Core42, e& team up on sovereign AI + BitDelta secures CMA greenlight

A sovereign AI play

e&, Core42 team up on sovereign AI offering: Abu Dhabi telecom group e& and G42’s sovereign cloud and generative AI subsidiary Core42 are teaming up on rolling out local AI infrastructure for both local and international firms, according to a press release. Companies will be able to use Core42’s AI infrastructure, which will be connected through e&’s network.

IN CONTEXT- The latest in-country move comes after Core42 announced a doubling down on its US presence, with plans to boost capacity by 42 MW to 60 MW at its AI infrastructure site in New York.

BitDelta secures CMA greenlight

Dubai-headquartered BitDelta Securities has secured regulatory approval for a category 5 license from the Capital Market Authority (CMA), according to a press release. The greenlight allows the crypto and digital asset exchange to operate as a regulated introducing broker for asset classes including FX, commodities, equities, ETFs, and futures.

A new player joins Sphere Abu Dhabi

Canada’s AtkinsRéalis will act as lead multidisciplinary design and supervision consultant on the construction of Sphere Abu Dhabi, according to a press release. The project uses a Design and Build framework, where both organizations operate in clearly defined, complementary roles, the company said.

AtkinsRéalis joins Dubai-based construction firm Alec, which was awarded the construction of Sphere Abu Dhabi last month. The project which will open on Yas Island in 2029, in a contract valued at USD 1.7 bn.

REMEMBER- The venue will match the 20k-seat capacity of the Las Vegas original, with DCT Abu Dhabi overseeing funding and construction. Sphere Entertainment will provide tech expertise, operational support, and creative content, earning annual fees once the arena opens.