Saudi Arabia's national AI company acquires the cloud and digital services provider launched by Aramco and Cognite two years ago. CNTXT brings enterprise AI, cloud and cybersecurity capabilities, with revenue up more than fourfold in three years and over 400 corporate clients.
Saudi ArabiaSource:Middle East AI NewsRead the full story
Tencent launches Hy4, a new AI model with enhanced visual understanding and complex chart analysis for enterprise applications. The release intensifies competition among Chinese tech giants developing open-weight models for business software, as firms race to expand AI adoption.
GlobalSource:South China Morning PostRead the full story
DeepBlue Technology and Huawei unveiled the Wowoker, billed as the first large-model agent work phone. Running on Kirin chips and HarmonyOS with DeepBlue's multimodal model, the device targets sales teams with built-in agents for customer acquisition and automated calls.
Oracle terminated a deal to lease up to 100,000 advanced AI chips to Tencent across Southeast Asian data centers after Trump administration objections. The cancellation underscores rising US-China tensions in AI infrastructure as Chinese firms seek computing power amid domestic supply limits.
GlobalSource:CNN Business ArabicRead the full story
Cybersecurity-focused Ballistic Ventures is raising $360 million for its flagship fund and another $130 million for a separate vehicle. The fundraising reflects surging investor demand for cybersecurity technologies as AI adoption expands attack surfaces and defense requirements.
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