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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

Google makes case for keeping Chrome browser in US court

Washington, United States - Google on Friday urged a US judge to reject the notion of making it spin off...
  • US government attorneys have called for divesting Google of Chrome browser, contending that AI is poised to ramp up it's dominance
  • They also want Google barred from agreements with partners such as Apple and Samsung to distribute its search tools

Generative AI’s most prominent skeptic doubles down

Vancouver, Canada -- Two and a half years since ChatGPT rocked the world, scientist and writer Gary Marcus still remains...
  • Marcus's criticism centers on a fundamental belief: generative AI, the predictive technology that churns out seemingly human-level content, is too flawed to be transformative.
  • The large language models (LLMs) that power these capabilities are inherently broken, he argues, and will never deliver on Silicon Valley's grand promises.

China’s Xiaomi to invest nearly $7 bn in chips

Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said...
  • Xiaomi, which sells goods from smartphones to vacuum cleaners and EVs, is one of China's most prominent consumer electronics firms.
  • Xiaomi took initial steps into semiconductors for smartphones with the launch of the firm's first in-house chip - the Surge S1 - in 2017.

World’s tiniest pacemaker is smaller than grain of rice

Paris, France -- Scientists said Wednesday they have developed the world's tiniest pacemaker, a temporary heartbeat regulator smaller than a...
  • While still years away from being tested in humans, the wireless pacemaker was hailed as a "transformative breakthrough" that could spur advances in other areas of medicine.
  • Millions of people across the world have permanent pacemakers, which stimulate hearts with electrical pulses to ensure they beat normally.

EU skewers Google, Apple over tech rules – despite Trump threats

The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could...
  • The moves risk opening up a new front in the already fraught relationship between the EU and President Donald Trump,
  • Apple and Google responded that the EU risked European users' security and its moves would hinder innovation

Real challenges of digital transformation

Blockchain enhances security and efficiency by decentralizing data storage, and reducing fraud, David Boast tells TRENDS in an exclusive interview.
  • Businesses face challenges in cloud migration, including regulatory concerns, legacy systems, and employee resistance, says David Boast
  • Poor execution, lack of employee buy-in, and conflicting leadership opinions often lead to digital transformation failures

Humanity’s future is increasingly inseparable from AI

Private sector, governments, and nonprofits must invest in AI education, Jason Alan Snyder tells TRENDS in an exclusive interview.
  • Top executives are leveraging AI to enhance their capabilities, enabling them to become highly innovative communicators, Jason Alan Snyder tells TRENDS
  • A 2024 OECD report reveals that AI is reshaping critical aspects of human development, including health, education, social norms, he adds

A new era of economic growth and productivity with AI

The technology will likely automate millions of jobs, Mark J. Penn, a US businessman, political strategist, and author tells TRENDS...
  • AI is the driving force in productivity and technology for the next few years, Mark J. Penn tells TRENDS
  • AI will give tech innovators the ability to create the next generation of robots and homebots, he adds

From healthcare to finance: How AI is reshaping global industries and GCC economies

A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025
  • KPMG’s recent global study on AI in finance found that the use of AI is rapidly expanding across corporate finance
  • 71% of companies surveyed are using AI within finance operations, while 41% of them use it to a moderate or significant extent

Smart cities lead GCC’s IoT boom: NEOM and Smart Dubai in focus

IoT applications are transforming critical sectors such as transportation, where connected vehicles improve traffic management, utilities where smart grids enhance...
  • For instance, to manage the flow of massive stadium crowds during the FIFA World Cup, Qatar leveraged “digital twins,” aggregating data from 40,000 IoT devices. 
  • In a similar vein, Dubai’s Enterprise Command and Control Center uses a combination of AI, digital camera, and thermal imaging technologies to oversee 11,000 surveillance cameras.

AI-powered ‘nudify’ apps fuel deadly wave of digital blackmail

Washington, United States - After a Kentucky teenager died by suicide this year, his parents discovered he had received threatening...

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Latest News

China’s Xiaomi to invest nearly $7 bn in chips

Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said...

World’s tiniest pacemaker is smaller than grain of rice

Paris, France -- Scientists said Wednesday they have developed the world's tiniest pacemaker, a temporary heartbeat regulator smaller than a...

EU skewers Google, Apple over tech rules – despite Trump threats

The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could...

Most Read

Humanity’s future is increasingly inseparable from AI

Private sector, governments, and nonprofits must invest in AI education, Jason Alan Snyder tells TRENDS in an exclusive interview.
  • Top executives are leveraging AI to enhance their capabilities, enabling them to become highly innovative communicators, Jason Alan Snyder tells TRENDS
  • A 2024 OECD report reveals that AI is reshaping critical aspects of human development, including health, education, social norms, he adds

A new era of economic growth and productivity with AI

The technology will likely automate millions of jobs, Mark J. Penn, a US businessman, political strategist, and author tells TRENDS...
  • AI is the driving force in productivity and technology for the next few years, Mark J. Penn tells TRENDS
  • AI will give tech innovators the ability to create the next generation of robots and homebots, he adds

From healthcare to finance: How AI is reshaping global industries and GCC economies

A study by the World Economic Forum reveals that AI could replace around 85 million jobs by 2025
  • KPMG’s recent global study on AI in finance found that the use of AI is rapidly expanding across corporate finance
  • 71% of companies surveyed are using AI within finance operations, while 41% of them use it to a moderate or significant extent