This week’s top stories — 31 May–06 June
du's new $50M venture fund; CNTXT AI acquires Actualize to expand Arabic voice
This was the week that Nevada-based AI inference unicorn Positron AI opened its first international office in Dubai International Financial Centre (DIFC) as a key step towards is global expansion.
In other news, CNTXT AI acquired Arabic voice AI specialist Actualize to strengthen its position in the GCC conversational AI market; G42 and Santander announced a global AI collaboration; Core42 expanded its US AI compute footprint with a major Buffalo data centre expansion; and UAE organisations were recognised as global leaders in AI agent adoption.
Here are this week’s biggest AI news stories!
Sunday, May 31st
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🔥 Dubai’s RTA hits AED 5.3 billion in Digital Revenue in 2025
The 20% growth signals advancing transformation to AI-driven mobility ecosystem
Monday, June 1st
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🔥 Nvidia challenger Positron opens first global office at DIFC
Unicorn inference infrastructure company targets MENA sovereign AI deployments
Tuesday, June 2nd
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🔥 Core42 expands US AI compute with 42MW Buffalo expansion
Lake Mariner site grows from 18MW to 60MW as G42 scales American infrastructure
🔥 UAE banks lead MEA AI banking rankings
Emirates NBD tops AI banking index, amid strong showing for UAE banks
Wednesday, June 3rd
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🔥 G42 and Santander sign AI partnership for global collaboration
Agentic AI platform to underpin co-development across Santander’s operations
🔥 KPMG: Saudi enterprises moving fast on AI
76% expect AI to deliver enterprise-wide ROI within twelve months
🔥 UAE organisations lead world on AI agent adoption, study finds
97% embedding AI agents into workflows as agentic AI becomes core
Thursday, June 4th
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🔥 CNTXT AI acquires Actualize to expand Arabic voice agents
Deal targets GCC conversational AI market projected to reach $2.5 billion by 2034
Friday, June 5th
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Saturday, June 6th
🔥 du launches $50 million venture fund
Shorooq-managed fund targets AI, fintech and cybersecurity across MENA
[Written and edited with the assistance of AI]