TECH-

G42 subsidiary unveils its latest Arabic LLM: AI developer and subsidiary of G42 Inception launched Jais 70B, its latest Arabic large language model (LLM), featuring 70 bn model parameters, Wam reports. Arabic LLMs aim to accelerate the deployment of generative AI in industries like customer service, content creation, and data analysis, among others.

SOUND SMART- Parameters in machine learning are variables learned by the AI model during training, which improves its input mapping and output predictions.

M&A-

Lamcy Plaza building is up for grabs — again: The former Lamcy Plaza shopping center in Dubai has been listed for sale for a base price of AED 199.5 mn, an Emirates Auction listing shows. Potential bidders, however, might wait for the price to go down before showing interest, an industry source told Gulf News.

Remember: The Lamcy Plaza — which has been vacant since a 2017 fire — went on auction in May for AED 200 mn, but failed to attract any bidders.

EMPLOYMENT-

FutureSkills4All initiative coming to Dubai public employees: The Dubai Government Human Resources Department has joined the FutureSkills4All initiative to roll out training programs for the emirate’s government employees, providing them with needed career-relevant and digital skills, an official statement showed. Tech giants such as Google, Meta, and IBM will be providing free training under the initiative.

About FutureSkills4All: The initiative was launched last year by UAE’s Mohammed bin Rashid Al Maktoum Knowledge Foundation, the UN Development Programme, and US online learning platform Coursera to enhance digital skills in Arab countries.

SPORTS-

Palms Sports renews gov’t contract: Abu Dhabi-based sports management company Palms Sports renewed its strategic partnership with an unnamed government entity for two more years under a AED 49.5 mn contract, it said in an ADX disclosure (pdf). The partnership was formed in 2015 to ramp up national capabilities in sports. The company offers specialized training in Jiu-Jitsu and self-defense, delivered by a group of 60 coaches.

ENERGY-

Ewec extends clean energy partnership with Mediclinic: Emirates Water and Electricity Company (Ewec) extended its clean energy partnership with UAE-based healthcare provider Mediclinic Middle East, it said in a statement. Under the agreement, Ewec will continue to provide electricity fully generated from certified clean energy sources to all of Mediclinic’s advanced facilities in Abu Dhabi.

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