OpenAI, the non-profit research company responsible for creating the popular ChatGPT chatbot and powerful language model GPT-4, is set to launch a dedicated app store for AI software. The AI app store aims to streamline the AI development process and provide a centralized marketplace for developers to sell their AI models built using OpenAI’s technology. The platform will enforce responsible AI practices by prohibiting the sale of AI models intended for harmful purposes such as generating hate speech or spreading disinformation. The app store has the potential to revolutionize the way AI is utilized and make it more accessible, beneficial, and trustworthy for the betterment of society.
In other news, TFK, Egypt’s fashion e-commerce platform, has announced acquiring OPIO, a prominent direct-to-consumer (D2C) fashion brand. The move is part of TFK’s plan to reshape the fashion landscape in the Middle East and North Africa (MENA) region by establishing The Fashion Kingdom, an all-in-one fashion aggregator and venture builder. By combining OPIO’s D2C expertise with TFK’s existing marketplace infrastructure, the aim is to create a comprehensive ecosystem that caters to the diverse needs of fashion enthusiasts in the region. The startup’s primary market is Egypt and Saudi Arabia, given their market size.
Bunat Ventures, in collaboration with a prominent conglomerate business group in the Kingdom of Saudi Arabia, has taken the lead in a Pre-Series A funding round for HashMove, a leading end-to-end Integrated Digital Logistics Platform. With over 900 logistics providers across 90 countries, HashMove’s digital logistics platform offers unparalleled solutions for sourcing instant rates, seamless and instant booking capabilities, as well as end-to-end cargo movements and tracking. The investment marks a significant milestone for HashMove and positions the company to revolutionize the global logistics landscape.
