Manama, Bahrain – 15 January 2024 – stc Bahrain, a digital enabler, proudly announces its partnership with Allora Network, a self-improving decentralized AI network, as part of its Web3 Launchpad Program under the Pearling Path initiative. This partnership highlights stc Bahrain’s dedication to fostering cutting-edge technologies such as AI and blockchain to accelerate innovation across the Gulf region and beyond.

Through this collaboration, stc Bahrain aims to explore the transformative potential of decentralized AI, leveraging Allora Network's innovations in crowdsourced intelligence, reinforcement learning, and regret minimization. As a validator node on the Allora Network, stc Bahrain will contribute to network consensus and security, underscoring its dedication to supporting decentralized technologies with a tangible impact. Allora transforms isolated machine learning models into a collaborative system, enabling superior performance and adaptability. As a leader in the AI intelligence layer, Allora powers innovative, secure, and decentralized applications, driving cutting-edge protocols and unlocking new use cases for advanced solutions.

Mr. Saad Odeh, Chief Wholesale Officer at stc Bahrain, commented: "At stc Bahrain, we are dedicated to embracing emerging technologies that redefine industries and contribute to Bahrain's Economic Vision 2030 . Allora Network's cutting-edge AI capabilities are a valuable addition to our Web3 Launchpad Program, further cementing Bahrain's position as a hub for innovation and digital transformation."

Nick Emmons, Co-Founder and CEO of Allora Labs, added: "We are thrilled to partner with stc Bahrain under the Web3 Launchpad Program. Their role as a validator node directly strengthens the security, consensus, and reliability of the Allora Network, which is essential for fostering trust and driving growth in decentralized infrastructure. Together, we strive to advance blockchain technology and explore AI innovations within and beyond telecommunications."

As the Web3 and AI ecosystems continue to evolve, this partnership reinforces stc Bahrain's commitment to advancing a robust, innovative, and decentralized digital economy. By fostering a collaborative ecosystem for emerging technologies, stc Bahrain continues to drive progress toward a more innovative and sustainable future in line with Bahrain’s Vision 2030 program.

About stc Bahrain

stc Bahrain, a subsidiary of stc Group, is the fastest-growing, most innovative digital enabler in Bahrain. Since entering Bahrain’s telecommunications market in 2010, stc Bahrain has revolutionized the telecommunications industry in the Kingdom of Bahrain and emerged as a market leader. This position has been maintained through consistent investment in next-generation technologies and innovative products and services, including advancements in cybersecurity, cloud computing, and mobile payments, and wholesale connectivity solutions. Our achievements include being the first in the region to pilot the foundation of 5.5G, launching the world's first structured Web3 Launchpad program, and driving blockchain innovation in the Middle East and beyond. This aligns with Bahrain’s Economic vision 2030, with ICT as a key driver of sustainable economic growth.

In 2018, stc Bahrain disrupted fintech with its stc pay ecosystem of services, which has evolved to become a subsidiary of stc Bahrain, officially licensed by the Central Bank of Bahrain. stc pay is an all-inclusive digital wallet, making financial services more accessible and driving the Kingdom toward a cashless future.

Over the past decade, we've consistently topped Bahrain’s Telecommunications Regulatory Authority's Quality of Service report, reflecting our dedication to wide coverage and high-quality service. Through investments in Bahrain’s telecom sector, our evolution into a forward-thinking digital enabler aligns with the Kingdom's Economic Vision 2030.

The company's persistent dedication to innovation has earned it multiple awards, positioning it as a driving force in delivering telecommunication, digital, and mobile financial services for everyday customers, homes, and businesses.

stc Jusoor, the company's corporate social responsibility arm (meaning "bridges" in Arabic), aligns with Bahrain's Economic Vision 2030 and individual empowerment. Focusing on Community, Family, Eco, and Tech as key pillars, stc Jusoor's initiatives balance community development and technology, connecting and empowering individuals through the free exchange of experiences, ideas, and information.

Today, stc Bahrain stands not only as the preferred Telecommunications network in Bahrain but also as the most forward-looking digital enabler.

About Allora Network

Allora is a self-improving decentralized AI network. Allora enables applications to leverage smarter, more secure AI through a self-improving network of ML models. By combining innovations in crowdsourced intelligence, reinforcement learning, and regret minimization, Allora unlocks a vast new design space of applications at the intersection of crypto and AI.

To learn more about Allora Network, visit the Allora website, X, Blog, Discord, and developer docs.