing, semiconductors and data-centre infrastructure.

Abu Dhabi is also seeking to signal that its AI investments are more than pilot projects. Through collaborations with private technology firms, academic institutions and regional health authorities, DoH aims to build a scalable, interoperable health data ecosystem. Under its strategy, AI modules would be deployed not just in tertiary hospitals, but in primary care, clinics, remote monitoring and wellness programmes.

Critics point to challenges ahead, including data privacy, algorithmic bias, regulatory oversight and integration with legacy systems. Effective AI deployment in health requires robust patient consent frameworks, transparent models and continuous validation across diverse populations. Observers note that many AI health systems falter when scaled beyond controlled environments.

Nvidia CEO Jensen Huang dismissed assertions that the artificial intelligence boom is mirroring the dot-com bubble, saying the current momentum rests on strong fundamentals rather than speculation. He defended Nvidia’s recent investments in AI startups and pitched infrastructure build-out as the engine sustaining growth. During a wide-ranging interview on CNBC, Huang stated that what differentiates today’s environment from the dot-com era is the depth of demand: global […]

ASUS has confirmed that it will spotlight a broad suite of AI-enabled products and infrastructure at GITEX Global 2025, framing its participation around the theme “Ubiquitous AI. Incredible Possibilities.” The corporation aims to demonstrate how artificial intelligence can permeate devices, enterprise systems and urban environments.

The company’s exhibit will cover four core domains: AI-first design, cloud integration, sustainability and education technology. On the hardware front, ASUS plans to showcase the B5405 ergonomic laptop, the P5405 with a 47 TOPS NPU, and the B9403 weighing under 1 kg with all-day battery life. Chromebook models such as the CX5403 Plus and Windows devices like the BR1204 will cater to education users.

In its infrastructure tier, ASUS will highlight its AI POD, HGX servers and the Ascent GX10 platform powered by the NVIDIA GB10 Grace Blackwell superchip. Workspace innovation will include compact offerings such as the NUC 15 Pro and NUC 14 Pro AI. On the edge side, embedded systems for smart cities and autonomous systems—such as the PE2200U, PE6000G, and PE2100N—are also in the lineup.

ASUS emphasises the role of partnership in its vision. It plans to accentuate cooperation with NVIDIA via its “Enterprise AI Factory” programme, which supports AI-ready racks and POD designs tuned for large language models and immersive workloads. The company will also underline measures in security, durability and ease of maintenance across its product line.

Tolga Özdil, Regional SYS Commercial Director for META at ASUS, remarked that the Middle East is positioned at a digital inflection point, with AI shaping institutional and economic evolution. He framed GITEX as a platform to bring the company’s latest innovations into conversation with regional stakeholders. ASUS’s Regional Director for Middle East & Africa, Senic Chiu, added that the event offers opportunity to show how intelligent tools can reshape industries and daily life.

ASUS’s timing comes against the backdrop of an intensifying global push for AI infrastructure. GITEX 2025 is expected to draw more than 6,800 tech firms and 2,000 startups from 180 countries. Key event themes include advancements in quantum, biotech, data centres and robotics.

Beyond individual exhibitors, the show underscores the rapid expansion of the global AI economy. According to organisers, investment in data centres alone is forecast to surpass US$500 billion in 2025. Meanwhile, GITEX’s startup track, Expand North Star, will run in parallel and feature over 1,200 investors managing US$1.1 trillion in assets.

ASUS’s introduction of its AI roadmap at this scale signals that device manufacturers are no longer content to remain at the periphery of the AI stack. As more process layers—from silicon to application—are exposed to AI optimisation, hardware firms are positioning themselves to own more of the value chain. However, challenges remain: power efficiency, thermal constraints, ethical AI integration and data security are frontlines ASUS must navigate.

AMD signed a long-term agreement with OpenAI to supply six gigawatts of AI chips over multiple years, with the first delivery of its Instinct MI450 GPUs slated for the second half of 2026. In tandem, OpenAI will have the right to acquire up to 160 million AMD shares—roughly 10 percent of the company—subject to performance and stock-price milestones. Under the pact, AMD will act as a core […]

Amazon has slashed prices on a wide range of Nvidia GeForce RTX graphics cards as its Prime Big Deal Days shopping event goes live from 7 to 8 October. Among the standout bargains are flagship and mid-tier models hitting their lowest-ever prices, while concerns about shipping scams have also drawn scrutiny. The most aggressive discount applies to the Asus TUF GeForce RTX 5070 Ti, currently offered at […]

Omnix International will unveil its HOT Systems suite—built in collaboration with PNY—at GITEX Global Dubai from 13 to 17 October, spotlighting AI workstations, liquid-cooled laptops and a new system-monitoring tool dubbed HOT Guard.

