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Fintech News ME
2 days ago
- Business
- Fintech News ME
e& enterprise and Microsoft Expand AI Partnership in MENAT
e& enterprise, the digital transformation arm of technology group e&, is expanding its collaboration with Microsoft to deliver scalable AI and data solutions across the Middle East, North Africa and Türkiye (MENAT) region. The partnership is focused on accelerating AI adoption and supporting digital transformation efforts in key markets including the UAE, Saudi Arabia, Egypt, Qatar, and Türkiye. Amit Gupta, Vice President of Data & AI at e& enterprise, said: 'This collaboration combines e& enterprise and Microsoft's technological expertise and deep market insights to deliver transformative solutions that resonate with the unique dynamics of the MENAT region. Together, we aim to promote digital readiness and bridge the digital divide by providing essential sectors with next generation AI and data-driven tools.' Ahmed Hamzawy, Chief Partner Officer, Microsoft UAE, added: 'Our partnership with e& enterprise will give a significant boost to driving AI adoption across businesses. By leveraging our combined technological expertise, and the safe and secure properties of Microsoft's cloud and AI services, we are empowering organisations to better detect fraud, improve risk management and deliver personalised services through AI-driven insights to their customers.' The partnership will focus on industry-specific applications for sectors such as public services, telecommunications, education, BFSI (banking, financial services, and insurance), and retail. The approach will be tailored to address the requirements of individual markets while supporting broader sector-wide challenges, including customer engagement, operational efficiency, and data-driven decision-making. AI solutions will be developed and deployed using tools from Microsoft's Azure Cloud ecosystem. These include Azure Machine Learning, Azure Databricks, Azure AI Search, and Azure Synapse Analytics for model training, analytics, and data processing. Microsoft's Azure OpenAI service will support generative AI use cases including customer service automation, content generation, and forecasting. Additionally, Azure Power BI will provide data visualisation and insight-sharing capabilities, while Azure Data Lake Storage and Snowflake will enable scalable data storage and real-time analytics. e& enterprise will integrate these technologies with its own hybrid cloud services. Its Cloud Strategy and Advisory offering will guide adoption planning, with additional support through Migration and Adoption services. Managed Cloud Services and Cloud Security solutions will also be made available to ensure continuity, compliance, and resilience. In line with both organisations' ethical frameworks, the partnership will incorporate Microsoft's Responsible AI principles and e& enterprise's Responsible AI Framework throughout development and deployment, with an emphasis on transparency, data privacy, and regulatory compliance.
Yahoo
2 days ago
- Business
- Yahoo
Is Nebius' $2B Capex Spend on AI Infra a Smart or a Risky Bet?
Nebius Group N.V. NBIS is doubling down on AI infrastructure with an ambitious $2 billion capital expenditure plan for 2025, up from its earlier guidance of $1.5 billion. NBIS stated that the increase was primarily due to some planned fourth-quarter spending shifting into the early first quarter. Nebius is focusing on building a global footprint, with capacity in the United States, Europe and the Middle East amid accelerating demand for its AI-infrastructure services. It added three new regions, including a strategic data center in Israel, in the last reported quarter. Infrastructure enhancement helps reduce latency, diversify risk and extend support for global customer requirements, which is crucial for enterprise AI workloads. In June 2025, NBIS announced private placement of $1 billion in convertible notes to capitalize on the AI-infrastructure boom and drive-up revenue opportunities in 2026. But is this ambitious capex plan a sound long-term investment, or a big capital risk? Nebius is carrying strong momentum into the second quarter of 2025 and remains confident in achieving its full-year annualized run-rate revenue or ARR guidance of $750 million to $1 billion. For 2025, the company also reaffirmed its overall revenue guidance of $500 million to $700 million. This makes for a compelling case to scale faster as it races to gain a larger share of the booming AI market characterized by intense competition. NBIS plans to build a data-center infrastructure pipeline that can offer scalability to more than 1 gigawatt ('GW') of capacity. With 1 GW of power, NBIS expects significantly higher revenue beyond its current guidance. Nonetheless, Nebius' capex spend appears prudent, but its payoff hinges on execution, continued AI demand and the ability to scale profitably. Like Nebius, CoreWeave CRWV is also ramping up its capex spend. CRWV expects capex to be between $20 billion and $23 billion for 2025 due to