VIMFRO

Hey crew, this week felt different.

Not because of a new AI model.
Not because of another billion-dollar funding round.

Because for the first time, a generation openly pushed back against the people building the future.

Graduation stages turned into protest zones. Students booed billionaire executives talking about AI, automation, and “opportunity.” Then, days later, Google CEO Sundar Pichai quietly admitted something the industry rarely says out loud:

“Nobody really knows where this ends.”

This week is about trust, uncertainty, and the growing gap between people building AI… and people trying to survive it.

Let’s dive in.

MENA MOVES
💰 Saudi money keeps flooding into AI

MENA’s AI race is getting serious.

Saudi-backed venture firm STV just secured fresh commitments for its $100M Emerging Tech & AI Fund, with backing connected to Saudi Awwal Bank (SAB) alongside investors like Google and regional institutions.

Translation?

Big money in the Gulf is no longer watching AI.
It’s positioning early.

Takeaway: The next generation of AI startups won’t just come from Silicon Valley. The Gulf wants a seat at the table too.

🏙️ Dubai just doubled down on PropTech

Dubai Future District Fund invested in U.S.-based PropTech VC firm Camber Creek — a fund managing nearly $1B focused on modernizing real estate.

They invest in startups improving:

  • Property management

  • Real estate investing

  • Tenant experiences

  • Digital transactions

Basically: the future landlord probably runs on software.

Takeaway: Dubai isn’t only building skyscrapers anymore. It’s investing in the software layer underneath them.

🪙 Kraken gets closer to fully operating in Dubai

Dubai’s crypto regulator VARA just gave preliminary approval to Kraken, one of the world’s biggest crypto exchanges. That means UAE users could soon get:

  • AED deposits & withdrawals

  • Spot trading

  • Staking

  • OTC access

  • Margin trading

Dubai keeps moving toward becoming the crypto capital of the region while other countries are still debating regulation.

Takeaway: The UAE is trying to become the place where crypto companies can actually build — not just survive.

AI
🎓 Graduates are done pretending everything is fine

Across multiple universities this week, students openly booed tech executives during graduation speeches centered around AI and “adapting to the future.”

Former Google CEO Eric Schmidt received one of the loudest reactions after speaking about AI innovation. Other executives telling graduates to “embrace the tools” faced similar backlash.

And honestly, the frustration makes sense.

Entry-level jobs across writing, coding, research, and admin work are becoming harder to land at the exact moment AI tools are becoming more capable.

To graduates, it feels less like:

“Here’s a new opportunity.”

And more like:

“Compete with the machine replacing you.”

Takeaway: People are not rejecting AI. They’re rejecting being told disruption is exciting while they absorb all the risk.

“The problem isn’t the technology. It’s who gets protected while the transition happens.”

Vimfro

BIG TECH
🧠 Sundar Pichai admits the uncomfortable truth

During a podcast interview this week, Google CEO Sundar Pichai acknowledged growing anxiety around AI and jobs instead of dismissing it.

When asked whether AI could heavily impact white-collar careers, he called the concerns legitimate. And when discussing AGI, he admitted:

“I don’t think anyone can say for sure.”

That level of uncertainty from the CEO of Google says a lot.

Behind all the demos, launches, and hype cycles… even the companies leading the race don’t fully know what the labor market looks like five years from now.

Takeaway: The most important AI leaders are starting to sound less certain—and more human.

TOOLS
🎬 Video editing just became conversational

Google unveiled Gemini Omni this week, an AI system that edits video through conversation.

Upload a clip.
Type:

  • “Make this cinematic.”

  • “Turn it into a timelapse.”

  • “Add motion blur.”

And the AI edits it live.

No timelines.
No complex software.
Just language.

This is bigger than “another AI feature.” It’s the beginning of software disappearing behind conversation.

Takeaway: The future UI isn’t buttons. It’s intent.

🛠️ GOLDEN NUGGETS:

🎓 The graduation booing isn't a story about rude students. It's a leading indicator of a political movement forming around AI and economic displacement… and it's building faster than the industry is ready for.

🧠 Sundar Pichai saying "I don't think anyone can say for sure" about AGI is the most honest thing a major AI CEO has said in public in months. Sit with that.

🎬 Gemini Omni's deliberate choice to withhold audio-editing of existing video is the right call. And the fact that Google made it publicly shows the labs are at least thinking about the deepfake problem before shipping.

Would love to hear your thoughts! Send me your thoughts by replying to this email (yes, I read them all :)

Until our next AI rendezvous,

Hamza | Vimfro

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