News
Merak Capital Leads $1. 65 Million Round in Hakeem Health to Bring AI Clinical Decision Support to GCC Hospitals
2+ hour, 33+ min ago (243+ words) Merak Capital, a Saudi-based multi-strategy investment firm managing over SAR 3 billion across ten funds, has led a $1. 65 million investment round in Hakeem Health, alongside Sanabil 500. Hakeem Health develops Hakeem Dx, an AI-powered clinical decision support platform. It integrates with hospital…...
Open AI and Anthropic Are Building the Same Thing at the Same Time. That Matters.
5+ day, 1+ hour ago (369+ words) Backed by billions and Wall Street firms, two of AI's biggest players are racing to turn adoption into revenue ahead of potential IPOs Open AI and Anthropic are moving in parallel, forming separate joint ventures with major financial institutions to…...
Cursor AI Agent Wipes Pocket OS Database in Seconds - WAYA
1+ week, 2+ hour ago (441+ words) Cursor AI Agent Wipes Pocket OS Database in Seconds, Exposing Risks in Autonomous Systems A rogue AI coding agent deleted a company's production database and backups in nine seconds, raising serious questions about how safely businesses are deploying AI into…...
COLABS Raises Over USD 8 M & Launches Workspace Campus in Riyadh. Demand for Flexible Workspaces Grows Among Startups and SMEs
2+ week, 5+ hour ago (431+ words) COLABS is entering Saudi Arabia at a moment when demand for startup infrastructure is scaling as fast as the ecosystem itself. Saudi Arabia's startup ecosystem is no longer defined by capital alone. The next phase is about infrastructure, where companies…...
Anthropic Launches Claude Design. Adobe and Figma Shares Dip After the Launch
3+ week, 1+ hour ago (390+ words) Anthropic is expanding beyond chat into design, introducing a new AI platform that allows users to create full visual outputs through conversation. Design has long been gated by tools, skills, and time. Claude Design signals a shift toward making high-quality…...
Prosperity7 Joins Neu Bird AI's USD 19. 3 M Round. Enterprise AI Infrastructure Is Getting Backed Early.
1+ mon, 1+ day ago (501+ words) US-based Neu Bird AI has raised USD 19. 3 million with participation from Prosperity7 Ventures, signaling continued investor conviction in foundational AI infrastructure rather than just applications. The focus is shifting toward the layer beneath AI. Capital is increasingly moving toward companies building…...
Saudi Arabia Eyes USD 5 B Stake in Space X IPO. The Region Is Moving Deeper Into AI and Space
1+ mon, 5+ day ago (569+ words) Space X is lining up anchor investors for what could be a USD 75 billion IPO, with Saudi Arabia's PIF in early talks to take a major position. A potential USD 5 billion bet from Saudi Arabia's Public Investment Fund into Space…...
Big Tech in the Middle East Face a New Reality: Being Treated as Critical Infrastructure
1+ mon, 1+ week ago (508+ words) A direct threat against global tech firms signals a shift: data centers and AI infrastructure are no longer neutral assets. Tech infrastructure is no longer sitting on the sidelines of global conflict. This is a signal of where the region…...
Claude Can Now Control Your Computer for Task Automation
1+ mon, 2+ week ago (248+ words) The AI giant, Anthropic," added a major upgrade to its Claude large language model, giving it the ability to perform tasks on a user's computer. The update is part of Claude Code and Claude Cowork tools. It allows the AI…...
Open AI Eyes USD 10 B Raise with MGX Among Investors
1+ mon, 2+ week ago (296+ words) The AI giant, Open AI is lining up another massive capital injection, as the artificial intelligence race continues to demand deeper pockets and faster execution. The company is nearing a deal to raise around USD 10 billion from a group of…...