accelerated investment in the platform to meet customer demand. At present, it has a network of 33 purpose-built AI-data centers across the United States and Europe, supported by 420 megawatts of active power. The company uses a success-based model, entering capex programs only after securing multi-year customer contracts that cover investment costs within the contract terms, helping it to sensibly scale the debt structure. Capex reached $19 billion in the first quarter of 2025. Microsoft MSFT is a giant in this space, with Azure Cloud being one of the dominant forces in the AI-cloud infra space. MSFT is allocating significant capital expenditures to scale its AI infrastructure. In the third quarter of fiscal 2025, the company spent $21.4 billion on capex. It paid $16.7 billion for PP&E. MSFT highlighted that nearly half of the cloud and AI-related spend was on long-lived assets that will support monetization over the next 15 years and more. The remainder focused on servers (CPUs and GPUs) to fulfill rising AI demand, including a $315 billion customer backlog. Looking ahead to fiscal 2026, capex will grow at a slower rate than fiscal 2025, with a higher share of short-lived assets. Shares of Nebius gained 82.5% year to date compared with the Internet – Software and Services industry's growth of 26.6%. Image Source: Zacks Investment Research In terms of price/book, NBIS' shares are trading at 3.77X, down from the Internet Software Services industry's ratio of 4.2X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for NBIS' earnings for 2025 has been unchanged over the past 30 days. Image Source: Zacks Investment Research NBIS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Nebius Group N.V. (NBIS) : Free Stock Analysis Report CoreWeave Inc. (CRWV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Broadcast Pro
2 days ago
- Business
- Broadcast Pro
E& enterprise and Microsoft to drive AI adoption across industries
With a focus on GenAI, development and implementation of scalable solutions to meet market-specific demands across UAE, KSA, Egypt, Turkey and Qatar. E& enterprise, the digital transformation arm of global technology group E&, has further built on its strategic partnership with Microsoft. By joining forces, both entities are prioritising the development and deployment of next-generation AI and data-driven solutions to bolster AI adoption across industries in target markets across the MENAT region, including UAE, KSA, Egypt, Turkey and Qatar. Commenting on the deal, Amit Gupta, Vice President, Data & AI, e& enterprise, said: 'Our partnership with Microsoft represents a bold step toward redefining the role of AI in shaping the future of business and society. This collaboration combines e& enterprise and Microsofts technological expertise and deep market insights to deliver transformative solutions that resonate with the unique dynamics of the MENAT region. Together, we aim to promote digital readiness and bridge the digital divide by providing essential sectors with next generation AI and data-driven tools, powering them to drive improved customer interactions, optimise operations, and drive broader innovation.' Ahmed Hamzawy, Chief Partner Officer, Microsoft UAE at MS, added: 'Our partnership with e& enterprise will give a significant boost to driving AI adoption across businesses. By leveraging our combined technological expertise, and the safe and secure properties of Microsofts cloud and AI services, we are empowering organisations to better detect fraud, improve risk management and deliver personalised services through AI-driven insights to their customers.' The partnership focuses on providing scalable AI solutions tailored to the unique needs of various industries, including public sector, telco, education, BFSI and retail. By equipping businesses with the tools needed for digital transformation, e& enterprise and Microsoft aim to empower organisations to adapt, innovate, and thrive in an increasingly data-driven world. With industry-specific AI solutions, the partnership is designed to address a wide range of use cases across sectors. Additionally, the collaboration takes a region-specific approach to implementing and scaling these solutions across key, diverse, and digitally demanding markets, including the UAE, KSA, Egypt, Türkiye, and Qatar. This ensures that local market needs are met while tackling broader industry challenges, ultimately enhancing efficiency, customer engagement, and decision-making. As part of its focus on developing GenAI solutions, the partnership will leverage various product offerings under Microsofts Azure Cloud platform. Tools such as Azure Machine Learning, an end-to-end machine learning platform; Azure Databricks, a unified, open analytics platform; and Azure AI Search, Microsofts search and retrieval system, will support data processing, model training, and deployment. Azure Synapse Analytics is another analytics tool that will support data integration and analytics, enabling large-scale data processing for organisations across sectors. Additionally, with the integration of Microsofts