News
Abu Dhabi’s G42 to build nation-scale AI supercomputer for India
1+ hour, 46+ min ago (105+ words) The project, announced on the sidelines of the AI Impact Summit taking place in New Delhi, will be delivered in collaboration with U.S. AI company Cerebras Systems Press Information Bureau /Anadolu via Getty Images Indian Prime Minister Narendra Modi meets with…...
The Daily Circuit: Saudi HQ rule softened + More PIF cash for LIV Golf
1+ hour, 55+ min ago (86+ words) In today's Daily Circuit, we report on the Saudi Public Investment Fund's new cash injection for LIV Golf, the hundreds of millions of dollars invested in private credit firm 5C by the QIA, Cairo's plans to build a fourth airport terminal,…...
The Daily Circuit: G42’s India AI drive + Saudi Arabia’s new game studio
5+ day, 10+ hour ago (87+ words) In today's Daily Circuit, we're reporting on the UAE's AI startups attracting the most venture capital in the Gulf last year, Mubadala Energy acquiring 15% in Egypt's Nargis Offshore Area, Saudi Arabia buying the Turkish gaming studio behind "Pixel Flow!" and…...
The Daily Circuit: Humain’s xAI deal + DP World sells Jeddah Port stake
6+ day, 10+ hour ago (87+ words) In today's Daily Circuit, we're reporting on Abu Dhabi's ADI Foundation's plans to spread digital infrastructure in developing world, an operator of luxury yacht marinas in the UAE being put up for sale, signs that Riyadh Air is drawing closer…...
MGX mulls major investment in Anthropic's $20B funding round
2+ week, 1+ hour ago (77+ words) MGX mulls major investment in Anthropic's $20B funding round'circuit.news The financing effort, which would value Anthropic at about $350 billion, has attracted support from Singapore's GIC and other institutional backers Abu Dhabi-backed investment firm MGX may be close to putting hundreds…...
fundraising round Archives
2+ week, 5+ hour ago (115+ words) Abu Dhabi-backed investment firm MGX may be close to putting hundreds of millions of dollars into AI startup Anthropic as part of a massive fundraising round expected to top $20 billion. The round, which would value Anthropic at about $350 billion, has…...
Clear Channel Archives
2+ week, 21+ hour ago (989+ words) Saudi team owners and soccer fans are waiting breathlessly to discover whether reports are correct that Cristiano Ronaldo will end his two-match boycott this coming weekend amid disputes with his Al-Nassr football club and league officials. The Riyadh team's star…...
The Daily Circuit: Saudi fans await Ronaldo return + Mubadala Capital buys Clear Channel
2+ week, 1+ day ago (86+ words) In today's Daily Circuit, we report on Mubadala Capital's $6.2 billion deal to buy Clear Channel'Outdoor Holdings with partner TWG Global, the $1 billion in deals signed by Saudi EV maker CEER to source materials from inside the kingdom, Qatar's postponement of…...
Kazakhstan to host Asian Winter Games after Saudi setback
2+ week, 5+ day ago (96+ words) Kazakhstan to host Asian Winter Games after Saudi setback'circuit.news Saudi Arabia and the Asian Games Council agreed in January to find a substitute host because of delays in Neom's $38 billion Trojena ski resort On-screen presentation of Saudi Arabia's Trojena…...
Mideast venture capital funding jumps to record $3.8 billion
1+ mon, 1+ week ago (91+ words) Mideast venture capital funding jumps to record $3.8 billion'circuit.news Much of the growth in VC money for Mideast startups came from foreign investors, with Saudi Arabia and the UAE drawing the largest share Jeannette zu Furstenberg, founding partner of La…...