AI News

Follow the latest AI and automation news

21 Jul 20267 Safar 1448 AH

US biotech firm developing therapies for infant brain injuries plans Hong Kong listing

Axiom Biosciences, a US-based biotech firm, plans to seek a primary listing in Hong Kong to raise $200 million through an IPO in 2027. The company focuses on developing experimental therapies for newborns with severe brain injuries using AI technology. This move comes as the market sees a surge in AI-powered medical companies looking to raise capital in Hong Kong. This listing marks a strategic step for Axiom as it also plans a secondary listing in the US in 2029. It reflects a growing interest in AI investments within the medical sector.

Infrastructure

21 Jul 20267 Safar 1448 AH

Advancing next-gen AI with materials science innovation

The conversation around AI often focuses on algorithms and computing power, yet another layer of innovation underpins these advances: advanced materials. Each new generation of AI technology demands more processing power, energy efficiency, and reliability, increasing the physical demands on the systems that support AI. These gains depend on innovations in chip design and system architecture, as well as the materials that enable performance under extreme conditions.

Business

21 Jul 20267 Safar 1448 AH

Bristol Myers Squibb buys Nvidia AI system for drug discovery

Bristol Myers Squibb has announced its acquisition of an Nvidia DGX SuperPOD built on the Vera Rubin architecture, becoming the first life sciences group to do so. The new cluster will consist of eight DGX Vera Rubin NVL72 systems, integrating Nvidia's CPU and GPU technologies. This infrastructure will be utilized to train proprietary models and run predictions across various research programs.

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China Considers Stricter Export Controls on AI and Semiconductor Technologies

How will China's restrictions affect the global AI market?

Infrastructure

XPower Technology Defies Big-Chip Orthodoxy: Small RPP Architecture Chips Use Distributed Computing to Beat Giants at AI Inference

21 Jul 20267 Safar 1448 AH

Infrastructure

21 Jul 20267 Safar 1448 AH

XPower Technology Defies Big-Chip Orthodoxy: Small RPP Architecture Chips Use Distributed Computing to Beat Giants at AI Inference

XPower Technology announced the launch of its reconfigurable parallel processor architecture at WAIC 2026, targeting the domestic AI computing landscape in China. This architecture features the AE7100E chip, which is fingernail-sized, allowing 12 chips to be integrated onto a single accelerator card, supporting large language model deployments ranging from 400 billion to 1.6 trillion parameters.

Models

Tencent ProLaViT Teaches Multimodal LLMs to Reason Step-by-Step in Latent Space, Ending Swallowing-Whole Visual Reasoning Failures

21 Jul 20267 Safar 1448 AH

Models

21 Jul 20267 Safar 1448 AH

Tencent ProLaViT Teaches Multimodal LLMs to Reason Step-by-Step in Latent Space, Ending Swallowing-Whole Visual Reasoning Failures

Tencent's Content Services Department has introduced the ProLaViT framework, addressing a critical weakness in multimodal large language models. Accepted at ECCV 2026, this framework aims to enhance visual reasoning through a causal chain of latent steps. It focuses on reducing reliance on external vision models, thereby increasing efficiency and reducing engineering complexity.

Arab AI Scene

Origen, Deepexi partner to accelerate enterprise AI adoption across MEA

21 Jul 20267 Safar 1448 AH

Arab AI Scene

21 Jul 20267 Safar 1448 AH

Origen, Deepexi partner to accelerate enterprise AI adoption across MEA

Origen, an AI-native technology company, and Deepexi, a publicly listed enterprise AI firm, announced a strategic partnership at the 2026 World Artificial Intelligence Conference. This collaboration aims to enhance AI adoption across the UAE and the broader Middle East and Africa (MEA) region by integrating their technological and commercial strengths.

Governance

OpenAI and Hugging Face partner to address security incident during model evaluation

21 Jul 20267 Safar 1448 AH

Governance

21 Jul 20267 Safar 1448 AH

OpenAI and Hugging Face partner to address security incident during model evaluation

OpenAI and Hugging Face have shared findings from a security incident that occurred during AI model evaluation. The incident revealed advanced capabilities in cyber attacks, prompting defenders to take notice. The findings include crucial lessons on enhancing cybersecurity defenses, with an analysis of the attack methods employed. This incident underscores the importance of collaboration among companies to share information about threats.

Arab AI Scene

e& UAE, Core42 launch sovereign AI compute platform

21 Jul 20267 Safar 1448 AH

Arab AI Scene

21 Jul 20267 Safar 1448 AH

e& UAE, Core42 launch sovereign AI compute platform

e& UAE has partnered with Core42 to launch the Sovereign AI Compute platform, providing advanced cloud computing infrastructure. The platform integrates e&'s national connectivity with Core42's Sovereign AI Cloud, enabling government entities and enterprises to access on-demand GPU resources. This initiative aims to support the UAE's AI strategy by offering secure and compliant infrastructure, facilitating the implementation of AI solutions without upfront costs or egress fees.

Arab AI Scene

DIFC welcomes first AI-native asset manager

21 Jul 20267 Safar 1448 AH

Arab AI Scene

21 Jul 20267 Safar 1448 AH

DIFC welcomes first AI-native asset manager

The Dubai International Financial Centre has welcomed the first AI native asset manager in the region, highlighting the growing trend of AI adoption in the financial sector.