Basil Fateen

Exciting news! Verse Innovation has launched WISE, the game-changing AI tool for content creation in MENA! Simply put, this ground-breaking content generation technology with the tool's proprietary AI engine supporting interoperability with leading Language Models such as GPT-4, GPT-4 Turbo, PaLM, LlaMa 2, Gemini Pro, Whisper AI, DALL-E, Midjourney, and more, crafts versatile and up-to-date content. In an era where digital presence is paramount, WISE Tailored Solutions emerges as a versatile tool designed to cater to a wide range of content creation and marketing demands. This advantage stems from its training on 200,000 hours of diverse multilingual media content, covering English, Arabic and 22 Indian languages, and an extensive 25-year archive. This unique foundation allows WISE to provide content that maintains brand consistency by understanding a brand's tone, tonality, and target audience comprehensively. We are open for subscriptions! Contact us on ops@bmegme.com if you have any queries or would even like a demonstration. #VerseInnovation #WISE #AI #ContentCreation #BrandMarketing #TailoredSolutions #DigitalPresence #MultilingualContent #BrandConsistency #Marketing #BMEGME  BMEG Global Sunil Kumar Mohapatra Ravanan N Tony Thomas Jobo Kuruvilla https://lnkd.in/dmGG9VzE

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AI's Future Is Being Forged By the US and the UAE via Bloomberg 1) The UAE is working with the US and other partners to write a new playbook for AI. 2) This involves resetting government regulations, reimagining public-private sector collaboration, and reshaping UAE's relations in the world. 3) The UAE will dedicate hundreds of billions of dollars toward AI in many areas including healthcare, education and climate. 4) The UAE has provided financial backing for both established tech companies and promising startups, many of them located in the US. 5) The UAE’s AI sector is among the world’s most advanced. The UAE appointed the world’s first AI minister in 2017; created MBZUAI the first dedicated AI research university in 2020, launched Falcon, a top-rated open-source large language model last year, has quadrupled its multinational AI workforce over the last 3 years. 6) This month Microsoft announced a $1.5 billion investment into UAE's leading AI tech company G42, to advance regional AI solutions, develop the AI workforce, and expand data-center capacity around the world. 7) Mubadala, UAE's leading sovereign wealth fund, has had a 17-year investment in New York-based GlobalFoundries and G42 and California’s Cerebras Systems have joined forces to build the world’s largest supercomputer for AI training. #artificialintelligence #AI #UAE Technology Innovation Institute MBZUAI (Mohamed bin Zayed University of Artificial Intelligence)

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The recent Leap conference in Riyadh heralded a new era for Saudi Arabia's tech ambitions, drawing tech giants like Amazon, Google, and TikTok. The kingdom's $100 billion AI fund and partnerships with firms like Andreessen Horowitz underscore its bid for global AI leadership. At Leap, Amazon announced a $5.3 billion investment in Saudi data centers and AI—an exciting move for our future plans in the AI landscape. This aligns perfectly with Crown Prince Mohammed bin Salman's Vision 2030, aimed at diversifying Saudi Arabia's economy through tech innovation. While challenges exist, such as geopolitical concerns and cultural differences, Saudi Arabia's unwavering commitment to tech is inspiring. Programs like GAIA, backed by a $1 billion investment, offer exciting opportunities for international start-ups to contribute to visionary AI projects. To delve deeper into this transformative journey and understand the full scope of Saudi Arabia's tech ambitions, read the full article from The @‌New York Times here >> https://lnkd.in/ehfyds_6 We are witnessing history in the making and I look forward to exploring the boundless possibilities of Saudi Arabia's tech renaissance. #AI #TechRevolution #Saudi #Innovation #Investment

