This was the week that DAMAC revealed its ambition to reach 10GW of data centre capacity by 2027, with $9 billion of its $20 billion US investment programme already committed, despite costs rising 30%. Meanwhile, Saudi Arabia’s HUMAIN announced plans to launch a 3 trillion parameter AI model in December, alongside a full AI technology stack.

In other news, Abu Dhabi’s Institute of Foundation Models (IFM) released its open-source PAN 2 world model; Presight reported a 31% increase in third-quarter profit; and the UAE ranked 15th globally in AI readiness, leading the MENA region alongside Saudi Arabia and Qatar. Meanwhile, Syntys broke ground on a new 20MW data centre in Qatar, Saudi companies signed SAR 2.5 billion in AI financing agreements, and Abu Dhabi launched new initiatives to develop UAE research talent.

Here are this week’s biggest AI news stories!

[ This summary was AI written and human edited ]