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DUBAI (Reuters) -The United Arab Emirates launched a new Arabic language artificial intelligence (AI) model on Wednesday as the regional race to develop AI technologies accelerates in the Gulf. The UAE, a major oil exporter, has been spending billions of dollars in a push to become a global AI player, looking to leverage its strong relations with the United States to secure access to technology. U.S. President Donald Trump said during a visit last week that an AI agreement with the UAE creates a path for it to access some of the advanced AI semiconductors from U.S. firms, a major win for the Gulf country. Falcon Arabic, developed by Abu Dhabi’s Advanced Technology Research Council (ATRC), aims to capture the full linguistic diversity of the Arab world through a "high-quality native (non-translated) Arabic dataset," a statement said. It also matches the performance of models up to 10 times its size, it said. "Today, AI leadership is not about scale for the sake of scale. It is about making powerful tools useful, usable, and universal," Faisal Al Bannai, ATRC secretary general said in the statement. ATRC also launched Falcon H1, which it said outperforms competitors from Meta (NASDAQ:META) and Alibaba (NYSE:BABA) by reducing the computing power and technical expertise traditionally required to run advanced systems. The kingdom launched a new company earlier this month to develop and manage AI technologies and infrastructure, which is also aiming to offer one of the world’s most powerful multimodal Arabic large language models, according to a statement. META: is this perennial leader facing new challenges? With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is META one of them?