AI News

Follow the latest AI and automation news

31 Aug 202619 Rabiʻ I 1448 AH

Warnings on AI Risks to the Global Financial System

Andrew Bailey, the Governor of the Bank of England, stated that advanced AI poses the greatest cybersecurity risks to the global financial system. He warned that leading AI models could complicate the risk landscape, making cyberattacks faster and more costly. Bailey urged countries to develop strategies to address these risks, noting that AI can reduce the time and cost of discovering vulnerabilities, thereby increasing the speed of attacks. He also highlighted that reliance on a limited number of technology providers heightens risks if they are targeted.

Governance

31 Aug 202619 Rabiʻ I 1448 AH

Warnings on AI Risks to Cybersecurity and the Financial Sector

Andrew Bailey, the Governor of the Bank of England, warned that advanced AI poses a real threat to cybersecurity, potentially altering the speed and cost of cyberattacks. In a letter to G20 finance ministers and central bank governors, he noted that frontier AI models complicate the financial risk landscape, necessitating a swift response from financial institutions. Bailey emphasized that advancements in AI capabilities must be matched by improved resilience and recovery mechanisms within financial institutions, cautioning that cyberattacks could become faster and more widespread, negatively impacting market confidence.

Models

31 Aug 202619 Rabiʻ I 1448 AH

Polimill builds Japan's next-generation public AI infrastructure

Polimill has announced its use of OpenAI models, including GPT and Codex, to assist municipalities in searching for and utilizing administrative knowledge. This technology accelerates administrative development processes by providing advanced tools for data and information analysis. It allows municipalities to access the necessary knowledge more quickly and efficiently. The application of OpenAI models represents a significant step towards enhancing public services, improving local governance effectiveness, and enabling government entities to make informed decisions.

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OpenAI supports California’s bill to advance youth AI safety

How can we balance teen protection with creative freedom in AI?

Infrastructure

China’s AI chip drive: MetaX and Iluvatar swing to profit, as Biren narrows losses

31 Aug 202619 Rabiʻ I 1448 AH

Infrastructure

31 Aug 202619 Rabiʻ I 1448 AH

China’s AI chip drive: MetaX and Iluvatar swing to profit, as Biren narrows losses

Chinese AI chipmakers are beginning to benefit from Beijing's self-reliance initiatives, with recent first-half earnings reports revealing a stark contrast between profitable and loss-making firms. Shares of MetaX Integrated Circuits rose by 2.4% to 691.2 yuan following its announcement of a return to profitability, indicating strong investor interest in successful companies within this sector. This success highlights the growing trend towards innovation in artificial intelligence, which could significantly impact the future of technology in China and strengthen its position in the global market.

Business

A milestone in expanding access to AI

31 Aug 202619 Rabiʻ I 1448 AH

Business

31 Aug 202619 Rabiʻ I 1448 AH

A milestone in expanding access to AI

OpenAI announced that ChatGPT Ads has reached an annual revenue run rate of $1 billion, showcasing significant market success. This development comes as OpenAI aims to broaden access to AI through free and affordable options, enhancing technology usage across various sectors. The global expansion reflects OpenAI's commitment to providing AI tools to a wide range of users, potentially transforming the digital advertising landscape.

Arab AI Scene

AMD Cisco and HUMAIN

31 Aug 202619 Rabiʻ I 1448 AH

Arab AI Scene

31 Aug 202619 Rabiʻ I 1448 AH

AMD Cisco and HUMAIN

HUMAIN, in collaboration with AMD and Cisco, announced the launch of AI infrastructure in Saudi Arabia powered by AMD Instinct MI355X GPUs. This deployment marks a significant milestone in their efforts to build an open, large-scale AI platform, enabling HUMAIN to offer GPU-as-a-service for various applications. The three companies plan to deploy an additional 250 MW of AI infrastructure starting in 2027, with capacity expected to begin coming online in the second half of the year. This expansion responds to strong customer demand, highlighting the initiative's importance in enhancing AI capabilities in the Kingdom.

Arab AI Scene

HUMAIN Partners with DataVolt

31 Aug 202619 Rabiʻ I 1448 AH

Arab AI Scene

31 Aug 202619 Rabiʻ I 1448 AH

HUMAIN Partners with DataVolt

HUMAIN, a PIF-owned company, announced its partnership with DataVolt to develop 100MW of a 360MW AI data center project in NEOM. The project was launched on August 31, 2026, and construction of the first phase is currently underway in Oxagon, the industrial city. The center will integrate renewable energy sources and innovative cooling technologies to meet the growing computing demands of advanced AI. The first 100MW is expected to be available by 2028, reflecting both companies' commitment to providing sustainable digital infrastructure.

Arab AI Scene

HUMAIN and AWS Expand Strategic Collaboration

31 Aug 202619 Rabiʻ I 1448 AH

Arab AI Scene

31 Aug 202619 Rabiʻ I 1448 AH

HUMAIN and AWS Expand Strategic Collaboration

HUMAIN, a PIF company, and Amazon Web Services (AWS) announced an expansion of their strategic collaboration at LEAP 2026. This includes making up to 50 megawatts (MW) of AI Zone capacity available by 2028, enhancing their partnership across AI infrastructure and advanced AI models. The collaboration aims to provide high-performance AI infrastructure to meet the growing demands of companies globally. Additionally, HUMAIN Fabric will be available on the AWS Marketplace, allowing customers to easily access the platform through their existing AWS relationships.

Business

LEAP 2026 Opens in Riyadh with Over $15 Billion in AI Launches, Investments and Partnerships

31 Aug 202619 Rabiʻ I 1448 AH

Business

31 Aug 202619 Rabiʻ I 1448 AH

LEAP 2026 Opens in Riyadh with Over $15 Billion in AI Launches, Investments and Partnerships

LEAP 2026, the world's largest tech event, kicked off today in Riyadh under the theme "Into New Worlds," gathering leading technology and AI figures, investors, and innovators globally. The conference announced major launches, investments, and partnerships exceeding $15 billion in AI and advanced technologies, reinforcing Saudi Arabia's leadership in digital infrastructure and advanced computing.