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Saudi Arabia and UAE invest in thousands of Nvidia chips, aiming to become global AI powerhouses

TechSpot

The Financial Times reports that Saudi Arabia has bought at least 3,000 Nvidia H100 GPUs, which Nvidia CEO Jensen Huang calls the first chip designed for generative AI. With its 14,592 CUDA cores, 80GB of HBM3 capacity, and 5,120-bit memory bus, it's priced at a massive $40,000. Read Entire Article

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BEYOND Expo 2025: NIP Group CEO Mario Ho sees a shift from esports’ “winter” to an era of transformation

TechNode

As the global esports industry recovers from a period of downturn, Ho said he sees the so-called “esports winter” not as a crisis, but as a necessary phase of transformation. NIP, a Nasdaq-listed international esports group, is leveraging this moment to diversify its ecosystem and accelerate its global strategy, he added.

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IOC approves first Olympic Esports Games in Saudi Arabia for 2025, a historic milestone for esports

TechNode

The 142nd International Olympic Committee (IOC) Session was held in Paris on Tuesday, during which a proposal was approved for the first edition of the Olympic Esports Games to be held in Saudi Arabia in 2025. She said she views hosting the 2025 Olympic Esports Games as a natural progression in opening Saudi Arabia to the world.

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Japan’s Terra Drone gets $14M lift from Saudi investors

TechCrunch

Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion The move comes in line with Saudi Arabia’s “Vision 2030” plan , which lays out goals to reduce the nation’s dependence on hydrocarbons and promote the use of drones in services.

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TamatemGames raises $11M Series B led by PUBG maker Krafton

TechCrunch

The startup will hire local talents in Saudi Arabia to expand further. The gaming industry is booming in Saudi Arabia, with about 70% of Tamatem’s users, Hammo noted. . Tamatem plans to continue expanding globally and hiring all kinds of talents from all over the world. . “We have employees in the U.S.,

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Sequoia Capital India, STV back Dubai-based BNPL provider tabby in $54M extension round

TechCrunch

Tabby , the Dubai-based buy now, pay later (BNPL) platform that lets users shop, pay later and earn cash from over 3,000 global brands, including Adidas, IKEA and Bloomingdale, has completed a Series B extension of $54 million. Its two main markets are Saudi Arabia and the UAE. What’s your BNPL startup really worth?

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Egypt’s SideUp raises $1.2M to grow its e-commerce support platform

TechCrunch

The startup has also expanded to Saudi Arabia, where it will be headquartered henceforth, after raising $1.2 This latest round had the participation of Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, Al Tuwaijri Fund and Saudi angel investor Faisal AlAbdulsalam. million seed funding.