The UAE’s energy giant ADNOC is pioneering the use of highly autonomous agentic AI in the energy sector through a partnership with G42, Microsoft, and AIQ, as announced by CEO Sultan Al Jaber at an industry event in Abu Dhabi. This move is part of a broader UAE strategy to reduce reliance on oil, with support from G42, which secured a $1.5 billion investment from Microsoft to fuel the nation’s tech industry diversification.
Agentic AI, viewed as the future of artificial intelligence, allows systems to operate independently and make proactive decisions. According to Jaber, this advanced AI will significantly enhance operations by analysing vast amounts of data, reducing seismic survey times from months to days, and improving production forecasts by up to 90%.
The UAE’s government is investing billions in AI, including regional language-specific chatbots, positioning the Gulf state to remain economically influential as global demand for oil wanes.
The Kremlin has called on Google to lift its restrictions on Russian broadcasters on YouTube, highlighting mounting legal claims against the tech giant as potential leverage. Google blocked more than a thousand Russian channels and over 5.5 million videos, including state-funded media, after halting ad services in Russia following its invasion of Ukraine in 2022.
Russia’s legal actions against Google, initiated by 17 Russian TV channels, have led to compound fines based on the company’s revenue in Russia, accumulating to a staggering figure reportedly in the “undecillions,” according to Russian media. Kremlin spokesperson Dmitry Peskov described this enormous number as symbolic but urged Google to take these legal pressures seriously and reconsider its restrictions.
In response, Google has not commented on these demands. Russian officials argue that such restrictions infringe on the country’s broadcasters and hope the significant financial claims will compel Google to restore access to Russian media content on YouTube.
Nvidia is seeking antitrust approval from the European Union for its planned acquisition of Israeli AI startup Run:ai valued at approximately $700 million. The European Commission has raised concerns that the merger could harm competition in the markets where both companies operate, prompting increased scrutiny of tech giants acquiring startups. This move reflects a broader regulatory trend aimed at preventing potential monopolistic practices in the tech sector.
Although the acquisition does not meet the EU’s turnover threshold for automatic review, it was flagged by Italy’s competition agency, which requested the EU to investigate further. The Commission has accepted this request, indicating that the transaction could significantly impact competition across the European Economic Area.
In response to the regulatory review, Nvidia expressed its readiness to cooperate and answer any questions regarding the acquisition. The company is committed to ensuring that AI technologies remain accessible across various platforms, emphasising its role as a leader in the chip industry, particularly for AI applications like ChatGPT.
Toyota and Nippon Telegraph and Telephone (NTT) plan to invest 500 billion yen ($3.27 billion) by 2030 to create an AI-driven platform to reduce traffic accidents. Announced in a joint statement, the Japanese automaker and telecom giant aims to launch the platform by 2028, using extensive data to support driver-assistance technology. This project, initiated amid rising pressure on Japanese automakers to compete in the autonomous driving space, is expected to enhance safety features such as improved visibility in urban areas and smoother expressway merging.
The companies intend the platform to benefit not only their own operations but also government and industry partners, setting a long-term goal to minimise traffic accidents. Toyota and NTT, who first collaborated on 5G-connected car technology in 2017, see this project as part of a broader vision for zero-accident mobility, aiming for widespread adoption by 2030.
Toyota’s existing investments in autonomous technology include Woven by Toyota, a unit established in 2021 focused on AI mobility. Woven by Toyota is also developing the Arene automotive software platform and Woven City, a testing hub in Shizuoka. As part of these advancements, NTT and Toyota also plan to test self-driving technology as early as 2025.
The Malaysia Digital Economy Corporation (MDEC) has signed two significant Memorandums of Understanding (MoUs) with Singapore’s Ascent and Indonesia’s Central Capital Ventura (CCV), aiming to attract up to RM200 million (approximately US$45 million) in capital investment. These strategic partnerships focus on fostering the growth of Malaysian startups in essential sectors such as fintech, healthcare, AI, and robotics while providing opportunities for access to international markets across Southeast Asia.
By emphasising development in key areas like AI, cybersecurity, blockchain, and digital finance, MDEC seeks to support local innovation and talent development, ultimately positioning Malaysia as a dynamic, digital-first nation. The commitment to nurturing local expertise and fostering entrepreneurship is crucial for enhancing Malaysia’s status as a leader in technological advancement within the region.
MDEC is dedicated to ensuring the effective implementation of these initiatives by working closely with Ascent and CCV. The collaboration will maximise the long-term benefits for Malaysia’s digital economy, addressing immediate investment needs while laying the groundwork for sustainable growth.
OpenAI is collaborating with Broadcom and TSMC to develop its first custom-designed chip, while supplementing its infrastructure with AMD chips alongside those from Nvidia to meet high computing demands. OpenAI initially considered establishing its own chip-manufacturing network but set the idea aside due to costs and time requirements. Instead, the company is focused on partnerships and in-house chip design to reduce costs, similar to strategies from industry giants like Amazon, Google, and Microsoft.
