Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...
Palo Alto, United States - Palantir, an American data analysis and artificial intelligence company, has emerged as Silicon Valley's latest...
“The pledge made by our UBF Chairman, Abdulaziz Al Ghurair, to mobilize over AED 1 trillion in sustainable finance, represents...UBF pledges over AED 1 trillion ($272 billion) for sustainable finance by 2030.
The pledge reflects collective efforts of national banks towards a sustainable future.
Dubai, UAE - The Saudi Electricity Company (SEC), the largest producer, transmitter, and distributor of electrical energy in the Middle...The announcement was made during a special event SEC organized on the sidelines of the United Nations COP28 climate-change summit in Dubai
The SEC said it has signed seven agreements with leading local and international companies, including LUCI, Al-Fanar, Sal Italy, CHINT Saudi Arabia, Siemens, etc
They will defend a collaborative method for AI's future.Meta is one of the biggest believers in the open-source model and argues against keeping AI's future holed up in the secretive labs of a few tech giants
Unlike OpenAI's GPT-4, the model behind ChatGPT, Meta has made its LLaMA models easily available for researchers and startups to tinker with and perfect
European Commission, the EU's executive arm, first proposed an AI law in 2021 that would regulate systems based on the...Negotiators from EU Parliament and EU member states will meet on Wednesday from 1400 GMT, with talks expected to last into the evening
Although there is no real deadline, senior European Union figures have repeatedly said the bloc must finalize the law before the end of 2023
Dubai, UAE--The Arab Coordination Group (ACG), a strategic alliance comprising regional and international development institutions, announced at COP28 an allocation...The important aspects of the plan include mobilising financial resources by increasing the use of green bonds and risk mitigation tools
The ongoing COP28 in Dubai lays emphasis on substantially ramping up climate financing and expediting the transition process
He hopes it will compete with ChatGPT's Open AI.An official filing to US Securities and Exchange Commission said xAI artificial intelligence company had already gathered $134.7 million and plans to raise $1 billion overall
The filing added that there was a firm agreement to raise the full funds needed to meet the target, indicating that Musk may have deals in place for the full billion
They will advance solutions in financial decarbonization.The partnership entails both to focus on derivatives or financing solutions related to energy, carbon, renewables, battery energy storage systems, and green products
Engie is a global leader in low-carbon energy and services, including renewables, committed to accelerate the transition towards a carbon-neutral world
LONDON, UK - A Western price cap imposed a year ago on Russia's oil has had limited success with Moscow increasingly...The cap was jointly imposed on December 5, 2022 by the European Union, Australia and the Group of Seven rich countries.
Initially successful, it lost its impact once President Vladimir Putin's Russia found new buyers for its oil and new tankers to deliver it.
The companies have signed two agreements.Tawzea is a 50:50 joint venture between Saudi Arabian Amiantit Co and Sustained Infrastructure Holding Co.
Under the first contract, Tawzea will operate and maintain the water network in Makkah and its governorates.
- The investment is aimed at powering 4,000 electric vehicles.
The collective investment aims to power 4,000 electric buses, trucks, and commercial vehicles, contributing to the global transition to cleaner transportation by 2026.
London-based Zenobē, established in 2017, specializes in electric vehicle (EV) fleet solutions and large-scale battery storage.