Visitors to the Hall 5, Booth 30 installation will see across-industry demonstrations—architecture, engineering, media, research—illustrating how tailored hardware accelerates digital transformation, reduces thermal throttling, and boosts reliability under sustained loads. HOT Guard introduces a continuous monitoring layer that oversees thermal behaviour, utilisation and system health, integrated with Omnix’s Hardware Optimization Technology stack.

The partnership with PNY ensures integration of high-performance memory and NVIDIA RTX graphics. PNY’s regional manager for MEA, Talus A Arukalil, emphasised that this collaboration positions the company to deliver “technology that doesn’t just keep pace with the future but defines it in the region.” On the HOT Systems side, Joseph John, Regional Sales Manager, asserted that the hardware is engineered “for today’s demands and tomorrow’s innovation,” targeting sectors where sustained compute power and system stability matter most.

According to Omnix’s own announcements, the new laptop models under the HOT Systems brand will be equipped with cutting-edge silicon—Intel Core Ultra 9 200HX or AMD Ryzen 9000 HX—matched with NVIDIA RTX 5080/5090 GPUs, DDR5 memory up to 128 GB, PCIe Gen 5 SSDs, Wi-Fi 7 and optional liquid cooling. These designs aim to balance high thermal headroom with energy efficiency and sustained performance even under intense workloads such as CAD, simulation and AI/ML inference.

Liquid cooling in a laptop format is still relatively rare. During previews, the company has framed this design choice as essential for holding consistent clock speeds over long renders or training sessions, reducing throttling under heat stress. As TBreak put it, the “pitch is stable clocks over flash specs,” targeting firms that can’t afford dips in performance mid-job.

With the industry steadily shifting from experimental AI use cases to full deployment, enterprises are increasingly looking for turnkey, dependable solutions—not just proof-of-concepts. In this environment, Omnix seeks to differentiate itself by offering not just hardware, but optimised stacks, monitoring, service support and aligned component integration.

GITEX Global 2025 is expected to host over 6,800 exhibitors from around 180 countries, showing advances across semiconductors, data centres, quantum computing, biotech and AI infrastructure. With global AI infrastructure investments accelerating sharply, regional companies and integrators are keen to showcase solutions tailored to local conditions—particularly in arid climates and metropolises with high operating temperatures.

Cisco will unveil its latest innovations at GITEX GLOBAL 2025 in Dubai, aiming to equip enterprises across the Middle East and broader region with infrastructure built specifically for the AI era. The showcase focuses on AI-ready data centres, resilient network architectures, and strengthened security frameworks designed to support advanced workloads in data-intensive environments.

By joining the AI Infrastructure Partnership alongside BlackRock, Microsoft, NVIDIA, xAI and others, Cisco has committed to accelerating capital flows into datacentre and infrastructure projects. The partnership expects to unlock $30 billion in initial funding, scaling up to $100 billion including debt financing. Cisco brings its network, security and systems expertise to support the platform’s mission of secure, at-scale AI infrastructure.

At the heart of Cisco’s push is its new Cisco Data Fabric, launched in integration with Splunk, which provides federated data access across systems such as Amazon S3, Iceberg, Delta Lake and Snowflake, routing workloads intelligently to the best analytics or storage engine. This architecture is intended to reduce data movement, shorten analysis latency, and enable enterprises to transform machine data into AI-ready intelligence.

To support retrieval-augmented generation and agentic AI deployments, Cisco introduced the Secure AI Factory solution with NVIDIA and VAST Data. This validated architecture accelerates data extraction and retrieval at scale while enforcing security guardrails for every token processed. AI PODs built under this architecture offer pre-validated, high-performance building blocks for enterprise AI.

Networking and security are being redefined for the AI workload environment. At Cisco Live 2025, the company launched a next-generation network architecture for campus, branch and industrial environments, delivering unified management and devices purpose-built to support AI traffic patterns. It also introduced Hybrid Mesh Firewall and Universal Zero Trust Network Access to embed security into network fabric across hybrid and distributed environments. These features aim to simplify policy enforcement, improve visibility, and reduce complexity in securing both human users and AI agents.

Cisco CEO Chuck Robbins disclosed that fiscal year 2025 saw record AI infrastructure orders. In its final quarter, the company secured over $800 million from webscale clients, bringing total AI-focused orders to more than $2 billion—more than double its initial target. He described the pipeline as steadily growing into “hundreds of millions” as enterprises demand scalable, secure solutions.

In the Middle East, Cisco plans to demonstrate the regional relevance of its technologies under the theme “Make AI Work for You.” According to Cisco’s new AI Readiness Index, a vast majority of organisations in the UAE expect to expand their data centre capacity for AI within five years. The company will also present its work with Splunk on security and observability platforms at the event.

