Tech & Software · Week of Oct 26, 2026
AI spreads from banking to OCR: the week in tech releases
AI threads through bank plans, open-source OCR models and IT services results, alongside Gulf investment news and robotics and scanning hardware.
AI featured across very different releases this week. Mumtalakat and ARP Group announced plans for an AI-native, blockchain enabled wholesale bank in Bahrain, ModelBest and OpenBMB open-sourced the MiniCPM-OCR document models, Investcorp cited a new AI Investment Framework, Mastech said Data & AI momentum drove its revenue growth, and Unisys was recognised for an AI-powered service desk project with Cushman & Wakefield.
Two announcements came from the Gateway Gulf 2026 forum in Bahrain, where Investcorp reported US$11.1 billion in aggregate activity for the first nine months of 2026. IT services results were mixed: DXC Technology reported Q2 FY27 revenue down 4.0% year over year, while Mastech reported a second consecutive quarter of sequential growth. On the hardware side, FF EAI Robotics Ecosystem completed its purchase of Faraday Future's robotics business, and SCANOLOGY introduced a tablet platform for on-site 3D inspection.
Bahrain EDB
Investcorp Announces Aggregate Financial Activity for 2026 at Gateway Gulf Investment Forum
Investcorp says it recorded US$11.1 billion in aggregate activity in the first nine months of 2026: US$4.8 billion raised, US$3.7 billion deployed and US$2.6 billion in exits, with assets under management of US$65.2 billion as of September 2026. The company also says its Investcorp Wealth digital platform has enabled more than US$620 million in client capital raising since its 2024 launch, and it has launched an AI Investment Framework.
Bahrain EDB
On the Sidelines of Gateway Gulf 2026: Mumtalakat and ARP Group partner to establish an AI native wholesale bank in Bahrain
Bahrain's sovereign wealth fund Mumtalakat and ARP Group plan an AI-native, blockchain enabled wholesale bank headquartered in Bahrain, which has in-principle approval from the Central Bank of Bahrain. The bank will begin regulated activities only after final authorisation and would serve financial institutions, payment companies and cross-border businesses through API connections to clients' systems.
ModelBest
ModelBest and OpenBMB Open-Source MiniCPM-OCR Series, Delivering High-Performance Document Parsing and AI-Powered Quality Control
ModelBest and OpenBMB released two open-source models on GitHub, Hugging Face and ModelScope: the 1.3B MiniCPM-OCR 1.0 document parser and the 2B MiniCPM-OCR Jev, which assigns confidence scores to OCR output. The models support vLLM, SGLang, llama.cpp and Ollama, with Day-0 hardware adaptation for AMD, Arm, Houmo AI, Intel and NVIDIA, and are aimed at organisations digitising large document volumes.
SCANOLOGY
SCANOLOGY Introduces AirGO Pad for On-Site 3D Scanning, Inspection and Reporting
SCANOLOGY introduced AirGO Pad, a tablet platform that connects to compatible SCANOLOGY wireless 3D scanners for on-site scanning, inspection and reporting without a separate laptop. The release does not state pricing or an availability date.
DXC Technology Company
DXC Technology Reports Second Quarter Fiscal Year 2027 Results
DXC Technology reported Q2 FY27 revenue of $3.03 billion, down 4.0% year over year, with an EBIT margin of 2.2% and an adjusted EBIT margin of 6.2%. Non-GAAP diluted earnings per share were $0.67, down 20.2% year over year, against diluted EPS of $0.15.
Mastech Digital, Inc.
Mastech Reports Third Quarter 2026 Results
Mastech Digital reported third quarter 2026 results, which it says showed a second consecutive quarter of sequential revenue growth. The company attributes the growth to continued Data & AI momentum.
FF EAI Robotics Ecosystem Inc.
FF EAI Robotics Ecosystem Completed its Acquisition of the Robotics Business of Faraday Future, Establish Nasdaq-Listed Humanoid and Bionic Robotics Platform
FF EAI Robotics Ecosystem completed its acquisition of Faraday Future's robotics business, creating a Nasdaq-listed humanoid and bionic robotics platform. The company expects October 2026 robot shipments to exceed 300 units, which would be a monthly record and bring cumulative shipments above 1,100 units, and says it continues to deliver robots at a positive unit gross margin.
Unisys Corporation
Unisys and Cushman & Wakefield Named Paragon Champions for Excellence at 2026 ISG Paragon Awards™
Unisys and client Cushman & Wakefield were named Paragon Champions at the 2026 ISG Paragon Awards. Unisys says the cloud migration and AI-powered service desk project will deliver more than $35 million in five-year savings to the client.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not WebDomesting reporting.