News

Revibe Has Raised $2.3 Million For Planned MENA Expansion

The Dubai-based online marketplace for refurbished electronics plans to expand across the region while contributing to the circular economy.

Published

10 months ago

July 10, 2023

Nour Nasir

Revibe

Dubai-based startup Revibe has raised $2.3 million in a seed funding round that will allow it to expand its product portfolio across the MENA region, while enhancing the refurbished electronics platform’s contribution to the circular economy.

The investment was led by Egypt’s Flat6Labs and French-based venture capital fund Resonance, plus several other angel investors. Revibe, which primarily sells refurbished smartphones, laptops, and tablets, will now be able to scale its supply chain and diversify its portfolio to include other categories of electronics later this year.

The company was able to grow 500% within seven months across the Gulf countries, with a particular focus on the UAE and Saudi Arabia.

“Our success has come from always meeting our pledge to customers. But we are expanding all the time, and our goal is to gradually introduce all categories of electronics,” explained Hamza Iraqui, co-founder of Revibe.

Revibe’s strategy aligns with the concept of the circular economy — an economic system that focuses on reducing the use of new natural resources and minimizing waste.

Also Read: Dubai-Based Startup Alfii Raises $2.5 Million In Seed Funding

“Refurbished electronics represents a massive opportunity, especially in this time of economic challenges and growing climate awareness, where consumers are more mindful of their carbon impact while facing decreased purchasing power,” noted Maxime Le Dantec, partner and co-founder at Resonance.

Revibe was founded in 2022 and uses a business-to-consumer selling model that offers refurbished electronics at 30-70% less than brand-new items. The company’s team of engineers makes a 50-point check on all products listed on the marketplace and uses artificial intelligence to monitor quality and meet its strict selling standards.

News

Meet JAIS Chat: The AI-Powered Chatbot For Arabic Speakers

The AI-driven mobile app was created by Core42 and offers seamless cross-language communication and advanced AI assistance.

Published

20 hours ago

May 14, 2024

Nour Nasir

meet jais chat the ai powered chatbot for arabic speakers

Emirates News Agency

Core42, a subsidiary of Abu Dhabi’s G42 specializing in sovereign cloud solutions, cybersecurity, and AI infrastructure, has launched JAIS Chat, a mobile app for iOS.

Developed to cater to the increasing demand for Generative AI capabilities in the Middle East, the user-friendly chatbot serves both English and Arabic speakers, understanding various local dialects and cultural subtleties.

JAIS Chat allows seamless translation and cross-language communication on a large scale, leveraging AI to empower Arabic speakers worldwide. With its mobile version, JAIS Chat brings accessibility, efficiency, and convenience to users’ daily interactions, providing AI-driven assistance wherever they go.

Powered by JAIS 30B, the world’s leading Arabic Large Language Model (LLM), JAIS Chat boasts unparalleled Arabic language processing and accuracy. Core42 claims that the chatbot now rivals top-performing English language models of a similar size.

Andrew Jackson, Chief AI Officer at Core42, said, “Since the inception of JAIS in August 2023, the response has been overwhelmingly positive, and with the recent launch of JAIS 30B, we’ve witnessed a significant enhancement in its performance metrics compared to its predecessor, JAIS 13B. With its Arabic-first approach, JAIS reshapes how bilingual individuals interact with technology, and with JAIS Chat for mobile, we are delivering the next advancement in our mission to democratize AI access for the world”.

Also Read: Getting Started With Google Gemini: A Beginner’s Guide

JAIS Chat is now poised to revolutionize various sectors across the wider Middle East, from government communications to customer service automation with AI-powered functionalities that also include chat summarization and new content generation.

Future updates will integrate document processing, customizable user settings, voice conversation capabilities, and enterprise support for businesses seeking tailored AI solutions.

Apple users can download the chatbot on the App Store. If you’re interested in taking a more detailed look under the hood, click here.