Arab League to Hold Regional Meeting on Intellectual Property, AI on Wednesday

Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP
Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP
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Arab League to Hold Regional Meeting on Intellectual Property, AI on Wednesday

Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP
Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP

The Arab League's Intellectual Property and Competitiveness Unit is scheduled to hold a regional meeting on intellectual property and artificial intelligence (AI) on Wednesday via videoconference. The meeting will feature the participation of several experts from the World Intellectual Property Organization, as well as representatives of government intellectual property offices in Arab countries.
In a statement, Minister Plenipotentiary and Director of the Legal Affairs and Intellectual Property and Competitiveness Unit at the Arab League Dr. Maha Bakhit said that the meeting's agenda includes several topics, such as the best ways to use intellectual property to support AI development, the impact of AI on patents, legislative efforts aimed at addressing the legal challenges posed by AI, and the implications for AI copyright, SPA reported.
Bakhit added that the meeting aims to utilize intellectual property to protect AI models, bring about significant improvements in intellectual property services, and achieve tangible development in the delivery and management of services in intellectual property offices.



OpenAI Secures $4 bln Credit Facility

The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
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OpenAI Secures $4 bln Credit Facility

The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)
The OpenAI logo is seen in this illustration taken, February 3, 2023. (Reuters)

OpenAI said on Thursday it has secured a new $4 billion credit facility, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.

The revolving credit facility that is undrawn at closing has been established with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS and HSBC, Reuters reported.

The company now has access to over $10 billion in liquidity, OpenAI said in a blog post.