AI News

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9 Jul 202624 Muharram 1448 AH

Anthropic, OpenAI, and SpaceX are bigger than the last 25 years of tech exits

Three upcoming AI IPOs are projected to generate more value than all U.S. VC-backed exits since 2000. These IPOs involve leading AI companies, reflecting rapid growth in the sector. This trend indicates a significant increase in investment interest in modern technologies. Data suggests these IPOs could attract substantial investments, showcasing investor confidence in the future of AI. Compared to previous years, this shift indicates a major change in how the market values this technology. Experts anticipate these IPOs will lead to radical changes in the investment landscape.

Arab AI Scene

9 Jul 202624 Muharram 1448 AH

AVELIN AI closes $3.7 million pre-seed to expand sovereign AI platform

AVELIN AI, based in the UAE, has raised $3.7 million in a pre-seed funding round from angel investors. Founded in 2026 by Yuri Akinin, AVELIN develops a sovereign AI platform that enables businesses and governments to deploy AI while retaining full ownership of their data. The company plans to use the funding to expand its presence in the Middle East, Europe, and North America, enhance its data processing capabilities with graphics processing units, and develop its proprietary model integration technology.

Models

9 Jul 202624 Muharram 1448 AH

Meta says its new AI model is ready to compete on coding

Meta has launched the Muse Spark 1.1 model, marking a significant advancement from the initial version released in April. The new model supports developers through the Meta Model API, facilitating integration with intelligent programming software. Muse Spark 1.1 features the ability to detect and fix complex bugs and supports agent workflows across a range of applications, including multi-agent systems. It incorporates improvements based on developer feedback, reflecting Meta's responsiveness to market needs.

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OpenAI finds roughly 30 percent of popular AI coding test is broken

How will OpenAI's withdrawal affect programming benchmark standards?

Arab AI Scene

HUMAIN, Cohere to build Arabic AI models

9 Jul 202624 Muharram 1448 AH

Arab AI Scene

9 Jul 202624 Muharram 1448 AH

HUMAIN, Cohere to build Arabic AI models

HUMAIN, a PIF-owned company, and Cohere have announced a partnership to develop sovereign AI models, including Arabic-language models. The collaboration is supported by at least 50 megawatts of dedicated AI compute, with infrastructure expected to be operational by Q4 2027. This partnership marks a significant move for HUMAIN, which has been developing the ALLaM model since 2023. The new models will cater to the Saudi market's needs through sector-specific adaptations, reflecting a shift towards a heterogeneous environment utilizing various AI models.

Business

Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

9 Jul 202624 Muharram 1448 AH

Business

9 Jul 202624 Muharram 1448 AH

Popular open source AI developer tool Ollama raises $65M, grows to nearly 9M users

Ollama has garnered 176,000 stars and nearly 17,000 forks on GitHub, showcasing its success in enabling developers to run AI on their PCs. By providing effective and reliable tools, Ollama simplifies the use of AI for developers, which enhances their innovation capabilities. These figures reflect a growing interest in open-source AI tools. This success highlights the importance of solutions that facilitate AI usage, opening new avenues for developers in the Arab world and enhancing competitiveness in the tech market.

Business

GPT-5.6 is now the preferred model in Microsoft 365 Copilot

9 Jul 202624 Muharram 1448 AH

Business

9 Jul 202624 Muharram 1448 AH

GPT-5.6 is now the preferred model in Microsoft 365 Copilot

Microsoft has announced the launch of GPT-5.6, enhancing Microsoft 365 Copilot's capabilities across Word, Excel, and PowerPoint. This update aims to improve work quality and speed, providing users with more effective tools. The new version of GPT-5.6 represents a significant step in AI development, offering advanced features like improved language understanding and intelligent interaction. This update comes at a time when reliance on AI tools in work environments is increasing.

Infrastructure

Meta Platforms to Begin AI Chip Production in 2026

9 Jul 202624 Muharram 1448 AH

Infrastructure

9 Jul 202624 Muharram 1448 AH

Meta Platforms to Begin AI Chip Production in 2026

Meta Platforms plans to start production of a new AI chip, named 'Iris', in September 2026. This chip is designed for data centers and is part of Meta's project to develop four generations of training and inference acceleration chips, aimed at enhancing AI performance on Facebook and Instagram. The company collaborates with Broadcom for design and TSMC for manufacturing. Meta aims to increase its computing capacity to 14 gigawatts by next year, with an expected investment of up to $145 billion in AI infrastructure this year.

Agents

Meta debuts its Muse Image AI model

9 Jul 202624 Muharram 1448 AH

Agents

9 Jul 202624 Muharram 1448 AH

Meta debuts its Muse Image AI model

Meta has announced the launch of Muse Image, its first in-house image generation model, integrated within the Meta AI chatbot. Users can describe their desired images in conversational language, allowing the AI to handle tasks like removing unwanted elements or generating QR codes. The tool operates alongside the Muse Spark reasoning model, which includes image layout planning and real-time web context retrieval. Meta is also introducing new social features, enabling users to tag Instagram accounts within the app, enhancing user interaction.

Governance

The $28 Million Mistake That Inspired Estonia’s AI ‘Fuckup Finder’

9 Jul 202624 Muharram 1448 AH

Governance

9 Jul 202624 Muharram 1448 AH

The $28 Million Mistake That Inspired Estonia’s AI ‘Fuckup Finder’

Estonia's government suffered significant financial losses due to a single linguistic error. In an innovative move, the country has begun using artificial intelligence to detect legal mistakes before laws take effect. This initiative aims to enhance government efficiency by automating more administrative processes. The Estonian government employs AI technologies to analyze legal texts and identify potential errors. This new system helps reduce costs associated with legal amendments, underscoring the importance of precision in law drafting.