Cisco’s collaboration with Saudi Arabia’s HUMAIN is intended to build out an open, scalable AI infrastructure ecosystem aligned with Vision 2030. The multi-year programme includes deployment of cloud-based AI infrastructure, joint research initiatives, and efforts to grow local talent and innovation. The partnership underscores Saudi ambitions to position itself as a global AI hub.

Cisco sees accelerating demand for network modernisation. Its internal research reports that 97 percent of IT leaders view modernised networks as critical to deploying AI, cloud and IoT workloads, and 98 percent rate secure networking as essential for growth. However, the same study notes that only 40 percent of organisations have begun deploying advanced segmentation or intelligent control, illustrating an execution gap.

To strengthen its AI strategy, Cisco also expanded its presence in Indonesia by signing a Letter of Intent with BRIN to develop AI and cybersecurity capabilities via its Country Digital Acceleration programme. The plan includes building an AI Centre of Excellence and delivering training in AI, security and networking to 500,000 Indonesians by 2030.

Splunk’s observability portfolio itself is being reworked to embrace agentic AI, deploying AI agents to automate tasks such as root cause detection, alert correlation and issue resolution. This is intended to lighten the operational burden on IT and engineering teams while driving real-time insight.

Google has chosen Saudi startup Lahint for inclusion in its Growth Academy: AI for GovTech 2025 cohort, positioning the company among 24 global government-technology innovators supported by Google. The move aims to strengthen Lahint’s capacity to deliver AI-enabled public services and further Saudi Arabia’s push for digital transformation under Vision 2030.

Lahint, established in 2023 by Ahmed Saber and Mohamed Ibrahim, secured a $1 million pre-seed investment earlier this year to scale its AI and automation offerings in government services. The platform currently manages more than 60 digital government services and serves over 200 businesses, integrating robotic process automation and AI to streamline licensing, permits and administrative workflows.

By integrating Lahint into its accelerator, Google pledges technical support, mentorship and access to cloud infrastructure—tools that could accelerate Lahint’s roadmap to full automation of priority public services. Lahint has already earned multiple ISO certifications and is accredited by the Saudi Data & AI Authority with a Waee badge for AI ethics compliance.

Lahint has advanced its internal timeline for key automation milestones. The company is now targeting completion of its GovTech automation program by early 2026, a shift from an earlier 2027 target. This acceleration comes alongside newly signed partnerships with government entities to deploy real-time status reporting and predictive compliance tools covering domain areas such as licensing, taxation and corporate registration.

Saudi Arabia’s broader AI landscape is scaling rapidly. In 2025, the kingdom announced over $14.9 billion in investments at LEAP and pursued MoUs under SDAIA to reinforce its data and AI infrastructure. The establishment of HUMAIN, a state-backed AI company under the Public Investment Fund, is central to that strategy. HUMAIN, launched in May 2025, has already inked collaboration agreements with Nvidia, AMD and Qualcomm to develop AI factories and Arabic large language models.

Google’s AI programme in Saudi Arabia is part of a wider arrangement. A $10 billion joint investment by Google Cloud and the Public Investment Fund backs a national AI hub to reinforce the local ecosystem and serve regional demand.

OpenAI has surged past its prior valuation to reach an estimated $500 billion after current and former employees sold approximately $6.6 billion worth of shares to a consortium of investors. The deal, structured as a secondary share transaction, elevates OpenAI to the top of private tech valuations globally. Buyers in the transaction include Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX and T. Rowe Price. Although […]

U. S. equity markets eked out modest gains on Monday as investors absorbed mixed signals from policymakers and braced for a potentially disruptive funding impasse. The S&P 500 rose about 0.3 percent, while the Nasdaq added 0.5 percent.

Tech and semiconductor names powered much of the upside, with Nvidia climbing nearly 2 percent and Micron advancing over 4 percent. Meanwhile, energy lagged, weighing on the Dow Jones. Treasuries rallied: the 10-year yield fell to around 4.14 percent.

Markets have long eyed the congressional standoff over government funding, now escalating toward a possible shutdown as the funding deadline tightens. If Congress fails to agree on a stopgap measure by the start of October, crucial economic reports — including this week’s non-farm payrolls — may be delayed.

Within the Senate, tension has grown around healthcare and Medicaid funding demands, a key sticking point in negotiations. Democratic leaders have warned against accepting a funding plan that omits those measures, even as pressure mounts to avoid a closure.

Analysts warn that the shutdown risk magnifies uncertainty over Federal Reserve policy. Without fresh labour and inflation data, the central bank may have to lean more heavily on its own forecasts, complicating rate-cut expectations. Some strategists suggest the Fed could still manage two cuts in 2025, contingent on how deeply economic data is disrupted.

