openAI Archives

Amazon Allocates USD4 Billion To Advance Generative AI Tech for Customers

– Amazon makes its largest external investment ever, allocating $2.75 billion to Anthropic, a San Francisco-based AI startup. – Anthropic, known for its generative AI model Claude, competes directly with industry leaders OpenAI and ChatGPT....

by WAYA Staff - Apr 3, 2024

Tech

Microsoft Invests USD1.5 Billion in G42 for Global AI Advancement

– Microsoft injects $1.5 billion investment into Abu Dhabi-based G42, fostering a strategic partnership for global AI development. – The...

by WAYA Staff - Apr 18, 2024

Markets

IMF Boosts Saudi Economy Growth Forecast to 6% by 2025

IMF raises Saudi Arabia’s economic growth forecast to 6% by 2025, up from the earlier projection of 5.5%, with a...

by WAYA Staff - Apr 18, 2024

Money

UAE-based SME Fintech Firm Fortis Closes USD20 Million Series A funding Round

– UAE-based SME fintech firm, Fortis, successfully concludes a $20 million Series A funding round. – The funding, led by...

by WAYA Staff - Apr 17, 2024

Money

Verod-Kepple Africa Ventures Concludes USD60 Million Pan-African Venture Fund

Verod-Kepple Africa Ventures (VKAV) concludes its pan-African venture fund with a final close of US$60 million, focusing on scalable, tech-enabled...

by WAYA Staff - Apr 16, 2024

Energy

Egypt Embarks On Constructing Solar Power Stations Valued at USD20 Million

– Egypt announces plans for two solar power stations, worth a combined $20.60 million, financed by the European Union. – The...

by WAYA Staff - Apr 16, 2024

Money

UAE’s U-topia Raises USD850K in Funding

– UAE’s U-topia secures $850K in funding from GDA Capital for Web3 entertainment endeavors. – CEO Emmanuel Quezada leads U-topia’s...

by WAYA Staff - Apr 16, 2024

Money

EU Commits To Provide Egypt with 1 Billion Euros in Financial Assistance

– The European Union pledges 1 billion euros ($1.07 billion) in short-term financial aid to Egypt to support its economy....

by WAYA Media - Apr 15, 2024

Energy

Mubadala-backed Atvos Set to Build $69 Million Biomethane Plant in Brazil

– Atvos, backed by Mubadala, seals $69 million deal for the biomethane plant in Brazil. – First-of-its-kind biomethane facility by...

by WAYA Staff - Apr 15, 2024

Money

British Steel Secures Significant Rail Supply Contract in Egypt

British Steel secures multi-million-pound contract to supply rail infrastructure for Egypt’s Green Line railway, spanning 660km from the Red Sea...

by WAYA Staff - Apr 8, 2024

Markets

‘Reef Saudi’ Invests USD16.2 Million to Elevate Saudi Arabia’s Coffee Production

– ‘Reef Saudi’ injects $16.2 million to enhance Saudi Arabia’s coffee production, aiming to reach 7,000 tons annually by 2026....

by WAYA Staff - Apr 8, 2024

openAI

Amazon Allocates USD4 Billion To Advance Generative AI Tech for Customers

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