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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Google AI research hub in Paris to host 300 experts

AI covers a broad range of technologies based on algorithms and big data processing. (AFP)
  • In recent years, Google has poured investment into its engineering facility in Zurich, which also houses AI-focused teams from Meta, Apple and Microsoft.
  • The French capital has long pushed to be regarded as a cutting-edge hub for tech firms, and Meta established an AI research team there in 2015

Paris, France – US tech giant Google was set Thursday to open an AI research hub in Paris, the French government said, part of a trend for big tech firms to base teams in European centers.

In recent years, Google has poured investment into its engineering facility in Zurich, which also houses AI-focused teams from Meta, Apple and Microsoft.

Amazon, another major player in AI research, has teams based in several locations in Germany and Britain.

AI covers a broad range of technologies based on algorithms and big data processing, which help to power everything from online advertising to smartphone cameras.

Google’s new institute will host at least 300 researchers in the French capital, according to a statement released Wednesday by France’s finance ministry.

“The investment by Google in France demonstrates once again how attractive France and Europe are for tech firms, particularly in the artificial intelligence area,” the statement said.

The French capital has long pushed to be regarded as a cutting-edge hub for tech firms, and Meta established an AI research team there in 2015.