There seems to be no stopping Nvidia's scorching rally. The day after surpassing the market value of Amazon, the chip giant has now overtaken Alphabet as well. Shares of Nvidia rose 2.5% on Wednesday, closing with a market capitalization of about 1.83 trillion, and topping the search giant's value of roughly 1.82 trillion, data shows. With the gain, the chipmaker has become the world's fourth-most valuable company. Saudi Aramco, valued at about 2 trillion, looms as the next milestone.

Saudi Arabia has made no secret of its passion for gaming and e-sports, so there was no shortage of young Saudis to take in a museum of video game history stretching from the original Pac-Man to PlayStation 5. It is part of Gamers8, an eight-week festival of e-sports tournaments in the capital, Riyadh, with a $45m prize pool – a project to inspire young people to create their own blockbuster titles. The passion is believed to come from the very top, with Crown Prince Mohammed bin Salman (MBS) said to be an avid Call of Duty player. Last year, the 38-year-old de facto ruler announced a $38bn investment strategy for the Savvy Games Group, owned by the Public Investment Fund. As it gathers momentum, the national gaming and e-sports strategy emphasises local game production, promising to turn the kingdom into "an Eden for game developers" that can produce new titles "promoting Saudi and Arabic culture".

Saudi Arabia has signed a $5.6bn deal with a Chinese company to manufacture electric vehicles as the kingdom is looking to lead the Arab world in expanding economic ties with Beijing. The memorandum of understanding signed on Sunday with electric and self-driving car maker Human Horizons on the development, manufacture and sale of vehicles accounted for more than half of the $10bn in investments signed on the first day of a major business conference being held in the capital, Riyadh. The 10th Arab-China Business Conference held under the patronage of Crown Prince Mohammed bin Salman aims to enhance a "strategic" partnership based around the Belt and Road Initiative, the Saudi Press Agency said. More than 3,500 government officials, investors, business representatives and experts from 23 countries have reportedly participated in the event, co-organised with the Arab League and the China Council for the Promotion of International Trade. As the world's top exporter of oil, Saudi Arabia's relations with China still largely revolve around energy, but as part of its Vision 2030 plan to diversify the economy, Riyadh is planning to boost investments in non-oil sectors, including in electric cars.

There are just a handful of companies that have surpassed the $1 trillion market cap, including Google parent Alphabet, Microsoft, Saudi Aramco, Amazon and Apple. On Tuesday, California-based Nvidia's market cap jumped high enough to be among their ranks. The chipmaker, which makes graphics processing units (GPUs) that help power generative artificial intelligence platforms, has seen its stock price soar as more companies look to expand their AI offerings. Nvidia hit a market cap of $1 trillion Tuesday with shares opening at $405.95, although it eased below that milestone by midday after shares dipped below $404.86. The company's valuation puts it above Facebook parent company Meta, Warren Buffett's Berkshire Hathaway and Elon Musk's Tesla.

WASHINGTON – Last month, at two newly minted military facilities in eastern Saudi Arabia, US and Royal Saudi air defense units teamed up for live-fire drills to shoot down a series of training drones mimicking the speed and altitude of a variety of Iranian attack UAVs. In an exclusive interview with Al-Monitor, Army Gen. Michael "Erik" Kurilla, the top commander of US forces in the Middle East, described the first Red Sands counter-drone experimentation exercise as "very successful." But not everything went smoothly -- and that was the point. One Saudi-owned defense system proved unable to engage at the necessary range, forcing soldiers to improvise. Other weapons hit the targets successfully, including LIDS (Low, Slow, Unmanned Aircraft Integrated Defeat System) and Coyote counter-drone systems brought in by the US Army.

The novel coronavirus (COVID-19) was declared as a global pandemic by the World Health Organization (WHO) after it was first discovered in Wuhan, China [1]. Over one year, the virus has infected more than 68 million people worldwide [2]. The virus can be fatal for elderly people or ones with chronic diseases [3]. Different countries across the globe have imposed several social practices and strategies to reduce the spread of the infection and to ensure the well-being of the residents. These practices and strategies include but are not limited to social distancing, restricted and authorized travels, remote work and education, reduced working staff in organizations, and frequent COVID-19 tests. These measures have been proved potential in reducing the disease spread and death in the previous pandemics [3], [4]. Several studies have focused on machine learning time series models to forecast the number of COVID-19 infections in different countries [5, 6, 7, 8, 9, 10, 11, 12, 13, 14]. This is to aid the government in designing and regulating efficient virus spread-mitigating strategies and to enable healthcare organizations for effective planning of health personnel and facilities resources. Based on the forecasted infections, the government can either make the confinement laws stricter or can ease them.

The second edition of the Global AI Summit kicked off Tuesday morning in the Saudi capital Riyadh, bringing together various stakeholders and academics to discuss the future of artificial intelligence and the Kingdom's contribution to this field. Over 200 speakers representing 90 countries have come together for the global summit that will run until September 15 at the King Abdul Aziz International Conference Center and under the patronage of Saudi Crown Prince Mohammed bin Salman. The Global AI Summit, organized by Saudi Data & AI Authority (SDAIA), will touch on topics such as the impact of AI on the public and private sectors, healthcare, environment, transportation, smart cities and culture among other matters. For all the latest headlines follow our Google News channel online or via the app. SDAIA said on its website that "tech companies, startups, investors, and entrepreneurs [will] meet at the Global AI Summit to shape the future of AI." Speaking at the opening ceremony of the summit, Saudi Minister of Communications & Information Technology Abdullah Alswaha said that Saudi Arabia "has become the largest tech force of coders and data scientists," adding that there are currently more than 70,000 trainees in this field.

Hong Kong-based drug discovery and development company Insilico has secured fresh capital at a time that its CEO described as a "biotech winter." The firm has raised $35 million on the heels of its last tranche in June, bringing its total Series D investment to $95 million. The new round was "oversubscribed", the firm's founder and CEO Alex Zhavoronkov told TechCrunch, declining to disclose the company's valuation. Prosperity7, the venture capital arm of Saudi Arabia's state oil company Aramco, led the new capital infusion. The fund has been actively scouring for opportunities in and around China that can scale globally and particularly in the Middle East.

Today Insilico Medicine announced the completion of a second closing of its Series D round, led by Prosperity7 Ventures, the diversified growth fund of Saudi Aramco Ventures, bringing the total Series D financing to $95 million. Other global investors with expertise in the biopharmaceutical and life sciences sectors also participated. The financing brought in Prosperity7 as a new investor, alongside current investors in the Series D round, including a large, diversified asset management firm on the US West Coast, B Capital Group, Warburg Pincus, BHR Partners, Qiming Venture Partners, Deerfield, Pavilion Capital, BOLD Capital Partners, and WS Investment Company. Insilico's founder and CEO, Alex Zhavoronkov, PhD, also invested in the Series D round. Insilico Medicine plans to grow its presence in Saudi Arabia, building on the recent investment from Prosperity7.

Jaka Robotics, a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand globally. The round is led by Singapore's sovereign wealth fund Temasek, TrueLight Capital, Softbank Vision Fund II, and Prosperity7 Ventures, a growth fund under Aramco Ventures, which is an investment subsidiary of Saudi Arabia's state oil firm Aramco. Collaborative robots, known as "cobots", are meant to work alongside humans rather than in isolation. Based out of Shanghai and Beijing, Jaka's robotic arms can augment humans in a range of tasks, from assembling electronic parts, pouring from a coffee machine to packaging smartphones. Jaka plans to spend its fresh funding on R&D and global expansion, which makes Prosperity7's investment all the more significant.