News

Spotify Rumored To Be Taking Over Rival Anghami

The Abu Dhabi-based music streaming service was listed on the Nasdaq back in February of this year.

Published

3 years ago

November 4, 2022

spotify rumored to be taking over rival anghami

Music streaming giant Spotify is believed to be gearing up for a potential takeover of Abu Dhabi-based Anghami, which went public on the Nasdaq stock market in February, according to undisclosed sources.

Rumor has it that Anghami went public knowing that Spotify had shown interest in acquiring them. However, a Spotify spokesperson insisted there was no news to report on the matter, and Anghami representatives have also been tight-lipped.

Anghami, was the first Arab tech company to list on the Nasdaq, and recently moved its headquarters from Beirut to Abu Dhabi, after entering into the Abu Dhabi Investment Office’s Innovation Programme, to the tune of $545 million.

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So why would a takeover make sense for Spotify? Well, for one, Anghami has a vast library of Arabic music and has signed deals with Egyptian star Amr Diab, and Saudi Arabia’s Rotana record label, the largest in the Middle East. The Abu Dhabi-based streaming service also has nearly 60% of the Middle Eastern market share, with 1.28 million paying subscribers and almost 20 million active users.

As Anghami continues to expand its reach, including a recent acquisition of Spotlight Events, a company that specializes in live events and concerts in the MENA region, interest from tech giants like Spotify will surely continue over the coming years.

News

HUMAIN & NVIDIA Partner To Build Saudi AI Factories Of The Future

In a push to position the Kingdom as a global AI hub, the partnership will co-develop next-gen AI infrastructure, digital twins, and workforce training.

Published

2 days ago

May 14, 2025

Nour Nasir

humain and nvidia partner to build saudi ai factories of the future

HUMAIN, the AI-focused subsidiary of Saudi Arabia’s Public Investment Fund, has announced a strategic partnership with NVIDIA to build the infrastructure powering Saudi Arabia’s next industrial revolution: AI factories capable of driving massive-scale innovation and digital transformation.

The partnership reflects HUMAIN’s plans to turn the Kingdom into a global AI powerhouse by building new infrastructure, real-world applications, and investing in talent. Through the alliance, HUMAIN and NVIDIA will construct hyperscale AI data centers, digital twins, and launch national upskilling programs.

At the heart of the partnership is HUMAIN’s plan to deploy AI factories with a capacity of up to 500 megawatts, fueled by hundreds of thousands of NVIDIA GPUs over the next five years. Phase one includes the installation of 18,000 NVIDIA GB300 Grace Blackwell superchips and InfiniBand networking, creating one of the world’s most powerful AI supercomputing environments.

These centers will provide the scale and security needed to support innovation across Saudi Arabia’s industries — from energy and logistics to healthcare and finance.

“AI, like electricity and the internet, is essential infrastructure for every nation,” said Jensen Huang, founder and CEO of NVIDIA. “Together with HUMAIN, we are building AI infrastructure for the people and companies of Saudi Arabia to realize the bold vision of the Kingdom”.

HUMAIN will also leverage NVIDIA Omniverse to drive the next phase of industrial transformation — physical AI. By simulating and optimizing complex environments in digital twin form, sectors like manufacturing, utilities, and logistics can operate more efficiently, safely, and sustainably.

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“Our partnership with NVIDIA is a bold step forward in realizing the Kingdom’s ambitions to lead in AI and advanced digital infrastructure,” said Tareq Amin, CEO of HUMAIN. “Together, we are building the capacity, capability, and a new globally enabled community to shape a future powered by intelligent technology and empowered people”.

In tandem with infrastructure development, HUMAIN and NVIDIA will also launch large-scale AI education and training initiatives, designed to upskill thousands of Saudi professionals in advanced AI, robotics, and digital twin technologies.

These efforts will contribute to building a self-sustaining AI ecosystem and support Saudi Arabia’s Vision 2030 ambitions for economic diversification and digital leadership.