Azure OpenAI service, organisations will be able to leverage a suite of GenAI solutions for automating customer service, content creation, and predictive analytics. Azure Power BI is a self-service analytics solution that enables businesses to visualise data, share insights, and embed them into their apps or websites. This tool will support businesses in making informed decisions. Meanwhile, Azure Data Lake Storage and Snowflake will facilitate the storage and management of large datasets, as well as real-time analytics, across the target markets of this partnership: UAE, KSA, Qatar and Egypt. These solutions from Microsoft combined with e& enterprises comprehensive suite of hybrid cloud solutions aim to drive seamless digital transformation, as part of this strategic alliance. E& enterprises Cloud Strategy and Advisory services will help organisations design tailored adoption strategies, while Migration and Adoption will ensure smooth transitions with minimal disruption. By providing organisations with Managed Cloud Services, and Cloud Security, e& enterprise will empower organisations to drive long-term efficiency and safeguard data, ensuring compliance and resilience. To promote responsible and ethical AI adoption, the partnership will implement Microsofts Responsible AI principles and framework and e&s Responsible AI Framework across all its development and deployment stages. This aligns with both entities shared commitment to prioritising data privacy, transparency, and compliance with corporate and national policies.
Mid East Info
2 days ago
- Business
- Mid East Info
e& enterprise and Microsoft join forces to drive AI adoption across industries - Middle East Business News and Information
Partnership to support businesses with industry-specific AI and data analytics tools With a focus on GenAI, development and implementation of scalable solutions to meet market-specific demands across UAE, KSA, Egypt, Turkey, and Qatar Dubai, June 2025 – e& enterprise, the digital transformation arm of global technology group e&, is further building on its strategic partnership with Microsoft. By joining forces, both entities are prioritising the development and deployment of next-generation AI and data-driven solutions to bolster AI adoption across industries in target markets across the MENAT region, including UAE, KSA, Egypt, Turkey and Qatar. Amit Gupta, Vice President, Data & AI, e& enterprise, said: 'Our partnership with Microsoft represents a bold step toward redefining the role of AI in shaping the future of business and society. This collaboration combines e& enterprise and Microsoft's technological expertise and deep market insights to deliver transformative solutions that resonate with the unique dynamics of the MENAT region. Together, we aim to promote digital readiness and bridge the digital divide by providing essential sectors with next generation AI and data-driven tools, powering them to drive improved customer interactions, optimise operations, and drive broader innovation.' Ahmed Hamzawy, Chief Partner Officer, Microsoft UAE at MS, said: 'Our partnership with e& enterprise will give a significant boost to driving AI adoption across businesses. By leveraging our combined technological expertise, and the safe and secure properties of Microsoft's cloud and AI services, we are empowering organisations to better detect fraud, improve risk management and deliver personalised services through AI-driven insights to their customers.' The partnership focuses on providing scalable AI solutions tailored to the unique needs of various industries, including public sector, telco, education, BFSI and retail. By equipping businesses with the tools needed for digital transformation, e& enterprise and Microsoft aim to empower organisations to adapt, innovate, and thrive in an increasingly data-driven world. With industry-specific AI solutions, the partnership is designed to address a wide range of use cases across sectors. Additionally, the collaboration takes a region-specific approach to implementing and scaling these solutions across key, diverse, and digitally demanding markets, including the UAE, KSA, Egypt, Türkiye, and Qatar. This ensures that local market needs are met while tackling broader industry challenges, ultimately enhancing efficiency, customer engagement, and decision-making. As part of its focus on developing GenAI solutions, the partnership will leverage various product offerings under Microsoft's Azure Cloud platform. Tools such as Azure Machine Learning, an end-to-end machine learning platform; Azure Databricks, a unified, open analytics platform; and Azure AI Search, Microsoft's search and retrieval system, will support data processing, model training, and deployment. Azure Synapse Analytics is another analytics tool that will support data integration and analytics, enabling large-scale data processing for organisations across sectors. Additionally, with the integration of Microsoft's Azure OpenAI service, organisations will be able to leverage a suite of GenAI solutions for automating customer service, content