Sycamine Capital Management: Gulf Turns to AI Gold Rush
SINGAPORE, SG / ACCESS Newswire / July 31, 2025 / Gulf nations are intensifying investments in artificial intelligence, marking a significant strategic shift toward technological dominance and economic diversification, according to Sycamine Capital Management. Saudi Arabia alone has dedicated over $40 billion towards AI initiatives under its Vision 2030, positioning itself firmly as a global hub for AI innovation.
Analysts widely interpret this development as a clear indication that 'compute is the new oil.' Gulf countries leverage sovereign wealth and advantageous geography to secure central roles in global AI markets. The UAE's ambitious 'Stargate' project, featuring vast data centres hosting international tech giants such as OpenAI, exemplifies this strategic approach.
Throughout 2024, AI investments in the region have reached unprecedented levels. Saudi Arabia's Public Investment Fund initiated a $100 billion AI initiative, while the UAE formed a groundbreaking $200 billion tech partnership with the United States. These substantial commitments attracted key global partnerships, including NVIDIA's agreement to supply advanced AI chips to Saudi Arabia's HUMAIN initiative over five years.
Sycamine Capital Management highlights the shift of AI from emerging technology to mainstream commercial use across healthcare, finance, manufacturing, and software sectors. Early adopters integrating AI are expected to realise significant returns within the next decade due to improved operational efficiencies and reshaped competitive landscapes.
National AI strategies reinforce the Gulf's technological ambitions. Saudi Arabia's National Strategy for Data and AI targets a 12% GDP contribution from AI by 2030. Simultaneously, the UAE aims to revolutionise government operations and boost lucrative sectors, illustrated by Abu Dhabi's $3.5 billion investment to establish the world's first entirely AI-driven government by 2027.
Regional sovereign wealth funds actively support these AI advancements through equity investments, infrastructure projects, and international collaborations. Notable partnerships include Saudi Arabia's alliances with Google and Amazon Web Services for AI hubs and large-scale data centres, and Abu Dhabi's G42 collaborations with Microsoft and BlackRock.
Furthermore, international technology corporations such as NVIDIA and AMD are deeply embedded in regional AI infrastructure, supplying high-performance hardware. Notably, Saudi Arabia's HUMAIN initiative includes substantial deployments of NVIDIA's GB300 Grace Blackwell AI supercomputers and AMD's $10.3 billion infrastructure project.
These developments are complemented by robust Arabic language AI model initiatives, promoting digital sovereignty and addressing linguistic gaps in global AI research. Saudi Arabia's HUMAIN and UAE's Falcon Arabic exemplify such culturally relevant AI systems.
Sycamine Capital Management asserts these strategic investments illustrate the Gulf's decisive pivot towards digitally driven economic leadership, significantly influencing global AI landscapes.
About Sycamine Capital Management
Established in 2008, Sycamine Capital Management Pte. Ltd. provides investors with forward-looking analysis in AI and ESG sectors, identifying opportunities ahead of market trends. For more information, visit https://scmgt.com.
Contact: Simon Lau (Media Relations)
Email: simon.lau@scmgt.com
Website: https://scmgt.com
SOURCE: Sycamine Capital Management
View the original press release on ACCESS Newswire
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Digital Trends
15 minutes ago
- Digital Trends
This Dell laptop for students is down to $300 in back-to-school deal
With the new academic year about to start, it's about time to equip the student in your home with a purchase from laptop deals. For an affordable device that's still dependable, check out the Dell 15 Laptop, which is available with an $80 discount from Dell itself that further drops its price from $380 to only $300. While there's still some time before the back-to-school sale ends, there's a possibility that stocks are already running low, so we highly recommend pushing through with the transaction as soon as you can. Why you should buy the Dell 15 Laptop For a device that will be able to help students with their productivity, you can't go wrong with the Dell 15 Laptop. With the AMD Ryzen 3 7320U processor, AMD Radeon 610M integrated graphics card, and 8GB of RAM, it can handle daily activities such as typing documents, doing online research, and building presentations. It's not going to challenge the best laptops in terms of performance, especially if you'll be handling massive multimedia files, but the Dell 15 Laptop will be more than enough for typical schoolwork. The 15.6-inch screen of the Dell 15 Laptop offers Full HD resolution for sharp details and vivid colors, and its built-in HD webcam will make you look clear whenever you join online classes. The laptop also comes with a 512GB SSD for ample storage space for all of your files and the apps that you'll need, and with Windows 11 Home pre-installed, you'll have an operating system that will probably be very familiar to most people so there's no need for adjustments. Dell is an excellent source of student laptop deals, whether you're looking for a basic device or a high-powered machine. If you're leaning towards the former, then you may want to get the Dell 15 Laptop while it's $80 off from Dell. From $380 originally, it's now down to just $300, which is a fantastic price for a computer with these specifications. There's probably a lot of interest on this particular offer though, so if you want to buy the Dell 15 Laptop with these savings, you need to finalize your purchase immediately.
