Dubai AI Campus, the largest dedicated cluster of AI companies in the region at the DIFC Innovation Hub, and Google Cloud, announced on Thursday a collaboration agreement aimed at fostering the growth of the startup ecosystem within the Dubai AI Campus.
The collaboration seeks to leverage Google Cloud’s expertise and resources to empower startups in the region and accelerate their expansion.
The Dubai AI Campus is a dedicated ecosystem for AI and Web3 innovation providing state-of-the-art physical and digital infrastructure at the heart of Dubai International Financial Centre. The Campus includes R&D facilities, accelerator programmes and collaborative workspaces, to attract, build and scale startups in the region.
Under this collaboration, Google Cloud will offer mentorship opportunities for selected startups within the Dubai AI Campus, and work with the Campus on programmes such as Google Cloud’s Gen AI Startup School.
Furthermore, Google for Startups Cloud Programme will also give early-stage startups in the Dubai AI Campus ecosystem access to numerous Google resources designed for early-stage startup founders to help unlock the potential of Google Cloud, including its latest innovations in AI.
Kuwait Petroleum Corporation (KPC) has plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO, Sheikh Nawaf Saud Al-Sabah.
In a first for the UAE, the Ministry of Finance has launched the Sovereign Retail T-Sukuk Programme, giving citizens and residents access to a government-backed, Shariah-compliant investment opportunity.
Emirates Airline has introduced the world's first conflict cover for travel that includes medical reimbursement of up to $25,000, hotel stays "during airport closures" and a free trip extension of up to 30 days, offering travellers "greater peace of mind".
Dubai International Airport (DXB) is likely to make an 80-85 per cent operational recovery by the end of 2026 following the regional developments, announced CEO of Dubai Airports Paul Griffiths.
Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure.