This week's top stories — 22-28 June
AI drives $4B tech returns for Aramco; Borouge, Honeywell to make AI control room
This was the week that Abu Dhabi’s Technology Innovation Institute (TII) and the Linux Foundation announced a new standards body for the STX wireless communications protocol.
In other news, Aramco CEO Amin Nasser revealed that AI has drove $4 billion in realised value during 2024; Saudi’s digital transformation leader Elm opens in Oman; AIREV partners with Tenstorrent to build new AI stack; and Borouge and Honeywell announced plans for a first-of-its-kind AI control room for petrochemical plants.
Here are this weeks biggest AI news stories!
Sunday, June 22nd
🔥 Aramco's AI push drives $4 billion in technology impact
Saudi energy giant doubles annual tech returns harnessing artificial intelligence
🔥 Kneron lands $2 million grant for Saudi expansion
NTDP's RELOCATE Initiative attracts global semiconductor firm Kneron
Monday, June 23rd
🔊 Listen to Monday’s Daily News Minute
🔥 TII chairs new industrial wireless standards initiative
Abu Dhabi forms leads new wireless initiative hosted by Linux Foundation
◼ PIF-backed Elm opens Oman office
New Oman office Elm's first Middle East office outside Saudi Arabia
Tuesday, June 24th
🔊 Listen to Tuesday’s Daily News Minute
🔥 AIREV partners with US AI chip startup Tenstorrent
AIREV-Tenstorrent deal signals export-ready UAE innovation
◼ AppliedAI's $55 million Series A round oversubscribed
New funding to drive Abu Dhabi-based enterprise AI startup's regional expansion
◼ Presight selects 10 AI startups to join accelerator
New Presight Accelerator receives 120 applications from 17 countries
Wednesday, June 25th
🔊 Listen to Wednesday’s Daily News Minute
🔥 Borouge, Honeywell to develop industry-first AI control room
Borouge's AI and digitisation projected to deliver $575 million in value this year
◼ South Korea seeks 27 SMEs for Saudi market entry
Korean-Saudi programme to support tech SMEs entering the Kingdom
◼ Dubai RTA actively explores Quantum transport solutions
RTA appoints dedicated team to explore Quantum technologies and solutions
Thursday, June 26th
🔊 Listen to Thursday’s Daily News Minute
🔥 Egypt gets new deep tech venture studio
Aria Ventures targets science-driven startups across deep tech sectors
Friday, June 27th
🔊 Listen to Friday’s Daily News Minute
◼ AI World Series Awards announces 78 global finalists
Finalists from four continents to compete across 19 AI awards categories
[Written and edited by a human]