Author: Arabian Media staff

On Monday, Google announced the launch of its AI Futures Fund, a new initiative that seeks to invest in startups that are building with the latest AI tools from Google DeepMind, the company’s AI R&D lab.  The fund will back startups from seed to late stage and will offer varying degrees of support, including allowing founders to have early access to Google AI models from DeepMind, the ability to work with Google experts from DeepMind and Google Labs, and Google Cloud credits. Some startups will also have the opportunity to receive direct investment from Google.  “The AI Futures Fund doesn’t…

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Hubpay, a leading UAE-based FX platform, announced the launch of its digital business accounts that aim to smooth the corporate onboarding journey for thousands of businesses. The company said the initiative is also aimed at increasing UAE’s global trade with over 85 countries. The UAE is currently home to over 557,000 SME businesses, with a target to grow that number to over 1 million by 2030. The Hubpay Business Account brings a new solution to the market that is designed to reduce the business account processing time, which can currently take up to 3 months, causing critical delays in SMEs’…

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Rep. Gerald Connolly, ranking member of the U.S. House Oversight Committee, has initiated an investigation into whether expense management startup Ramp is receiving preferential treatment in its bid for a $25 million government contract. Connolly sent a letter to General Services Administration (GSA) Acting Administrator Stephen Ehikian demanding information and documents related to the GSA’s reported plans to award a contract for a pilot program to Ramp. News of the probe was first reported by ProPublica. Among Connolly’s biggest concerns are that Ramp allegedly has “zero federal contracting experience” and its investors include a number of Trump allies and supporters.…

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UAE-based venture builder Disrupt.com announced a $100 million commitment to build and back AI-first technology ventures globally. The firm’s $100 million commitment targets five strategic sectors: artificial intelligence as a cross-cutting theme, plus cybersecurity, Web 3.0, automotive technology, and retail innovation. The company said it primarily targets pre-seed to Series A stage startups that demonstrate strong organic growth potential and clear paths to profitability. The announcement comes as regional funding has declined sharply, with MENA venture capital investment down 29 per cent to just under $2 billion in 2024, according to Magnitt. Global AI venture funding Disrupt.com said its current…

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Hungry to learn more about Anthropic, directly from Anthropic? You aren’t alone if so, which is why we’re so delighted to announce that Anthropic co-founder and Chief Science Officer Jared Kaplan is joining the main stage at TechCrunch Sessions: AI on June 5 at UC Berkeley’s Zellerbach Hall. And TechCrunch Sessions: AI is right around the corner! To celebrate the chance to broaden the AI community, we’re offering a limited-time discount on our tickets. For just $292 you can get access to our entire day of programming and networking — and if you bring a friend, that second ticket will be…

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GEMS Education has launched the “Next Billion Innovation” startup fund, a new initiative designed to empower and support GEMS students in delivering the next big solutions with the potential to make a global impact. The $1m fund will initially be made available to students at GEMS’ newest school, GEMS School of Research and Innovation (SRI), opening in Dubai in August 2025. SRI pupils will also have priority access to hands-on support and direct pathways to global startup ecosystems thanks to GEMS’ partnership with innovation platform Plug and Play Tech Centre, which provides an incubator programme for the most promising student…

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