OpenAI reportedly planning to build its first AI chip

OpenAI reportedly planning to build its first AI chip in 2026

In a strategic move to advance its artificial intelligence capabilities, OpenAI has partnered with Taiwan Semiconductor Manufacturing Company (TSMC) and Broadcom to develop an in-house AI chip, according to sources reported by Reuters. While initially considering the establishment of dedicated chip manufacturing facilities, OpenAI has reportedly set aside those plans, choosing instead to concentrate on designing a proprietary AI chip internally. This…

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Waed Ventures Earmarks $100 Million for Early-Stage AI Investments to Position Saudi Arabia as Global AI Hub

Waed Ventures Earmarks $100 Million for Early-Stage AI Investments to Position Saudi Arabia as Global AI Hub

Riyadh, Saudi Arabia – Wa’ed Ventures, the $500 million venture capital arm of Aramco, has announced a $100 million commitment to early-stage artificial intelligence (AI) investments, reinforcing Saudi Arabia’s ambition to establish itself as a global leader in AI. This significant move aligns with the Kingdom’s broader vision to position AI as a key economic driver, with…

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Generative AI and Fintech industry of Pakistan

Generative AI and Fintech industry of Pakistan

In the rapidly evolving landscape of financial technology (fintech), the integration of artificial intelligence (AI) has emerged as a key driver of innovation and transformation. Among the various AI technologies, generative AI stands out as a pivotal enabler, revolutionizing how fintech companies operate and deliver services. Generative AI, capable of producing new content or data…

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Best AI technologies that are significantly improving the FinTech industry of Pakistan

Best AI technologies that are significantly improving the FinTech industry of Pakistan

The role of AI technologies in Pakistan’s Fintech industry is pivotal, addressing unique challenges and opportunities within the region. AI-powered solutions facilitate financial inclusion by offering innovative services accessible through mobile devices, particularly in underserved rural areas. These technologies enhance security through fraud detection and risk management, leveraging vast transaction data to identify anomalies in…

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