The third edition of the Global Artificial Intelligence Summit, hosted by the Saudi Data and Artificial Intelligence Authority (SDAIA), commenced at the King Abdulaziz International Conference Center in Riyadh on September 10, 2024. The summit, running through September 11, features over 300 speakers from 100 countries, bringing together leading AI specialists, policymakers, and tech CEOs. Discussions will cover AI innovation, industry developments, and the ethical frameworks necessary for advancing AI technology. Key topics include generative AI, smart cities, and the synergy between humans and AI.

Berlin-based startup Vay is pivoting towards the B2B sector with its teleoperated car-sharing technology. Rather than offering traditional ride-hailing services, Vay enables remote drivers to maneuver empty vehicles to customers, who then drive themselves. The teleoperator retrieves the car after the trip.

Recently, Vay has secured partnerships with French automaker Peugeot and Belgian car-sharing firm Poppy to integrate its tele-driving technology into their fleets. The company aims to provide tele-driving solutions for a variety of vehicle operators, including automakers, rental agencies, and logistics firms. Vay envisions a future where tele-driving capabilities become standard across vehicles, utilizing existing advanced driver-assistance systems.

With a growing presence in Las Vegas, Vay is expanding its fleet and exploring new B2B opportunities, positioning itself as a key player in the evolving mobility landscape.

Cybersecurity Investment 🛡️: Germany’s Federal Office for Information Security (BSI) launches a new initiative to enhance national cybersecurity, focusing on threat intelligence sharing and public-private partnerships.

SAP Innovations 🚀: SAP unveils new features for its SAP S/4HANA cloud suite, enhancing real-time data analytics and integration capabilities for businesses.

Volkswagen’s Digital Transformation 🚗: Volkswagen invests in AI and IoT technologies to optimize smart manufacturing processes and reduce production downtime.

Data Privacy Concerns 🔒: A study reveals 40% of German companies struggle with GDPR compliance, highlighting ongoing challenges in data protection.

Green IT Initiatives 🌱: Deutsche Telekom launches a green IT initiative, focusing on energy-efficient data centers and renewable energy use.

AI Research Funding 💡: The German government allocates additional funding for AI research, supporting innovative projects in healthcare, transportation, and more.

Remote Work Tools 🏠: Siemens introduces a new suite of remote work tools with advanced video conferencing and project management features for virtual teams.

Amazon has hired the founders of robotics startup Covariant—Pieter Abbeel, Peter Chen, and Rocky Duan—along with about a quarter of the company's employees. The tech giant also secured a non-exclusive license to use Covariant's robotic foundation models, which are designed to enhance robotic performance in warehouse tasks like bin picking. This move is similar to Amazon's hiring of AI startup Adept's founders earlier this year, a strategy described as a "reverse acquihire," allowing Amazon to integrate new technology without a full acquisition amid antitrust scrutiny. Covariant will continue to operate independently under new leadership, focusing on deploying its AI solutions across various industries

In a significant development in the tech industry, Apple and Nvidia are reportedly in discussions to invest in OpenAI's latest funding round, potentially valuing the AI powerhouse at over $100 billion. This news, first reported by The Wall Street Journal and Bloomberg News, signals a major endorsement from two of the biggest names in technology.

The move comes on the heels of Thrive Capital's announcement that it would inject approximately $1 billion into OpenAI, leading this high-profile funding round. The participation of Apple and Nvidia could further cement OpenAI’s position as a leader in artificial intelligence and reshape the landscape of tech investments.

This potential investment highlights the growing interest and confidence in OpenAI’s technology and future prospects, marking a noteworthy moment in the USA’s tech industry.