AI News

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12 Aug 202629 Safar 1448 AH

Global Youth Unemployment Rate Rises Due to AI and Economic Weakness

The International Labour Organization reported a rise in global youth unemployment to 12.4% in 2025, up from 12.3% in 2023, indicating a reversal of post-COVID-19 gains. Arab countries lead in youth unemployment rates at 26.2%, with North America seeing an increase to 9.8%. The report highlights a decline in medium-skilled job opportunities, intensifying pressure on young workers. Estimates suggest that 6.1% of youth jobs are at risk due to AI changes, potentially displacing 5.6 million young people. Meanwhile, youth in developing countries face limited options, often resorting to informal work lacking basic protections.

Agents

12 Aug 202629 Safar 1448 AH

From assistance to execution: How enterprises put AI to work

OpenAI's report reveals how enterprises are adopting agentic AI, particularly through the use of ChatGPT and Codex. The report highlights that leading companies are advancing in this area, indicating a significant shift in business strategies. The mechanisms involve using these intelligent systems to enhance efficiency and productivity, with data showing that firms leveraging agentic AI achieve better outcomes than their peers. This trend underscores the importance of AI in fostering innovation and developing smart solutions, enabling organizations to adapt to rapid market changes and gain a competitive edge.

Arab AI Scene

12 Aug 202629 Safar 1448 AH

Saudi fund offers grants for AI in culture

Saudi Arabia's Cultural Development Fund has launched AI Incentives for Cultural Projects, offering grants up to SAR 500,000 ($133,000) to micro, small, and medium-sized cultural businesses adopting or developing AI technologies. This initiative is in partnership with the Ministry of Culture, the Quality of Life Program, and the Saudi Data and Artificial Intelligence Authority (SDAIA), with applications open until September 29, 2026. This grant track aligns with Saudi Arabia's designation of 2026 as the Year of AI, aiming to enhance the cultural sector's technological capabilities.

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NVIDIA AI Factory Compute Is Becoming an Investable Asset Class

How might these partnerships shape the future of AI in the region?

Business

How RingCentral builds AI-native work from engineering to ops

12 Aug 202629 Safar 1448 AH

Business

12 Aug 202629 Safar 1448 AH

How RingCentral builds AI-native work from engineering to ops

RingCentral has announced its use of ChatGPT and Codex to accelerate AI product development. This collaboration aims to enhance operational efficiency by integrating AI into engineering processes. This approach is expected to foster innovation and increase responsiveness to market demands. RingCentral leverages ChatGPT's data processing and analysis capabilities, facilitating quick decision-making. Additionally, the use of Codex aids in faster application development, reflecting the importance of AI in performance enhancement. This development comes at a time when reliance on AI technologies is increasing across various sectors.

Business

🔬The BioAI Phase Shift - Matthew McPartlon & Neil Patil, Chai Discovery

11 Aug 202628 Safar 1448 AH

Business

11 Aug 202628 Safar 1448 AH

🔬The BioAI Phase Shift - Matthew McPartlon & Neil Patil, Chai Discovery

In January, four major AI tools deals in the pharma sector were announced at the JPM conference in San Francisco. OpenAI-backed Chai Discovery was at the center of these deals, now valued at $4 billion despite being only two years old. The JPM conference is a significant annual event for pharma deal-making, attracting numerous companies to discuss partnerships and innovations. Recently, firms developing AI tools for pharma have started building their own drug pipelines, indicating a shift in how these tools are utilized.

Models

OpenAI launches ChatGPT desktop app for Linux

11 Aug 202628 Safar 1448 AH

Models

11 Aug 202628 Safar 1448 AH

OpenAI launches ChatGPT desktop app for Linux

OpenAI has announced the launch of a dedicated ChatGPT app for Linux operating systems, making it easier for users to access AI services. The new app allows users to interact with ChatGPT more efficiently, reflecting OpenAI's commitment to expanding its services across multiple operating systems. This development enhances users' ability to leverage AI technologies in their work environments, potentially leading to increased reliance on AI across various sectors.

Models

Google’s Gemini app surges to 1 billion users

11 Aug 202628 Safar 1448 AH

Models

11 Aug 202628 Safar 1448 AH

Google’s Gemini app surges to 1 billion users

Google announced that 63% of Gemini users interact with the voice assistant feature. This percentage indicates users' preference for voice interaction, reflecting the success of this new feature. Gemini generates over 150 million images daily, showcasing the growing reliance on AI for content creation.

Business

Another OpenAI executive takes off

11 Aug 202628 Safar 1448 AH

Business

11 Aug 202628 Safar 1448 AH

Another OpenAI executive takes off

Brad Lightcap, OpenAI's special projects lead, announced his departure after eight years at the company. In an internal memo posted later on X, Lightcap mentioned he would be starting "something new." He stated that over the past few months, he had been focused on the "next horizon" and what could impede mission success.

Agents

General Catalyst leads $1.1B round into 2-month-old River AI

11 Aug 202628 Safar 1448 AH

Agents

11 Aug 202628 Safar 1448 AH

General Catalyst leads $1.1B round into 2-month-old River AI

River AI, founded by Igor Babuschkin, has secured $1.1 billion to support its vision for developing personal agents. The company aims to deliver AI-driven solutions that enhance user experiences through personal agents capable of effectively interacting across multiple environments. This funding marks a significant advancement in the AI field, potentially transforming how individuals engage with technology and increasing reliance on personal agents in daily life.