Technologies

Infinite Reality To Acquire Agentic AI Company Touchcast For $500M In A Deal That Values Infinite Reality At $15.5B

Touchcast’s AI technology to be integrated with Infinite Reality’s portfolio of products and services including Napster, iR Studio, and iR Enterprise

Dubai, UAE — April 16, 2025 — Infinite Reality™ (iR), an innovation company powering the next generation of digital media and ecommerce through extended reality (XR), artificial intelligence (AI), and other immersive technologies, announced today the company has entered into a definitive agreement to acquire Touchcast, a pioneering agentic AI company for $500 million in a combination of cash and stock. The acquisition is Infinite Reality’s largest yet, and the transaction agreement values the company at $15.5 billion.

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Health Care

As part of Abu Dhabi’s Health, Endurance, Longevity, and Medicine cluster,

DoH and ADIO partner with Unilabs to Establish Advanced Analytical Laboratory for Clinical Research

  • By working hand-in-hand with ADIO and Unilabs, the Department remains dedicated to providing innovative treatments and breakthrough solutions in the UAE and around the world

Abu Dhabi, UAE 16 April 2025:The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, and the Abu Dhabi Investment Office (ADIO) have signed a Memorandum of Understanding (MoU) with Unilabs Pharma Solutions, a subsidiary of leading international provider of diagnostic services Unilabs, on the sidelines of Abu Dhabi Global Healthcare Week 2025 (ADGHW).  Under the agreement, the parties aim to develop a state-of-the-art analytical laboratory as part of Abu Dhabi’s recently launched Health, Endurance, Longevity, and Medicine (HELM) cluster, a pioneering hub for biotechnology, MedTech and digital health innovation.

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Health Care

In an effort to enhance innovation, health services and world-class care for patients

Department of Health – Abu Dhabi, Abu Dhabi Investment Office and Masdar City sign a Memorandum of Understanding contributing to health and life sciences hub in the emirate

  • As part of the agreement, pioneering health and life sciences laboratories will be setup in Masdar City, the emirate’s ground-breaking sustainable urban community
  • The MoU was signed as part of Abu Dhabi’s recently launched Health, Endurance, Longevity, and Medicine (HELM) clusterto reinforce Abu Dhabi’s status as a global health and life sciences hub
  • This partnership aims to further strengthen DoH’s efforts to encourage a culture of research and innovation, driven by talent development, technological advancement and multi-regional partnerships
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Health Care

Roadmap to Improve Metabolic Health for All White Paper Unveiled During Abu Dhabi Global Health Week

  • Analysis by McKinsey Health Institute shows that improving metabolic health could significantly improve health outcomes and unlock positive economic impact globally
  • The analysis highlights the need for an aspirational vision and the design of a comprehensive program of interventions, which include success factors such as, local leadership, cross-sector collaboration, and strong role modelling
  • In Abu Dhabi, preventing obesity is a whole-of-government priority, underscored by the establishment of the Healthy Living Unit – an effort that seeks to become the global reference case for ensuring population-wide metabolic health
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Business & Investments

ADQ, IHC and Modon form new infrastructure platform ‘Gridora’ to accelerate the development of strategic projects

  • The new entity, ‘Gridora’, will be a joint venture operating under Modon Holding
  • Gridora will collaborate with specialist partners and capital providers to advance the delivery of strategic infrastructure projects nationally, regionally and internationally
  • The platform is strategically positioned to enhance and foster long-term collaboration between the public and private sectors
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