G42, Cerebras unveil world’s largest supercomputer for AI training, deal worth $100m

Broadcom to acquire VMware after EU okays deal

• The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.
• As a remedy, Broadcom offered interoperability commitments to rival Marvell Technology and any other potential competition.

Yahsat to invest US$100m

• The program, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025.
• The total cost of the program is up to $550 million, including manufacturing, launch, insurance and new ground infrastructure.

OECD urges wealthy nations to prepare for ‘AI revolution’ impact

• "While there are many potential benefits from AI, there are also significant risks that need to be urgently addressed," said the OECD
• The OECD said it was "vital" to gather better data on AI uptake and use in the workplace, and its effects on the job sector

UAE bolsters AI integration to boost competitiveness

• UAE renews commitment to embracing artificial intelligence solutions across various sectors, says UAE minister Omar bin Sultan Al Olama
• The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," he adds

AI ‘disrupts economy’ but Middle East optimistic

• An overwhelming 78 percent of respondents are confident that the rewards of GenAI outweigh the risks
• 76 percent of all respondents believe that AI-specific regulations are necessary to manage the risks

Dubai’s RTA digital channels generate revenue of US$953m in 2022

• RTA launched a feature that allows users to instantly access their vehicle registration cards for virtual displays upon request.
• In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate of 20 percent.

Ant Group to buyback shares

• The China Securities Regulatory Commission (CSRC) on Friday slapped a $984 million fine on Ant and its subsidiaries "in view of... illegal and irregular acts".
• Ant operates Alipay, the world's largest digital payments platform, which boasts hundreds of millions of monthly users in China and beyond.

Facebook hands US users controls over fact-checked content

• Fact-checked posts can be made less visible with an option called "reduce more", which means the posts "may be moved even lower in feed so you may not see them at all".
• Another option labeled "don't reduce" triggers the opposite effect, moving more of this content higher in their feed, making it more likely to be seen.

Meta launches Twitter rival Threads, 10m sign-ups in first few hours

• Threads is the biggest challenger yet to Elon Musk-owned Twitter, which has seen a series of potential competitors emerge but not yet replace it.
• Celebrities such as Jennifer Lopez, Shakira and Hugh Jackman, as well as media outlets including The Washington Post, Reuters and The Economist join.