Elon Musk files lawsuit against OpenAI over mission ‘betrayal’
Paris, France - Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in...Business
1970s-style inflation, shrinking economy: Rebalance your investments
The painful combination of chronic 1970s-style inflation and a shrinking economy means that you might need to rebalance your investments,...Inflation in Latin America's largest economies is the highest it's been in 15 years, while the overall rate in Sub-Saharan Africa is expected to grow to 12.2 percent this year.
What remains unknown is how long this difficult period of high inflation will go on for and what will be its lasting ‘legacy, said deVereGroup CEO Nigel Green.
OIC aims for 25 percent trade among member states by 2025
OIC has set a target of 25 percent trade among member states in the next three years by 2025 and...Organization of Islamic Cooperation has set a target of 25 percent trade among member states by 2025
Biennial general trade fair is vital for promotion of trade and services among OIC member states
Dubai ruler issues decree establishing toll operator Salik as company
Dubai road toll operator Salik has been established as a Public Joint Stock Company according to a law issued by...According to a law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum the Dubai Government owns all the shares of Salik Company.
The Executive Council of Dubai is authorized to determine the percentage of shares that can be offered for subscription either through an IPO or private placement.
Half of finance firms in UK, US prefer internal data collection
Half of all financial services organizations in the US and UK prefer managing web scraping practices internally, compared to just...50 percent of financial services organisations manage web scraping internally
38 percent, combine internal practices and outsourcing to third parties.
Bear market triggered by panic-selling presents investment opportunities
Fortunes will be made in this current bear market as in-the-know investors use the 20 percent drop as a major...A bear market is the term used to describe the plummeting of financial markets by 20 percent or more from their most recent all-time high.
“Your future self will thank you. The average bear market lasts less than a year and they typically rebound stronger than before," Nigel Green, CEO and founder of deVere Group,
UAE Industry Development Council reviews action plan
Industry Development Council meeting reviews recommendations made at the first meeting, progress in implementing them and discusses the development of...Industry Development Council recommends launching unified platform for industrial data
The council reviews suggestions made at first meeting, reflects on progress in implementing them
UAE-Germany non-oil trade surpasses $130 billion in 10 years
The UAE-Germany non-oil trade exchange exceeded AED 478 billion ($130 billion) from 2012- 2021, according to data from the Federal...The imports accounted for 89.5 percent of the total trade exchanges, while exports 3.5 percent and re-exports accounted for seven percent.
The trade exchanges grew by 12 percent by the end of last year to AED35.3 billion against AED31.5 billion by the end of 2020.
Nana ties up with Google Cloud
The alliance will ensure home delivery in 15 minutes.Powered by Google Cloud, Nana Direct uses the company’s unique artificial intelligence and data warehousing solution to be well informed about business decisions
Google said that by virtue of the collaboration it will be able to bring innovative solutions to e-commerce in the kingdom
Google AI splits opinion on its risks and ambitions
An internal fight over whether Google built technology with human-like consciousness has spilled into the open, exposing the ambitions and...The Silicon Valley giant suspended one of its engineers last week who argued the firm's AI system LaMDA seemed "sentient"
AI remains a delicate topic in and outside the tech world, one that can prompt amazement but also a bit of discomfort
High car sales adds to Iraq’s road misery
Five years ago, Iraqi taxi driver Osama Mohammed would make about six trips a day across Baghdad. Today, traffic is so...Experts point at many reasons for the growing chaos: a post-war mini boom has brought more people and more cars
The research group Future of Iraq estimates that the fuel each vehicle wastes daily by idling in Baghdad traffic jams is equivalent to driving 20 kilometers
