Daily Top 5 in AI — 2026-11-02
2 November 2026
Saudi ArabiaPIF and Aramco close $2.6 billion HUMAIN deal for AI expansion
Aramco acquires 49% of HUMAIN for SAR 9.9 billion, with PIF keeping 51%. The cash injection funds data center capacity and AI model development through 2030, positioning Saudi Arabia as a regional AI infrastructure hub for enterprise and sovereign applications.
Saudi ArabiaSource:PIF
GulfNemetschek launches AI-powered Max suite for Middle East construction
The German software group debuts Archicad Max, Allplan Max and Bluebeam Max across architecture, engineering and construction workflows. The tools cut repetitive tasks and lift project quality as Gulf states scale infrastructure and smart-city pipelines.
GulfSource:Tahawultech
UAEAlterra's $30 billion fund backs AI energy systems as bubble hedge
The UAE climate investor targets power infrastructure driven by AI, a bet that demand for compute energy persists regardless of application hype. CEO Majid Al Suwaidi pairs the strategy with a proprietary climate intelligence platform built with Italy's Domyn.
UAESource:The National
GlobalVolta-Autodoxer malware deploys AI to harvest victim credentials
Security researchers identify infostealer code that uses AI to scrape login details, payment cards, Discord sessions and delivery receipts at scale. The tool marks a step change in automated data theft, raising the bar for enterprise endpoint and identity defenses.
GlobalSource:Wired
GlobalSouth Korea approves record $580 billion budget with AI spending
President Yoon Suk-yeol signs 820.9 trillion won in 2027 outlays, up 12.8% year-on-year, earmarking 21.3 trillion won for AI, semiconductors and data centers. The allocation signals Seoul's push to secure chip supply chains and compute capacity amid US-China technology competition.
GlobalSource:CNN Business Arabic
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