Historical precedent somewhat tempers alarm. In past shutdowns of limited duration, equities have tended to rebound quickly. On average, the S&P 500 returns roughly 0.1 percent during shutdowns, and over the following year the index has gained about 12.2 percent. Still, the threat this time includes a new wrinkle: proposals for mass federal layoffs rather than traditional furloughs, which could intensify economic and psychological fallout.

Sector watchers anticipate uneven effects. Government contractors and firms reliant on federal payments could see downside pressure. In contrast, defensive and AI-linked names may continue attracting flows.

Gold cracked past $3,800 per ounce as investors rotated into safe havens, and the dollar weakened amid risk aversion. Meanwhile, earnings announcements and deal activity remain under close scrutiny: Electronic Arts jumped nearly 4.5 percent after announcing a $55 billion going-private deal.

Markets have thus far held up despite the political drama. The headline indexes are still straddling their 50-day moving averages — Nasdaq has run more than 100 sessions without dipping below. But as the week progresses, volatility could spike if lawmakers stall or key data go missing.

Sheikh Mohammed bin Zayed Al Nahyan received Sam Altman, chief executive of OpenAI, in Abu Dhabi on Saturday, where they engaged in talks designed to deepen AI collaboration between UAE institutions and OpenAI. The meeting concentrated on intensifying research cooperation, advancing practical AI applications, and aligning strategies to bolster the UAE’s integrated AI ecosystem. The UAE’s state media noted the partnership “aligns with the UAE’s ambition to […]

India has engaged with Washington over the U. S. decision to impose a one-time $100,000 fee on new H-1B visa applications, warning that the move threatens the mobility of skilled professionals and could strain bilateral trade ties.

The External Affairs Ministry affirmed it would continue talks with relevant stakeholders in the United States, emphasising that talent exchange has underpinned innovation and growth in both economies. The government noted that the new rule may disproportionately affect Indian nationals, since they constitute a significant share of the H-1B pool.

The White House announced that the fee will apply only to fresh petitions filed from September 21, 2025 onwards, not to renewals or existing visa holders. The administration framed this shift as part of efforts to prevent misuse of the visa system and prioritise higher-wage, high-skilled cases.

India’s reaction underscores deep concerns within its technology sector—many firms rely on U. S. operations staffed via H-1B sponsorship. Analysts estimate that the fee hike could reduce IT margins by 4–13 percent depending on visa intensity, while Indian IT stocks saw steep declines following the announcement.

At the same time, India is navigating friction on trade. U. S. tariffs levied on Indian goods—particularly a 50 percent cumulative duty tied to India’s oil imports from Russia—are already under scrutiny in bilateral talks. Officials assert that the visa and trade issues will be addressed as interconnected elements of the broader U. S.–India partnership.

During meetings on the sidelines of the U. N. General Assembly, India’s Foreign Minister and Commerce Minister held discussions with their U. S. counterparts, reinforcing that continued engagement is essential to manage tensions. The Indian side has also said that relevant domestic departments are evaluating options concerning the impact of the tariffs.

Despite the pushback, some U. S. industry figures support the new fee. Leaders at firms such as Nvidia, OpenAI and Netflix have welcomed the shift as a mechanism to prioritise high-value talent. Others, including JPMorgan’s CEO, have warned it risks driving skilled workers to competing nations. U. S. medical associations are lobbying for exemptions, arguing that the steep cost could impede physician recruitment, particularly in underserved areas.

India’s Finance Ministry has called for heightened monitoring of the economic fallout, citing possible impacts on remittance inflows and service exports. The ministry has described the short term as manageable but warned of long-term risks if the regime remains in place.

Within India’s tech industry, there has been a strategic pivot. Companies have invested over $1 billion in onshore training and hiring in the U. S., reducing dependence on H-1B deployment. Industry bodies argue that this shift could help absorb the shock should visa access tighten further.

Still, experts caution that such mitigation has limits. Smaller firms and startups that depend on cross-border talent mobility may feel the squeeze most acutely. Some analysts suggest that alternative destinations, including Canada, South Korea and the UK, may be more appealing to Indian professionals seeking global opportunities.

A critical security flaw in NVIDIA’s Merlin Transformers4Rec framework allows threat actors to execute code remotely with root-level access, raising alarm across the AI ecosystem. The vulnerability, tracked as CVE-2025-23298, stems from unsafe deserialization in the model checkpoint loading routine. Attackers exploiting this flaw can submit crafted model files that, when deserialized via Python’s built-in mechanisms, trigger arbitrary command execution within the process’s context. Given that AI […]

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