This week's top stories — 10-16 Aug
Presight announces stellar H1 results; HUMAIN to launch Arabic foundation model
This was the week that ADX-listed Presight announced record financial performance for the first half of 2025.
In other news, HUMAIN revealed that it has been developing a 34 billion parameter Arabic foundation model in secret, to be announced very soon! And Saudi Arabia’s Public Investment Fund shares that it has integrated AI throughout its operations, chancing the way it operates and invests.
Here are this weeks biggest AI news stories!
Sunday, August 10th
🔥HUMAIN to launch a powerful new Arabic AI model suite
Saudi AI company HUMAIN aims to release new ALLaM 34B AI model
Monday, August 11th
🔊 Listen to Monday’s Daily News Minute
🔥 Madinah launches global deep tech venture hub
Al-Madinah Municipality partners with DeepMinds for venture studio
🔥 Second Dubai AI Government Services Accelerator open
Dubai government's eight-week AI accelerator programme open for applications
Tuesday, August 12th
🔊 Listen to Tuesday’s Daily News Minute
🔥 Dubai RTA launches AI traffic analysis platform
RTA deploys AI system to further optimise road traffic management operations
Wednesday, August 13th
🔊 Listen to Wednesday’s Daily News Minute
🔥 Presight record H1 revenue exceeds AED 1 billion
ADX-listed big data analytics and AI company reports 80% revenue growth
🔥 AI transforms Public Investment Fund's operations
AI transforms how PIF operates, invests and drives outcomes
🔥 Core42 launches gpt-oss access with choice of GPUs
Core42 offers gpt-oss models delivering up to 3,000 tokens per second
Thursday, August 14th
🔊 Listen to Thursday’s Daily News Minute
🔥 Abu Dhabi Hub71 attracts 13 AI-powered startups
Total number of AI ventures under the Hub71 platform grows to 52