PIF-backed Alat reportedly sacks CEO and abandons chip production plans
- Intellectia report (minutes ago) says Alat — a $100B PIF-backed electronics manufacturing fund — removed CEO Amit Midha.
- Sources quoted say the fund has dropped plans to invest in domestic chip production, signaling a strategic pullback.
- Potential implications: delay to Saudi semiconductor ambitions, reputational hit for the Alat mandate, and internal leadership reset.
Intellectia AI · 2026-04-11
Meta unveils 'Muse Spark' — new AI model positioned against ChatGPT and Gemini
- Meta announced 'Muse Spark' in a renewed push into foundation models after restructuring its AI division.
- Company positions Muse Spark for multimodal tasks; productisation and safety controls will be critical for enterprise adoption.
- Regional angle: Gulf cloud and platform partners will watch for compatibility, local-language support, and data‑sovereignty options.
العين الإخبارية (Al-Ain) · 2026-04-11
Apple warns iPhone users of 'DarkSword' attack — immediate update urged
- National Today coverage says Apple issued urgent notice about 'DarkSword', a vulnerability that could allow remote access to device data.
- Users are urged to install the vendor patch immediately; security teams should prioritise fleet updates for enterprise devices.
- Risk vector: active exploit could be used for targeted surveillance or as an initial access vector against high-value accounts.
National Today · 2026-04-11