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Saudi Arabia has made a multimillion-dollar investment in an artificial intelligence-driven video production company that aims to transform how movies are made.

Silicon Valley business Luma AI has raised $900 million in Series C funding, with the round led by the Public Investment Fund’s AI company Humain.

Turkey’s first flying cars are nearing takeoff, with 100 prototype vehicles ordered and due for delivery in 2027.

AirCar Technology and Aviation, a Turkish tech business founded by Eray Altunbozar, announced last week it was taking pre-orders for its first run. All 100 cars sold within days, despite the $99,000 price tag.

The electric-powered vehicle will have a range of 80km, a flying speed of 130km/h and a recharge time of as little as 15 minutes.

Dubai’s cryptocurrency regulator's new system will plug into the operations of digital-asset companies such as exchanges to monitor live transactions and detect illicit activity.