PIF-owned Humain and Canadian AI company Cohere are partnering on AI infrastructure, enterprise AI tools, and sovereign AI models. Humain will dedicate at least 50 MW of AI compute capacity to support Cohere’s next-generation foundation models, with the scope to expand over the coming five years, and the capacity is expected to come online by 4Q 2027. The two companies will develop Arabic-language and domain-specific foundation models alongside enterprise AI applications. Separately, Al Baha welcomed municipal projects worth SAR 464 mn inaugurated, construction kicked off for another SAR 873.5 mn worth of projects, and 16 municipal investment projects were inaugurated with expected revenues of SAR 284 mn. Housing projects worth SAR 185.7 mn were inaugurated, construction started on SAR 150 mn in off-plan housing projects, and 19 homes were handed over. Deeptech startup Uvera raised an undisclosed sum in a seed round from Morgan Stanley Inclusive & Sustainable Ventures, LAB7, Core Vision, and strategic angel investors, to scale commercial deployments and develop its platform. Construction of the SAR 1 bn Boulevard Business Park in Riyadh’s Boulevard City has been completed, including nine office buildings offering more than 60k sqm of office space and over 1.3k parking spaces.