Broadcom’s stock rose 4.5% following news of the collaboration, while AMD shares gained 3.7%. The partnership will leverage Broadcom’s experience in fine-tuning chip designs for manufacturing and secure production capacity with TSMC, aiming for the first in-house chips by 2026. OpenAI’s increased use of AMD chips on Microsoft’s Azure platform underscores the growing competition Nvidia faces in the AI chip market, where it currently holds over 80% market share.
With soaring expenses from training and deploying models, OpenAI is seeking to streamline operations and cut compute costs. Nvidia remains an essential partner for OpenAI’s advanced Blackwell GPUs, even as OpenAI expands its chip sourcing to support more affordable, efficient AI development.
Morocco’s Panafsat and Thales Alenia Space have signed a memorandum of understanding (MoU) to build a high-capacity satellite telecommunications system to advance digital connectivity across 26 African countries, including 23 French-speaking nations. Signed during French President Emmanuel Macron’s state visit to Morocco, the agreement underscores the deepening partnership between France and Morocco.
Once in orbit, the satellite will provide very high-throughput services (VHTS) to around 550 million people across a vast area of 12 million square kilometres, addressing connectivity needs in underserved and remote regions. This project supports the digital transformation goals in programs like Digital Economy for Africa (DE4A) and Digital Morocco 2030, fostering economic growth and expanding access to essential services for governments, businesses, and communities across Africa.
Beyond meeting immediate connectivity needs, this initiative also positions Morocco as a digital leader in Africa as it prepares to co-host the 2030 FIFA World Cup. Morocco is demonstrating a commitment to modernisation and readiness for future growth by enhancing its technological infrastructure and bridging the digital divide. The collaboration with Thales Alenia Space empowers Morocco’s digital economy and contributes to broader efforts to create an interconnected and technologically resilient continent.
At TechCrunch Disrupt 2024, Ashton Kutcher, co-founder of Sound Ventures, shared his belief that every company will eventually incorporate AI, though he doubts there will be a single “winner” in the space. Kutcher emphasised the transformative potential of foundational AI models, which he views as essential to future innovation across industries. “There will not be a company in the world that is not, in some way, using AI,” he noted, adding that foundational companies in AI could become some of the most valuable in history.
Kutcher, alongside Sound co-founders Guy Oseary and Effie Epstein, explained that Sound Ventures is betting heavily on AI, with a $265 million fund backing major AI firms like OpenAI and Anthropic. Kutcher also shared that OpenAI’s CEO, Sam Altman, supported Sound’s multi-company AI investments, with the firm carefully maintaining confidentiality across its portfolio.
While some are apprehensive about AI’s rapid growth, Kutcher compared the technology’s potential impact to transformative past innovations like personal computers and cars. Advising founders, he highlighted the importance of strong teams over polished pitch decks, noting that real value lies in people, market insight, and breakthrough ideas.
AT&T has announced a $1 billion, multi-year agreement with Corning to procure fibre, cable, and connectivity solutions as it ramps up efforts to expand high-speed internet services. Facing a slowdown in the United States wireless market, AT&T and other telecom firms like Verizon are increasingly focusing on high-speed internet, traditionally dominated by broadband providers such as Comcast. The telecom giant aims to attract customers by bundling high-speed fibre with its wireless phone services at a discount.
The deal with Corning is expected to support AT&T’s network expansion by improving service performance and reducing deployment costs. AT&T reported that by the end of the third quarter, its fibre network was passing 28.3 million potential customer locations, with a target to exceed 30 million by 2025.
AT&T‘s fibre service added 226,000 new customers in the third quarter, short of forecasts due to a work stoppage affecting fibre installations in the southeast. Despite the challenges, the company remains focused on expanding fibre services to meet growing demand.
CelcomDigi and AmBank have formed a strategic partnership to revolutionise digital healthcare in Malaysia through a newly signed Memorandum of Understanding (MoU). That collaboration will deliver affordable digital healthcare solutions over the next three years, empowering healthcare providers with advanced tools and services that leverage AI to enhance patient care and healthcare delivery.
Under this partnership, CelcomDigi will provide essential connectivity, while AmBank will offer financial services such as specialised medical financing, loans, insurance, and payment solutions, making these innovations more accessible to healthcare institutions. The initiative will introduce various solutions, including Smart Health Kiosks for monitoring vital health metrics and Medi-Scan technology, which utilises AI for biometric assessments. The focus is particularly on improving healthcare access in underserved areas, addressing the historical limitations of quality healthcare in these regions.
The commitment to enhancing healthcare accessibility for all Malaysians aligns with the initiatives of the Malaysian Communications and Multimedia Commission to elevate the country’s healthcare system to a global standard. Integrating telecommunications and digital infrastructure is deemed essential to achieve this goal. Together, the organisations aim to create a more connected and inclusive healthcare ecosystem that supports predictive, preventive, and precision treatments, ultimately improving clinical outcomes for patients.
