Microsoft Corp-backed OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above US$100 billion, people with knowledge of the matter said, a deal that would cement the creator of ChatGPT as one of the world’s most valuable start-ups. Investors potentially involved in the fundraising round have been … Read more
The United Arab Emirates (UAE) is all set to make a significant milestone with the opening of a first-of-its-kind microbrewery and gastropub in Abu Dhabi by the end of this month. The license has been granted to Abu Dhabi-based craft beer manufacturer Craft by Side Hustle to sell beer that has been produced on-site. It will … Read more
It is the latest in a series of moves to loosen socially conservative laws in the UAE and the surrounding Gulf region, as countries open up their economies and focus on industries other than oil. A little-noticed rule change published in Abu Dhabi in 2021 allows licence holders to ferment alcoholic beverages for consumption on … Read more
