PIF takes Magic Leap stake; RATP signs with AlUla
Middle East AI News weekly news digest...
Here’s your weekly roundup of Middle East AI News!
As you see, I’ve finally made the switch to Substack. In case you missed it, Revue (the platform that I’ve used for Middle East AI News for the past two years) is shutting down next month, so Substack is my new platform.
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Now, onto the last Middle East AI News digest of 2022! Have a great New Year’s weekend!
#Saudi #R&D - Middle East AI News 2022 Roundup Part II - A number of significant policy moves and investments were announced by Saudi Arabia and the United Arab Emirates during 2022 that will help shape the region’s research and development ecosystems for many years to come. (Middle East AI News)
#Saudi #emobility - RATP Dev signed a ‘360 Mobility’ services contract with the Royal Commission for AlUla (RCU) to help the commission shape a future of mobility in AlUla. RATP Dev will support RCU in developing emobility services including driverless pods for first- and last-mile connection. (RATP)
#UAE #emobility - Abu Dhabi's Smart Mobility Project enters its second phase, with eight Txai self-driving cabs, six mini robo buses, and three ‘autonomous rapid transits’ (ART) are currently being operated on Yas and Saadiyat islands. (Khaleej Times)
#UAE #retail - Dubai Festivals and Retail Establishment will host two drone shows every night during the Dubai Shopping Festival, until January 29. The drone shows are taking place at JBR and Bluewaters Island. (The National)
#Saudi #investment - Saudi Arabia's sovereign wealth fund Public Investment Fund (PIF), has reportedly gained control of augmented reality (AR) developer Magic Leap in a deal worth $450 million. The company has spent billions developing a headset that projects holograms onto the real world to immerse users in the digital landscape. (Fast Company ME)
#Saudi #Industry4 - Saudi Authority for Industrial Cities and Technology Zones (Modon) and Oxagon, the advanced manufacturing and innovation destination within kingdom's futuristic city Neom, have signed an MoU to boost co-operation in the implementation of the Future Factories Programme. (Trade Arabia)
Dubai, UAE, 12 December 2022,
#UAE #geospatial - Dubai Municipality has launched the geospatial business and innovation incubator, ‘GeoHub’ within the framework of joint cooperation by its Geographical Information System (GIS) Centre with the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) and the Hamdan Innovation Incubator. (MENAfn)
#ArabianGulf #Iran #USA - Commander of U.S. Central Command General Michael “Erik” Kurilla said during a press briefing that the US military has developed three innovative AI military systems to counter expansive Iranian threats on land, air and sea in the region, especially its drone capabilities. (Arab News)
#UAE #education - Two years since its launch, Mohamed Bin Zayed University of Artificial Intelligence (MBZUAI) celebrates its first class of graduates - an important milestone for the UAE's AI ambitions. (CNN)