The Gulf’s thirst for AI

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Tech Across the Globe

Musk’s AI glitch: Elon Musk’s AI chatbot Grok began citing controversial theories about “white genocide” in South Africa after “unauthorized modification” to its technology, parent company xAI said in a social media post late last week.

Amazon’s drone glitch: Five months after a December crash involving two Amazon delivery drones, a more detailed explanation of what happened is starting to emerge. Faulty readings from lidar sensors made the drones think they had landed, prompting the software to shut down the propellers.

CATL’s glitch-free debut: The world’s biggest EV battery maker, Contemporary Amperex Technology Co.,  is set to start trading in Hong Kong on Tuesday after raising $4.6 billion in its secondary listing. The stock was sold at HK$263 apiece — the maximum price the shares were marketed at — and the size of the sale was increased 15% to meet demand.

Revalued

Nvidia’s stock rallied last week and is on track for the best month in a year after a series of long-term sales agreements during President Donald Trump’s trip to the Middle East. The shares have now advanced about 44% from an April low and are less than 6% from where they closed on Jan. 24, the day before the emergence of DeepSeek’s R1 model sparked fears that cheaper AI development would hurt sales.

Must Read

The US president’s visit to the Gulf was a boon for American chipmakers and countries in the region, reports Omar El Chmouri in today’s Tech In Depth. Hundreds of thousands of advanced Nvidia chips are committed to Saudi Arabia, while the United Arab Emirates is planning a massive AI campus in partnership with US companies, all part of an effort to build an industry that will help the region retain power in a post-oil economy, he writes.

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This Week in Game On

Independent video game makers are finding that funding is difficult to come by for anything less than a potential blockbuster or a low, low budget title. So, they’re turning to a funding source that was in vogue more than a decade ago — Kickstarter, writes Jason Schreier in this week’s Game On.

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