AI News

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13 Aug 20261 Rabiʻ I 1448 AH

UAE's MGX co-leads Databricks strategic funding round

MGX, a UAE-based technology investment company, has led a $5 billion funding round for AI firm Databricks, which is now valued at $190 billion. The round also included Coatue, Blackstone, T Rowe Price, and new investor Sixth Street Growth. Databricks aims to drive innovation across its AI platform, noting that at least 60% of its clients are Fortune 500 companies. The company reported surpassing a $7 billion revenue run-rate with over 80% year-over-year growth in Q2. This investment comes during a busy period for MGX, which recently committed to expanding data centers.

Models

13 Aug 20261 Rabiʻ I 1448 AH

OpenAI introduces ‘Ultrafast,’ a new mode that makes GPT-5.6 Sol work at 14x the speed

OpenAI has announced the launch of a preview version of its latest and most powerful model, featuring speed enhancements. This release aims to attract enterprise users, as the company seeks to meet the growing demands of businesses. The new model includes technical improvements that enhance performance efficiency. This development represents a strategic move for OpenAI in expanding its customer base, which could positively impact the adoption of AI in various work environments.

Models

13 Aug 20261 Rabiʻ I 1448 AH

IBM partners with OpenAI to bolster enterprise AI push

IBM has announced plans to train and certify tens of thousands of consultants on OpenAI technologies. This initiative is part of a strategic partnership aimed at enhancing consultants' capabilities in utilizing advanced AI tools. It is expected that this initiative will improve efficiency and drive innovation in projects leveraging OpenAI technologies. This move is significant in the context of the digital transformation occurring across sectors, enabling companies to better harness AI in their operations. It also reflects IBM's commitment to upskilling the workforce in the AI domain.

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Gemini 3.7 Flash lands with coding gains and undercuts its three-week-old predecessor's price by 50%

What impact do you think Gemini 3.7 will have on the AI market?

Agents

Google Launches Gemini 3.7 Flash AI Model for Automated Programming

13 Aug 20261 Rabiʻ I 1448 AH

Agents

13 Aug 20261 Rabiʻ I 1448 AH

Google Launches Gemini 3.7 Flash AI Model for Automated Programming

On Thursday, Alphabet announced the launch of its AI model, Gemini 3.7 Flash, designed for software programming and automated business tasks. This release comes as investors await the Gemini 3.5 Pro model, seen as a test of Google DeepMind's ability to compete. Gemini 3.7 Flash offers a low-cost option for companies developing autonomous AI systems, with a preliminary price set at $0.75 per million input tokens. The new version has demonstrated improved performance in programming tasks, including error correction and generating production-ready code.

Business

Databricks Raises $5 Billion to Expand AI Investments

13 Aug 20261 Rabiʻ I 1448 AH

Business

13 Aug 20261 Rabiʻ I 1448 AH

Databricks Raises $5 Billion to Expand AI Investments

Databricks announced it has raised $5 billion in a funding round, boosting its valuation to $190 billion. This funding follows a previous valuation of approximately $134 billion, reflecting the increasing demand for AI solutions. The funding round was led by firms such as Coatue and Blackstone, with new investments from Sixth Street Growth. Databricks reported annual revenues exceeding $7 billion, with revenue growth of over 80% year-on-year in the second quarter.

Arab AI Scene

ME leads global AI adoption as firms turn investment into productivity gains: Autodesk

13 Aug 20261 Rabiʻ I 1448 AH

Arab AI Scene

13 Aug 20261 Rabiʻ I 1448 AH

ME leads global AI adoption as firms turn investment into productivity gains: Autodesk

Autodesk's 2026 State of Design & Make: AI Pulse report reveals that 87% of Middle Eastern organizations feel an urgent need to adopt AI, the highest globally. Additionally, 92% reported productivity gains from AI deployment, exceeding the global average of 84%. The region also outperformed in innovation and decision-making, with 90% indicating positive impacts on innovation compared to 77% worldwide.

Business

Facebook Launches AI-Powered Creator Studio App for Content Creators

13 Aug 20261 Rabiʻ I 1448 AH

Business

13 Aug 20261 Rabiʻ I 1448 AH

Facebook Launches AI-Powered Creator Studio App for Content Creators

Facebook has launched a new app called Creator Studio, leveraging artificial intelligence to assist content creators in understanding their account performance, planning upcoming posts, and engaging with followers. The app aims to simplify content management, allowing users to access precise analytics without delving into complex data dashboards. The official launch follows a limited testing phase that began in June.

Infrastructure

Nvidia’s new $500B plan is risky but brilliant, especially for aging GPUs

13 Aug 20261 Rabiʻ I 1448 AH

Infrastructure

13 Aug 20261 Rabiʻ I 1448 AH

Nvidia’s new $500B plan is risky but brilliant, especially for aging GPUs

Nvidia is working to convince a new group of financiers to continue funding AI projects, highlighting the critical role of GPUs in this sector. GPUs are essential for developing AI technologies, as they accelerate deep learning processes and enhance performance. Nvidia hopes this initiative will lead to increased investments in the field. If Nvidia succeeds in attracting funding, it could stabilize the GPU market and strengthen its competitive position amid the growing demand for AI technologies.

Models

ChatGPT and Gemini Surpass One Billion Monthly Users in AI

13 Aug 20261 Rabiʻ I 1448 AH

Models

13 Aug 20261 Rabiʻ I 1448 AH

ChatGPT and Gemini Surpass One Billion Monthly Users in AI

ChatGPT and Gemini have surpassed one billion monthly users, highlighting the rapid spread of AI services. Sundar Pichai, CEO of Google, announced that Gemini is now the fastest-growing product in Google's history, intensifying competition with OpenAI. This milestone indicates a significant shift in the smart chatbot market, where innovation and development are increasingly necessary.