Saee, a KAUST-supported Saudi startup based in Jeddah, aims to disrupt last-mile delivery in Saudi Arabia by addressing challenges like delays and cash-on-delivery (COD) issues. They offer services such as fast COD consolidation, flexible dispatch to freelancers, and warehouse management. Saee also introduces a new concept called Cash Before Delivery (CBD) to improve cash flow for e-commerce platforms. Why it matters: This aims to solve a key bottleneck for e-commerce growth in Saudi Arabia, where COD is prevalent and creates financial inefficiencies.
MBZUAI has released Jais and Jais-chat, two new open generative large language models (LLMs) with a focus on Arabic. The 13 billion parameter models are based on the GPT-3 architecture and pretrained on Arabic, English, and code. Evaluation shows state-of-the-art Arabic knowledge and reasoning, with competitive English performance.
Based solely on the title, Korea and the UAE recently held an AI Infrastructure and Semiconductor Investment Forum. The event's stated focus was on "AI Ecosystem Cooperation" between the two nations. This initiative aims to explore joint opportunities in developing crucial AI hardware and infrastructure. Why it matters: This forum indicates a strategic move by both countries to enhance bilateral collaboration in foundational technologies essential for advancing the AI landscape in the Middle East and beyond.
Galaxy Corporation, a South Korean AI and metaverse company, has officially launched its operations in the UAE. This strategic move aims to bolster the UAE's burgeoning AI media ecosystem and leverage the country's advanced digital infrastructure. The company intends to capitalize on the UAE's supportive regulatory framework and strategic location for regional expansion. Why it matters: This development underscores the UAE's increasing appeal as a global hub for advanced technology companies, contributing to its economic diversification and leadership in digital innovation.