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Eye opening talk by H.E. Younus Al Nasser at Data Innovation Summit MEA on #DigitalDubai [https://lnkd.in/db2yFzUx] The vision to transform Dubai into a Digital Powerhouse, here are some key points that resonated with me during the talk. Turning Dubai into a digital city, where everything is digital first. Those of us living here see this everyday how govt. services we used are now completely digital. ▪️Registration of a car ▪️Getting a license ▪️Renewing a license ▪️Paying utility bills ▪️Renting, buying and selling property and a lot more - over past few years have all gone fully digital. I thought this was the end- but seems #DigitalDubai is just getting started 🚀! 𝗚𝗿𝗮𝗻𝗱 𝘃𝗶𝘀𝗶𝗼𝗻 Younus spoke about a grand vision to scale infrastructure 10x and shifting from centralized to decentralized data management. Few examples of new grand projects and enriching already digitized services: 🔍 𝗣𝗼𝗽𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗡𝗼𝘄: 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗖𝗲𝗻𝘀𝘂𝘀 🔍 🔹 A project to digitally do census of the whole population in real-time! 🔹 That will include categorize the population by various demographics by multiple categories. 🔹 Traditionally census takes years to complete for an entire population 🔹 With this, Dubai can see the flow of tourism, residents in real time 🚀 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝟭𝟬𝟬𝗠 𝗔𝗘𝗗 𝗶𝗻 𝗔𝗜-𝗣𝗼𝘄𝗲𝗿𝗲𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 🚀 🔹 Developing 50 impactful services using AI 🔹 Integrating public and private customer journeys into seamless experiences 🔹 Developing a unified KYC framework to streamline verification processes across all sectors, eliminating redundant efforts and questions Example: Obtaining a driver's license ▪️Opening a learner file and undergoing training ▪️Completing the test and receiving driver's license ▪️Buying a car, registering it with the RTA, and driving on the road All these separate entities, but now that they are all digital, creating a 'journey' to facilitate customers moving from one portal to another seamlessly. In organizations these are called ERP systems - which takes years to setup. With the modular approach and Digital Dubai has delivered so far, pretty confident they will pull this off - What an amazing example of transformation! ⚙️ 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗘𝗻𝗮𝗯𝗹𝗲𝗿𝘀 ⚙️ There is a lot of ground work that has happened to facilitate all these initaitives. A few that I could note down: 🔹 Revolutionizing data classification with AI models, reducing the classification exercise from 2 months to just 60 seconds! 🔹 Creating synthetic data to train AI models while preserving core characteristics - feeding AI models a variety of data 🔹 Publishing legislation for raw data exchange under Dubai Pulse which includes 1200 data sets available already, with plans to add 4,000 more Digital Dubai is at the forefront of creating a smarter, more efficient future. As is Sheikh Muhammad Bin Rashid's vision: Let's build a better tomorrow, today! 🌐

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🔝Where does the🕌Middle East stand in the global 🦾AI funding race❓ The #UAE and 🇸🇦Saudi Arabia are at the forefront of attracting more #capital to power their #AI ambitions 🕌Middle East #investment funds have the potential to become global players in the booming #artificialintelligence space, given their vigorous push in the advanced #technology sector, according to experts. International investors are particularly taking notice as the region targets untapped markets, clarifies government policies to create advanced tech-friendly environments and integrate AI into all aspects of the private and public sector, industry experts say. Consultancy PwC had estimated the region’s future slice of the world’s AI market at 2 per cent – $320 billion – by 2030. Yet this was predicted about six years ago, before the region attracted billions and sealed partnerships with major western tech leaders such as #Oracle and #Amazon. Most recently, in April, Microsoft entered a $1.5 investment and #partnership with the UAE’s leading AI entity G42. The UAE and Saudi Arabia are at the forefront, as the Arab world's two biggest economies that have focused on diverting away from oil and gas reliance, in pursuit of being recognised as global hubs for tech entrepreneurship and innovation. Global corporations seeking to tap into the region’s anticipated future influence are acting on the offerings. “Compared to global counterparts, Middle Eastern AI funds are still nascent … [but] the growth is expected to be significant,” Mohammed Soliman, director of the strategic technologies and cybersecurity programme at the Washington-based Middle East Institute think tank, told The National. He said that “the region offers a compelling case for AI investors”, as “governments are actively supporting AI development through funds and initiatives”. This is shifting the gaze of global tech heads who are looking to connect to the Middle East and further, said Mr Soliman. Read More…

