Qualcomm launched its Riyadh office on August 30, 2026, with PIF-backed HUMAIN attending. The move signals the chip maker's shift from mobile hardware to full-stack AI solutions, using Saudi Arabia as a proving ground for its repositioning.
Saudi ArabiaSource:Middle East AI NewsRead the full story
The fifth LEAP Conference begins in Riyadh tomorrow for four days, gathering global tech leaders, investors and founders. Since 2022, LEAP has become one of the world's leading technology events, spotlighting innovations shaping the industry's future.
OpenAI has purchased tens of thousands of Mac minis and Mac Studios to train computer-use AI agents, driving shortages of top models for months. The buying spree reflects intense competition with rivals like Anthropic and helped push Apple Mac revenue up 29% to $10.4 billion last quarter.
Governor Andrew Bailey told G20 finance ministers that frontier AI models could change the speed and cost of cyberattacks, complicating financial risk. He urged institutions to match AI capability advances with stronger resilience and recovery systems to counter the evolving threat.
GlobalSource:CNN Business ArabicRead the full story
Chinese AI chipmakers are reaping rewards from Beijing's self-reliance push. MetaX Integrated Circuits returned to profit in the first half, lifting shares 2.4% to 691.2 yuan, while Iluvatar also turned profitable and Biren narrowed losses, highlighting diverging fortunes in the sector.
Saudi Arabia
Saudi Arabia
Global
Global
Global