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Tech updates

Short dispatches from the wider tech world

Curated news items from across AI, security, cloud and the global tech scene.

Saudi’s $40 Billion AI Surge: Pioneering Future Technology

Saudi Arabia’s Public Investment Fund has announced a $40B vehicle dedicated entirely to artificial intelligence — the largest single allocation of sovereign capital to AI by any government in history. The plan is to build a domestic comput…

Meetup: Advanced Considerations in RAG Performance

Our Karachi AI meetup on March 28 will dig into the realities of running Retrieval-Augmented Generation in production: vector index choice, chunking strategies, hybrid retrieval, latency budgeting and the painful question of evaluation. Bri…

OpenAI Board Dismisses CEO Sam Altman

In a move that shocked the industry, OpenAI’s board removed CEO Sam Altman, citing a loss of confidence in his communications. The reversal — Altman returning within five days after employee revolt and Microsoft pressure — is already a Harv…

US Venture Capital Funding Plummets to Six-Year Low

Q3 2023 venture funding in the US fell to $36B, the lowest quarterly total since early 2017. The contraction is hitting Series B hardest; later-stage rounds are stalling while seed activity remains relatively healthy.

Chinese ChatGPT version, Ernie!

Baidu has opened public access to ERNIE Bot 4.0, its latest large language model. Early benchmarks place it within striking distance of GPT-4 on Chinese-language tasks, though independent evaluation on English tasks is still pending.

Grand Offer: Cyber Security Courses!

Digital Karachi has partnered with three regional training providers to offer subsidised cyber-security certification tracks for Karachi residents. Bursaries available; women and non-binary applicants particularly encouraged.