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Are chatbots dead? 🤖 Check out our take on the latest conversation with Fintech Surge and Ornella Hernandez on the new form of relational commerce and what that means for the digital customer journey:

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Microsoft to invest $1.5 billion in G42! US software giant Microsoft has invested $1.5 billion in Abu Dhabi's #AI powerhouse G42, according to a report in the New York Times today. The strategic investment cements the partnership between the two technology companies and adds Microsoft vice chair and president Brad Smith to the G42 board of directors. This investment clearly bolsters the UAE’s position as a global AI hub, and will likely be seen as a vote of confidence from US tech for Abu Dhabi's own investments in AI. As stated in the company's press release, G42 will run its AI applications and services on Microsoft Azure and partner to deliver advanced AI solutions to global public sector clients and large enterprises. G42 and Microsoft also plan to work together to bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa, providing nations with "equitable access to services to address important governmental and business concerns" while ensuring the highest standards of security and privacy.  Read my analysis on 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗔𝗜 𝗡𝗲𝘄𝘀: https://lnkd.in/d7a5SqQy Read the G42 press release: https://lnkd.in/eNF-TQnV See the Microsoft press release: https://lnkd.in/eCNs4xGY See the Reuters story: https://lnkd.in/eNT8T7Rr See the original New York Times story (paywall): https://lnkd.in/epuik2Rk See the Bloomberg story (paywall): https://lnkd.in/das-pSbC 𝘞𝘢𝘯𝘵 𝘵𝘰 𝘴𝘦𝘦 𝘈𝘓𝘓 𝘮𝘺 𝘧𝘶𝘵𝘶𝘳𝘦 𝘱𝘰𝘴𝘵𝘴? 𝘊𝘭𝘪𝘤𝘬 🔔 𝘰𝘯 𝘮𝘺 𝘱𝘳𝘰𝘧𝘪𝘭𝘦 𝘱𝘢𝘨𝘦. Want to receive my weekly news digest straight to your inbox every Thursday morning? https://lnkd.in/dij4qFi5 Trying to position your tech venture as a leader in its space? That's what I do! https://lnkd.in/dwQ5JMtm #MiddleEastAINews (Image: //lnkd.in, CEO of G42)

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In Tahseen Consulting's #MENA+ #techpolicy insight, you'll read about the #UAE’s DUBAI FUTURE FOUNDATION launching the One Million Prompters initiative, IBM working with #SaudiArabia’s SDAIA | سدايا on an #opensource Arabic LLM, #Egypt’s EFG Holding buying a stake in #Denmark’s KENZI, Punjab’s social media defamation law facing pushback in #Pakistan, Apparel Group opening 200 R&B Fashion stores in the #GCC and India, #MENA startups raising #VC funding despite push for profitability, #Vietnam asking manufacturers like Foxconn to reduce power use, #SoutheastAsia Q1 #PE deal value ▲ 31%, and #India developing an AI #foundationalmodel. 🇦🇪 #UAE First Abu Dhabi Bank (FAB) in talks to acquire Koç Holding's stake in Yapı Kredi 🇸🇦 #KSA   Principal Buyer | Saudi Power Procurement Company to set record for lowest cost wind power 🇪🇬 #EGYPT Huawei launches Arabic #LLM, #datacenter for 28 countries in #Africa 🇵🇰 #PAKISTAN is considering a #startup tax exemption 🌍 #GCC UAE-listed banks lead with 5.6% QoQ growth 🇰🇼 #KUWAIT to pursue key reforms with National Assembly pause 🌏 #SoutheastAsia Temasek, Warburg Pincus LLC buy Specialist Risk Group for $1.3B 🇮🇩 #INDONESIA #OTT platforms oppose #broadcasting bill 🇮🇳 #INDIA $1T #digitaleconomy target pushed to FY28