CNBC
16 minutes ago
- CNBC
OpenAI releases lower-cost models to rival Meta, Mistral and DeepSeek
OpenAI on Tuesday released two open-weight language models for the first time since it rolled out GPT-2 in 2019. The text-only models are called gpt-oss-120b and gpt-oss-20b, and are designed to serve as lower-cost options that developers, researchers and companies can easily run and customize, OpenAI said. An artificial intelligence model is considered open weight if its parameters, or the elements that improve its outputs and predictions during training, are publicly available. Open-weight models can offer transparency and control, but they are different from open-source models, whose full source code becomes available for people to use and modify. Several other tech companies, including Meta, Microsoft-backed Mistral AI and the Chinese startup DeepSeek, have also released open-weight models in recent years. "It's been exciting to see an ecosystem develop, and we are excited to contribute to that and really push the frontier and then see what happens from there," OpenAI President Greg Brockman told reporters during a briefing. The company collaborated with Nvidia, Advanced Micro Devices, Cerebras, and Groq to ensure the models will work well on a variety of chips. "OpenAI showed the world what could be built on Nvidia AI — and now they're advancing innovation in open-source software," Nvidia CEO Jensen Huang said in a statement. The release of OpenAI's open weight models has been highly anticipated, in part because the company repeatedly delayed the launch. In a post on X in July, OpenAI CEO Sam Altman said the company needed more time to "run additional safety tests and review high-risk areas." That came after a separate post weeks earlier, where Altman said the models would not be released in June. OpenAI said Tuesday that it carried out extensive safety training and testing on its open-weight models. It filtered out harmful chemical, biological, radiological and nuclear data during pre-training, and it mimicked how bad actors could try to fine-tune the models for malicious purposes. Through this testing, OpenAI said it determined that maliciously fine-tuned models were not able to reach the "high capability" threshold in its Preparedness Framework, which is its method for measuring and protecting against harm. The company also worked with three independent expert groups who provided feedback on its malicious fine-tuning evaluation, OpenAI said. OpenAI said people can download the weights for gpt-oss-120b and gpt-oss-20b on platforms like Hugging Face and GitHub under an Apache 2.0 license. The models will be available to run on PCs through programs such as LM Studio and Ollama. Cloud providers Amazon, Baseten and Microsoft are also making the models available. Both models can handle advanced reasoning, tool use and chain‑of‑thought processing, and are designed to run anywhere — from consumer hardware to the cloud to on-device applications. Users can run gpt-oss-20b on a laptop, for instance, and use it as a personal assistant that can search through files and write, OpenAI said. "We're excited to make this model, the result of billions of dollars of research, available to the world to get AI into the hands of the most people possible," Altman said in a statement Tuesday.
Yahoo
20 minutes ago
- Yahoo
Zacks Investment Ideas feature highlights: AMD, Nvidia, Oracle, Tesla and Broadcom
For Immediate Release Chicago, IL – August 5, 2025 – Today, Zacks Investment Ideas feature highlights AMD AMD, Nvidia NVDA, Oracle ORCL, Tesla TSLA and Broadcom AVGO. Buy AMD Stock for New Peaks as Q2 Earnings Approach? AMD will be a highlight of this week's earnings lineup, with the chip leader set to release its Q2 report after-market hours on Tuesday, August 5. Like Nvidia, which is scheduled to report later in the month, AMD stock has been performing well due to a combination of strategic product launches, strong AI demand, and favorable market conditions. Recently hitting a 52-week high of $182 a share, let's see if fresh peaks are in store for AMD stock as its Q2 earnings approach. AI Momentum & Data Center Growth Gaining traction from major companies like Oracle, Tesla and OpenAI, AMD's MI355X Graphic Processing Unit (GPU) is reported to deliver over 7X the compute power of its previous high-powered AI chip, the MI325X, and has become a serious contender to Nvidia's offerings. Thanks to strong demand for AI accelerators, AMD has raised the price of its MI350 series chips to over $20,000. This is a great sign ahead of AMD's Q2 report, as the company's Central Processing Units (CPUs) and GPUs led to a 57% surge in its data center revenue in Q1. Also fueling investor sentiment is that recent U.S. policy shifts have loosened export restrictions, allowing AMD to resume its chip shipments to China and potentially adding hundreds of millions in revenue. Rebounding and surging over +70% in the last three months, AMD stock is now up +45% year to date to impressively top the S&P 500 and Nasdaq's returns of +6% and +8% respectively, while even topping Nvidia's +32%. AMD's Q2 Expectations With analysts expecting another strong quarter of data center growth, AMD's Q2 sales are expected to be up 27% to $7.41 billion compared to $5.84 billion a year ago. However, AMD is also facing the impact of competitive pricing in the CPU and GPU market, with Q2 earnings thought to have dipped to $0.47 a share compared to EPS of $0.69 in the prior period. Attributing to margin pressures, higher R&D spending on its next-generation GPUs is thought to have weighed on AMD's bottom line during Q2 as well. That said, AMD has reached or exceeded the Zacks EPS Consensus for 25 consecutive quarters, dating back to April of 2019, and has posted an average EPS surprise of 2.3% over its last four quarterly reports. Plus, AMD is still projected to post double-digit top and bottom line growth in fiscal 2025 and FY26, but Wall Street is very much anticipating the company's Q3 guidance to see if the chipmaker can sustain its growth trajectory. Monitoring AMD's Valuation Like most of the leading chipmakers, AMD stock trades at a premium to the broader market at 44X forward earnings. While this is above the benchmark S&P 500's 23.3X, AMD is roughly on par with Broadcom's forward P/E valuation and is near Nvidia's 40.7X. It's also noteworthy that AMD trades far more reasonably than some of its AI chip-producing peers in terms of price-to-sales. In this regard, AMD has a forward P/S ratio of 8.7X, with Nvidia and Broadcom stock trading over 20X forward sales. Bottom Line For now, AMD stock lands a Zacks Rank #3 (Hold). To that point, it wouldn't be surprising if AMD stock hit new peaks, although better buying opportunities could be ahead after such a monstrous rally over the last three months. Keeping this in mind, AMD's Q2 report and guidance will be critical to more upside. Free: Instant Access to Zacks' Market-Crushing Strategies Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can tap into those powerful strategies – and the high-potential stocks they uncover – free. No strings attached. Get all the details here >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. 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 Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
