AI News

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10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Epicor delivers 90-day Cloud ERP for qualified go-lives with Ascend program

Epicor has announced a significant expansion of its Ascend program, designed to enhance cloud ERP implementations. This initiative includes a 90-day go-live target for qualified ERP cloud projects, utilizing new AI capabilities to streamline the implementation process and minimize disruptions. The expanded program caters to three customer scenarios: new clients transitioning from legacy ERP systems, existing Epicor customers moving to the cloud, and those integrating new business units. The focus remains on reducing friction and accelerating time-to-value.

Business

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Morgan Stanley: AI-Linked Debt Issuance to Exceed $570 Billion

Morgan Stanley projects that global debt issuances linked to the artificial intelligence sector will surpass $500 billion by 2026, reaching approximately $570 billion. The global bond market is witnessing a notable increase in AI-related issuances as major companies turn to alternative funding sources to keep pace with accelerating capital expenditures. As of May 31, 2026, Morgan Stanley estimates AI-linked debt issuances at around $236 billion, representing four times the level recorded during the same period last year.

Arab AI Scene

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

HUMAIN and NVIDIA bring robotaxi-ready platform to Middle East

HUMAIN, a Public Investment Fund company, is leading NVIDIA's robotaxi platform entry into the Middle East. This partnership aims to develop Level 4-ready autonomous transportation solutions in Saudi Arabia and the region. HUMAIN plans to invest significantly in infrastructure, including AI factories with a capacity of up to 500 megawatts and deploying hundreds of thousands of NVIDIA GPUs over the next five years. An initial phase features an 18,000-GPU NVIDIA GB300 supercomputer to support autonomous vehicle training and simulation.

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Autonomous security critical to secure the UAE’s AI future, says SentinelOne CAIO

What strategies can enhance cybersecurity amid increasing AI reliance?

Infrastructure

Meta signs first AI data center deal in India with Reliance

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Infrastructure

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Meta signs first AI data center deal in India with Reliance

Meta has announced the establishment of a new 168-megawatt power facility to support its global AI computing needs. This facility will enhance Meta's data processing capabilities and allow for future expansion to meet growing demand. This project represents a strategic move to address increasing challenges in AI, reflecting Meta's commitment to strengthening its technical infrastructure for sustainable innovation and growth.

Business

Communications Minister Leads Saudi Delegation to US to Boost Tech, AI, Innovation Partnerships | Ministry of Communications and Information Technology

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Business

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Communications Minister Leads Saudi Delegation to US to Boost Tech, AI, Innovation Partnerships | Ministry of Communications and Information Technology

Abdullah Alswaha, the Minister of Communications and Information Technology, is leading a high-level Saudi delegation to the US to strengthen strategic partnerships in technology and AI. The delegation will engage with US officials and tech leaders to enhance cooperation in developing advanced computing and AI infrastructure, aligning with Saudi Vision 2030 goals. This visit underscores Saudi Arabia's commitment to becoming a global hub for technology and innovation, fostering a sustainable, knowledge-based digital economy and empowering local innovators.

Arab AI Scene

HBKU’s HIKMA Project Launches AI-powered Research Ecosystem

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Arab AI Scene

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

HBKU’s HIKMA Project Launches AI-powered Research Ecosystem

Hamad Bin Khalifa University has launched the HIKMA Project, utilizing AI to generate, review, and present scientific papers under ethical human supervision. This initiative aims to redefine knowledge creation and position Qatar as a leader in AI-assisted scholarship. HIKMA integrates all stages of academic research, from topic generation to automated writing and AI-based review. Central to the project is HikmaXiv, an open-access repository designed to be the largest archive of AI-generated and human-reviewed research papers, ensuring transparency in collaboration.

Business

Presight AI, a G42 Company, announces its intention to list on the Abu Dhabi Securities Exchange via an Initial Public Offering

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Business

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Presight AI, a G42 Company, announces its intention to list on the Abu Dhabi Securities Exchange via an Initial Public Offering

Presight AI Holding PLC, a G42 company, plans to offer 1,359,680,000 new ordinary shares for public subscription in the UAE. This represents 24.24% of the company's share capital, with the IPO period set from March 13 to March 17, 2023, and trading expected to start on March 27, 2023. The UAE Securities and Commodities Authority approved the IPO application on March 3, 2023. Of the total shares offered, 168,396,368 will be allocated to retail investors, while 1,191,283,632 shares will go to professional investors, reflecting a strategic approach to market engagement.

Governance

G42 publishes its Frontier AI Safety Framework

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Governance

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

G42 publishes its Frontier AI Safety Framework

G42, based in the UAE, has announced the publication of its Frontier AI Safety Framework, reinforcing its commitments made at the Seoul AI Summit. This framework outlines clear protocols for risk assessment, governance, and external oversight to ensure the safe and responsible development of advanced AI models. The framework establishes standards for AI capabilities, independent governance mechanisms, and deployment safeguards to identify and mitigate risks before they become critical. This approach aligns with global best practices and contributes to ongoing AI safety efforts worldwide.

Models

[AINews] Anthropic Claude Fable 5 — Mythos but Safe, with Controversial Terms

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

Models

10 Jun 202625 Dhuʻl-Hijjah 1447 AH

[AINews] Anthropic Claude Fable 5 — Mythos but Safe, with Controversial Terms

The new Mythos-class model was launched 34 days after the SpaceXai deal, boasting a size at least double that of Opus 4.8. This engineering feat allows public access to research models, showcasing significant performance improvements. The model achieved impressive benchmark results, increasing from 13.4% to 29.3% on the FrontierCode Diamond index. Additionally, the API pricing is attractive, reflecting the company's commitment to providing advanced solutions at reasonable costs.