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🔮 Future Predictions: Battling Big Tech on the AI Frontier 🌐 As we traverse the maze of an AI-fueled world, global landscapes are shifting, and the UAE is not one to sit on the sidelines. The government-backed Technology Innovation Institute

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Join my keynote session at 10:45 am tomorrow at the Next Tech Summit, organized by MIT Sloan Management Review - Middle East, where I will delve into how LLM and LAM are seamlessly integrated to create an "Ultra" AI working model Botim. #AAS #Botim #NextTechSummit

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Groundbreaking partnership between Microsoft and G42, a leading #AI technology company based in the #UAE. 🌍 This marks a major milestone for both companies and deepens their long-standing collaboration, focusing on bringing advanced AI technologies and skilling initiatives to the UAE and beyond. 🔒 G42 and Microsoft are committed to empowering organizations worldwide with AI and cloud solutions that adhere to the highest safety and security standards. Their collaboration is backed by an Intergovernmental Assurance Agreement (IGAA), ensuring the secure and responsible development of AI in alignment with US and international regulations. 👨‍💼 👩‍💼 Skilled Workforce Development: A whopping $1B is being invested in a development fund to nurture a diverse AI talent pool. 🤝 Brad Smith, Vice Chair and President of Microsoft is joining the G42 Board of Directors. 📰 Official annoncement here: https://lnkd.in/epnHBgyw to learn more about this partnership and the future of AI. 📰 Blog post from Judson Althoff, Executive Vice President and Chief Commercial Officer of Microsoft: nhttps://lnkd.in/eVvbbTDp 👏 👏 Congratulations to all the teams involved in this inspiring partnership!! Amit Batra, Ruthy Kaidar, Elena Bonfiglioli #G42 #Microsoft #AI #Cloud #Innovation

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🌟 Embracing the Future: AI & ML's Role in MENA's OTT Evolution 🌐 The OTT industry in the MENA region stands at a crossroads of opportunity, with Generative AI and Machine Learning (ML) paving the way for a new era of digital entertainment. Global examples have shown the tremendous impact of these technologies, and it's time for MENA's OTT players to harness this potential. Here's why: 🔍 Enhanced Personalization: Netflix's ML-driven recommendations suggest that embracing AI can lead to 80% of content streamed being driven by personalized suggestions. For the diverse and unique tastes of MENA audiences, such personalization can significantly boost viewer engagement and retention. 🎬 Streamlined Production: Tools like Runway ML demonstrate how AI can revolutionize video editing, making content production faster and more cost-effective. This is crucial for MENA OTT platforms looking to scale up local content offerings without compromising on quality. 📈 Market Growth Potential: With one of the youngest populations globally, the MENA region presents a rapidly growing digital audience hungry for content. AI and ML can help OTT platforms analyze and predict viewing trends, ensuring they meet market demands and stay ahead of the competition. 🗣️ Multilingual Support: AI's ability to provide real-time localization, as seen with iQIYI's subtitling and dubbing capabilities, can help MENA platforms break language barriers within the region, offering content in a plethora of languages and dialects, from Arabic to French and beyond. 🛡️ Anti-Piracy Measures: Disney's ML approach to content protection is especially pertinent in MENA, where piracy is a pressing issue. AI can help safeguard intellectual property and ensure fair revenue for content creators. 🌐 Global Reach: As MENA OTT platforms look to expand beyond regional boundaries, AI can help tailor content for global audiences, making regional productions internationally accessible and amplifying the reach of MENA's rich storytelling heritage. The evidence is clear: AI and ML are not just reshaping the global OTT landscape; they are key to unlocking the full potential of the MENA entertainment market. By adopting these technologies, MENA's OTT players can enhance user experience, optimize operations, and secure their content, all while driving growth in a diverse and dynamic region. Are you part of MENA's OTT transformation? Let's collaborate and propel the industry into a future where technology meets tradition, and where content knows no boundaries. #MENA #OTT #Streaming #AI #MachineLearning #ContentPersonalization #MediaTech #DigitalTransformation #Localization #AntiPiracy #TechInMedia #FutureOfEntertainment

