Newsletter: FutureVerse Coinbase joins UAE crypto rush The US crypto giant received a license from Abu Dhabi Global Market in August. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Middle East's EV bet faces reality check The latest warning sign comes from Lucid, the US luxury EV maker majority-owned by Saudi Arabia’s Public Investment Fund, which in early August reported a $1.26 billion second-quarter loss. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Red Sea tech risks resurface An estimated 17% of the world’s internet traffic and 90% of Europe-Asia communications traverse submarine cables in the Red Sea. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Nuclear tech tensions Plus, the Middle East’s expertise in pioneering cooling technology, OpenAI’s move into Israel and more. By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse Uber's Gulf delivery bet By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse The UAE's new AI advantage By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse The next phase of Middle East tech By Samuel Wendel In Washington, DC, reporting on regional business and tech
Newsletter: FutureVerse No ceasefire in cyberspace By Samuel Wendel In Washington, DC, reporting on regional business and tech
Analysis Middle East unlikely to slow down on AI, ChatGPT rollout Astra Tech, backed by Abu Dhabi AI company G42, said it created the first Arabic language ChatGPT last Wednesday. Also this week, the number of signatories of the open letter increased more than sixfold since last Monday’s 3,000, highlighting the growing concern about unregulated AI. By Salim A. Essaid
UAE, India to boost cooperation via digital currency The Emirati Central Bank has begun implementing its digital dirham strategy following a financial cooperation agreement with India and the UAE's cryptocurrency push. Legacy: Gulf
UAE center unveils Falcon LLM, 'better, faster' ChatGPT rival The model claims to use only 75 percent of GPT-3’s training compute time, and 40 and 80 percent of DeepMind’s Chinchilla NLP and Google’s PaLM-62B compute times, respectively. Legacy: Gulf
UAE, Egypt to develop major green hydrogen project in Mauritania The UAE is interested in Africa's green hydrogen potential, but the lack of development in the country could prove challenging. Legacy: Gulf
UAE unblocks several Qatar news sites as ties between two nations warm Several Qatari-owned news websites had been inaccessible to UAE residents since relations worsened in 2016 over Doha's support for the Muslim Brotherhood, but at least four are now unblocked. Legacy: Gulf
UAE sends second astronaut to space on longest Arab mission Sultan Saif AlNeyadi will collaborate with NASA and other international space agencies to conduct 19 scientific studies in a wide array of fields. Legacy: Gulf
Israeli tech rebound hinges on judicial reform The Israeli tech downturn is likely to deepen this year as start-up funding continues to decline. Recovery in the crucial sector depends on the government's judicial overhaul. David Rosenberg In Tel Aviv, reporting on business and tech
Mega funding rounds fuel Middle East's rising fintech giants Funding rounds over $100 million were once almost non-existent in the Middle East. But that’s changing now during the fintech boom with regional companies raising more capital than ever. Samuel Wendel In Washington, DC, reporting on regional business and tech
Syrian refugees in Lebanon turn to TikTok 'begging' for money TikTok has allowed thousands of refugees in Lebanon to beg for money from donors online by exposing their children and poor conditions to the outside world, a method that heightens the risk of exploitation and human-trafficking. Lebanon
Saudi Arabia plans for ‘world’s largest downtown’ in Riyadh The project's centerpiece, a 400-meter cube, will feature both traditional Arabic design elements and futuristic technology. Legacy: Gulf
How Israel’s HevenDrones latest hydrogen-powered drone can help UAE The lightweight aerial vehicle for defense or commercial use is the latest fruit of diplomatic normalization between the two countries, and will be featured at IDEX next week. Legacy: Gulf
Bahrain hotel to accept cryptocurrency payments Crypto continues to grow in Bahrain despite the global crash. Legacy: Gulf