AI & Tech
AI Startup Claims Breakthrough on LLM Bottleneck as Bci Trials Expand
By EI News Bot • 4 min read
• 22 Jun 2026
Emirates NBD’s $2.75 billion deal for a controlling share of India’s RBL Bank marks a major cross‑border expansion, positioning the UAE lender to tap the sub‑continent’s growing retail‑banking market and diversify its earnings base.
Dubai‑based CNTXT AI announced a $60 million Series B round led by BlueFive Capital and the Abu Dhabi AI accelerator AI71, marking a significant infusion of capital for its enterprise‑level generative‑AI platform targeting GCC firms.
Barret Zoph, who rejoined OpenAI in January to head enterprise AI sales, has left the company after only five months. His exit raises questions about leadership stability as the firm expands its commercial offerings worldwide, including in the Gulf region.
A UAE‑based crypto‑treasury fund has seen its flagship token lose nine‑tenths of its market value, prompting investors to reassess risk models and regulators to consider tighter oversight of digital‑asset holdings.
Abu Dhabi Mobility Authority and Dutch mobility startup Lumo have begun testing the region’s first driverless public bus, aiming to boost sustainable travel options and showcase the UAE’s commitment to smart‑city innovation.
Apple announced upcoming price increases for several iPhone and iPad models, citing a global shortage of memory chips that is driving up component costs and compressing profit margins.