Dubai's plan to achieve 100% clean energy by 2050 involves a multi-pronged approach through the Dubai Clean Energy Strategy and the Dubai Net Zero Carbon Emissions Strategy. The city is leveraging technologies like AI and nanosatellites to enhance efficiency and maintenance of its power and water networks. Key initiatives include projects such as the Mohammed bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park. Read More → Reuters

Huawei has made a surprising comeback in the 5G smartphone market with its new advanced chip, which is believed to be a significant step in overcoming US sanctions. The Mate 60 Pro was launched with little public notice, and the origin of its Kirin 9000S chip is being seen as a technological breakthrough for China. Read More → SCMP

🇺🇸 Betaworks, an early-stage venture firm, has successfully closed its third fund, raising $66 million to invest in startups focused on artificial intelligence and machine learning. This new fund will support founders and projects, particularly those working on generative AI, reinforcing the firm's commitment to building and funding companies at the intersection of technology and creativity. Read More → TechCrunch

🇺🇸 Asylon, a company specializing in autonomous security robots, including drones and what it calls "robot guard dogs" has raised a $26 million Series B funding round. The capital will be used to scale its security platform and support the company's growth as it provides automated security for various clients. Read More → TechCrunch

🇬🇧 Bitfount, a company specializing in federated machine learning, has successfully raised $8 million to help pharmaceutical companies and research institutions securely analyze clinical data. The funding will support the use of federated AI, a technology that allows data to remain in its original, secure location while enabling training on it, thereby unlocking valuable research insights while maintaining patient privacy. Read More → Tech.eu

🇦🇪 Qlub, a Dubai-based fintech startup with a QR-based restaurant payment platform, has raised $30 million in a Series B funding round. The company plans to use the capital to accelerate its global expansion. The funding round was co-led by Shorooq Partners and Cherry Ventures, with participation from e&, Mubadala Investments, and Legend Capital. Read More → Menabytes