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Wow, this article on Pitchbook caught my eye. Generative AI is having a moment in the Middle East, and it's not surprising! There's been a massive surge in VC deals for generative AI startups, and it's clear that the region is emerging as a major player in this space. Think about it, government support is booming, and businesses and consumers alike are chomping at the bit to adopt this new tech. It's a perfect storm for innovation. Saudi Arabia's $40 billion AI fund is a great example - that kind of cash injection is sure to accelerate development. The UAE is also going big with their council for AI innovation. I'm really excited to see how this trend continues to unfold. The Middle East has the potential to become a global hub for generative AI, and it will be fascinating to see what kind of groundbreaking applications emerge from the region. #generativeAI #AI #MiddleEast

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How Microsoft's billion-dollar bet on G42 spotlights the UAE's AI ascension Main Points: Microsoft's $1.5 billion #investment in G42 in #AbuDhabi highlights the Middle East's growing stature as a regional leader in global #technology. The #UAE and #SaudiArabia are leading the charge, attracting attention and #investments from major #tech companies like Oracle, Google, and Amazon. Trickle-down effects in the UAE are evident, with advanced tech companies experiencing significant growth in local stock markets. Partnership between ADNOC Group, G42, and Presight aims to accelerate #AI solutions for the energy sector, with Presight acquiring a 51% stake in AIQ, a joint venture with Adnoc. Bayanat and Presight, among the #UAE's largest advanced #tech companies, saw significant stock market surges following the Microsoft deal, reflecting investor confidence. Investments in Middle East #tech have grown, with global companies establishing #cloud and #datacenters in the region, including Microsoft's plan for a #datacenter in #SaudiArabia. The UAE's AI strategy aims to integrate smart #digital solutions across sectors, attracting #investments and leading to #IPOs of home-grown tech companies like Bayanat and Presight AI. The UAE's potential for global AI leadership attracts investments from China and the US, with Microsoft's investment seen as countering China's influence in the region. The UAE's growing reputation in the global tech world is enabling budding technology companies to flourish, attracting talent and boosting credibility. Microsoft's investment in G42 includes a $1 billion fund to support developers, fostering the development of a skilled and diverse AI workforce and positioning the UAE as a global AI hub. via The National News to read the article https://lnkd.in/dxgTegdU

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New initiatives and collaborations are rising to make UAE as the global leader in AI. Powerful efforts in the age of AI competition to tighten the cooperation between UAE and US. As far as I'm concerned, 3D computer Vision and Robotics along with Edge AI will be the game changer for the fast AI adoption in different use cases for the industrial automation. #artificialintelligence #collaborations #investments #UAE #US #innovation #robotics #computervison #industrialautomation #edgeai

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**Dubai's AI Revolution: 22 Chief AI Officers Appointed** Dubai's Crown Prince has appointed 22 Chief AI Officers to transform the emirate into a global hub for AI-enabled government operations. As part of the Dubai Universal Blueprint for Artificial Intelligence (DUB.AI), these officers will spearhead specialised plans and programs to: - Enhance residents' quality of life through AI and advanced technology - Establish Dubai as a leader in AI governance and legislation - Boost Dubai's ranking in the Global AI Readiness Index - Facilitate AI adoption across strategic sectors This initiative positions Dubai as a pioneer in AI-driven governance, shaping the future of government operations through the power of innovation. Read more here 👇 : https://lnkd.in/de66RfZC Follow me for more up-to-date insights.

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