OpenAI is poised to secure a massive $40 billion funding round, valuing it at $300 billion. 
The round is primarily led by SoftBank, alongside investors like Magnetar, Coatue, and Altimeter Capital. 
Funding will unfold in two stages, with SoftBank contributing a substantial $30 billion overall. 
This round significantly surpasses OpenAI&#8217;s previous $6.6 billion in October 2024. 
Investors are drawn to AI&#8217;s expansive potential, anticipating future breakthroughs from OpenAI.

Alareeb Holding acquires a 30% stake in engineering consultancy firm Pioneer Landmarks. 
The acquisition aims to strengthen Alareeb&#8217;s presence in Saudi Arabia&#8217;s consultancy and engineering sectors. 
Alareeb Chairman emphasises the importance of integrated solutions in the expanding Saudi market. 
Pioneer Landmarks&#8217; CEO highlights the partnership&#8217;s potential to enhance operational effectiveness and growth. 
This move aligns with Alareeb&#8217;s vision to expand and improve organisational performance in key sectors.

Nathan Myhrvold, Microsoft&#8217;s first CTO, reflected on the tech giant&#8217;s transformative impact at Microsoft@50. 
He compared today&#8217;s AI advancements to the early days of personal computers, full of potential. 
Myhrvold believes achieving true AI intelligence requires &#8220;three to five miracles&#8221; yet to come. 
He credits Microsoft&#8217;s strategic investments, like in OpenAI, for positioning the company as an AI leader. 
Though AI&#8217;s future is bright, Myhrvold dismisses doomsday predictions as mere storytelling.

OpenAI and Meta discuss potential AI collaborations with India&#8217;s Reliance Industries. 
Reliance, known for tech initiatives like Jio, attracts global tech giants into India&#8217;s digital economy. 
Talks are preliminary with no specific plans yet, but interest shows India&#8217;s strategic tech importance. 
Partnerships with Reliance could bring advanced AI technology to everyday Indian consumers. 
Despite excitement, it&#8217;s too early to predict the outcomes of these discussions.

Egypt is set to launch 5G technology by 2025, boosting internet speeds and reducing latency. 
All four major telecom operators will offer 5G, driving smart cities and IoT innovations. 
This rollout is expected to enhance Egypt&#8217;s ICT sector competitiveness and attract more investment. 
Significant collaborations, including Telecom Egypt with Vodafone and Huawei, support the 5G infrastructure. 
The initiative promises to improve Egypt&#8217;s digital landscape and quality of life.

Dubai will host &#8220;Fluidity 2025,&#8221; connecting GCC and Sub-Saharan Africa&#8217;s startup and tech sectors. 
Scheduled for April 7-8, 2025, it will focus on growth and innovation at Al Habtoor City. 
Prominent names like Microsoft and AWS will discuss Fintech, AI, and blockchain innovations. 
The event aims to boost trade, investment, and strategic cooperation between the regions. 
Dubai&#8217;s status as a global financial hub makes it the ideal venue for such a summit.

Egypt&#8217;s new mobile app &#8220;Investor Support&#8221; eases investor communication with government authorities. 
Currently on Android, the iOS version of the app is set to launch soon. 
The app allows investors to submit complaints and receive responses from the ministry. 
The initiative aligns with Egypt&#8217;s digital transformation goals to streamline business processes. 
Initial responses to the app are positive, but its real-world effectiveness remains to be seen.

Malaz is a marketing and business expert, founder of Mando AI—making AI-powered customer service accessible for SMEs. He also founded Arageek, the #1 tech magazine in MENA. Passionate about AI, tech, and innovation.

Malaz Madani

Malaz Madani, Author at Arageek

Home

Archives for Malaz Madani

Arageek: MENA&#039;s Tech Pulse — Web3, AI &amp; Startups

Arageek

https://cdn.arageek.com/en-magazine/Untitled-design-85.png

https://en-backend.arageek.com/wp-content/uploads/en-magazine/avatar_user_3_1742204357.jpeg