creation, and predictive analytics. Azure Power BI is a self-service analytics solution that enables businesses to visualise data, share insights, and embed them into their apps or websites. This tool will support businesses in making informed decisions. Meanwhile, Azure Data Lake Storage and Snowflake will facilitate the storage and management of large datasets, as well as real-time analytics, across the target markets of this partnership: UAE, KSA, Qatar, and Egypt. These solutions from Microsoft combined with e& enterprise's comprehensive suite of hybrid cloud solutions aim to drive seamless digital transformation, as part of this strategic alliance. e& enterprise's Cloud Strategy and Advisory services will help organisations design tailored adoption strategies, while Migration and Adoption will ensure smooth transitions with minimal disruption. By providing organisations with Managed Cloud Services, and Cloud Security, e& enterprise will empower organisations to drive long-term efficiency and safeguard data, ensuring compliance and resilience. To promote responsible and ethical AI adoption, the partnership will implement Microsoft's Responsible AI principles and framework and e&'s Responsible AI Framework across all its development and deployment stages. This aligns with both entities' shared commitment to prioritising data privacy, transparency, and compliance with corporate and national policies. About e& enterprise: e& enterprise is a digital transformation leader supporting governments and large-scale organisations in building and scaling their digital core. Through optimising operations, enhancing customer engagement, and data-driven decision-making, we enable seamless, sustainable, and secure transitions into the evolving digital world. Currently operating in the UAE, KSA, Egypt, Oman, Türkiye, Qatar, and South Africa, e& enterprise brings cutting-edge digital scalable solutions designed to deliver tangible business value and address the unique challenges faced by organisations and executives across industries. With a proven track record as a trusted digital transformation partner, technical expertise, and the ability to deploy and manage complex solutions, e& enterprise provides collaborative tailored solutions that empower customers to navigate their end-to-end digital transformation journey.
Time of India
3 days ago
- Business
- Time of India
How ChatGPT maker may be looking at Google to solve its 'melting severs' problem
OpenAI, backed by Microsoft, is reportedly integrating Google's cloud service to meet its growing computing needs, diversifying beyond Microsoft's Azure Cloud. This deal is a strategic win for Google's cloud unit, providing crucial computing capacity for OpenAI's AI models. Despite ChatGPT's threat to Google's search dominance, both companies are willing to collaborate to address massive computing demands. ChatGPT-maker OpenAI reportedly plans to integrate Google's cloud service to fulfill its increasing computing demands. The company's need for growing AI computing capacity was evident from OpenAI CEO Sam Altman 's tweet in March in which he famously noted the company's "GPUs are melting" due to an explosion in Ghibli-style image creation on its popular chatbot. This collaboration essentially brings together two prominent competitors in the AI sector. The agreement, which had been under discussion for several months, was finalised in May, news agency Reuters quoted three sources as saying. It is to be noted that OpenAI has the backing of Microsoft, one of the competitors of Google in the cloud computing space. What this deal means for OpenAI and Google For OpenAI, the move represents its latest effort to diversify its computing resources beyond its primary backer, Microsoft, and its highly anticipated Stargate data center project. Microsoft is mostly the first cloud provider to offer OpenAI's AI models through Azure Cloud. For Google's cloud unit, this deal marks a significant win, as it will provide additional computing capacity to OpenAI's existing infrastructure, crucial for both training and running its AI models. The sources also told the news agency that this is a strategic gain for Google. This collaboration is particularly striking given that OpenAI's ChatGPT has emerged as one of the most substantial threats to Google's longstanding dominance in online search in years. Google executives have recently acknowledged that the race for AI leadership may not ultimately be a "winner-take-all" scenario. As per Scotiabank analysts, there are growth opportunities for Google's Cloud unit but said that the tech giant needs to be cautious about the competitive pressure posed by ChatGPT on Google's search business. 'The deal... underscores the fact that the two are willing to overlook heavy competition between them to meet the massive computing demands. Ultimately, we view this as a big win for Google's cloud unit, but... there are continued worries that ChatGPT is becoming an incrementally larger threat to Google's search dominance,' they said. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
