Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Anthropic announces massive AI chip deal with Google

San Francisco, United States - Artificial intelligence giant Anthropic said Thursday it was expanding its use of Google cloud computing...
  • The arrangement will include Anthropic buying as many as one million Tensor Processing Units (TPUs), which are integrated circuits custom-designed by Google
  • The expansion promises to let Anthropic bring more than a gigawatt of new computing power online by the end of 2026, enabling it to meet "exponentially growing demand."

Celebrities, AI giants urge end to quest for superintelligence capable of outsmarting humans

Signatories include the "Godfather of AI" and 2024 winner of the Nobel Prize in Physics Geoffrey Hinton; Computer Sciences Professor...
  • Most major AI developers are striving for artificial general intelligence (AGI), a stage where AI would match all human intellectual capabilities, and even superintelligence
  • Speaking at an event organised by the media group Axel Springer in September, OpenAI CEO Sam Altman said that superintelligence could be achieved within the next five years

OpenAI unveils search browser in challenge to Google

San Francisco, United States - ChatGPT-maker OpenAI on Tuesday announced an "Atlas" search browser, leveraging its artificial intelligence prowess in...
  • "This is an AI-powered web browser built around ChatGPT," OpenAI chief Sam Altman said in a streamed presentation
  • OpenAI has ramped up its challenge to Google, which has responded by rapidly building more AI capabilities into search and across its platform

Iraq bans Roblox game platform citing ‘moral values’

Iraq has banned US gaming platform Roblox over what it described as sexual content, blasphemy and risks of online blackmail...
  • The popular site, which lets players build their own games, has repeatedly been accused of failing to protect its youngest players in recent years
  • Iraq's communications ministry said late Sunday that it wanted to "protect social order, preserve moral values" and "ensure the safety of internet users in Iraq."

US soliciting new bids for Moon mission amid SpaceX delays: NASA chief

The US space agency's Artemis program hopes to return humans to the Moon as China forges ahead with a rival...
  • Blue Origin is the Jeff Bezos-founded rival of SpaceX. That company currently has the contract for the fifth planned mission of the multibillion-dollar Artemis program.
  • US President Donald Trump's second term in the White House has seen the administration pile pressure on NASA to accelerate its progress.

OpenAI big chip orders dwarf its revenues – for now

New York, United States - OpenAI is ordering hundreds of billions of dollars worth of chips in the artificial intelligence...
  • In less than a month, the San Francisco startup behind ChatGPT has committed to acquiring a staggering 26 gigawatts of sophisticated data processors from Nvidia, AMD, and Broadcom
  • Silicon Valley-based Nvidia has announced plans to invest up to $100 billion in OpenAI over several years to build the world's largest AI infrastructure

China’s power paradox: record renewables, continued coal

Bangkok, Thailand -- Call it the China power paradox: while Beijing leads the world in renewable energy expansion, its coal...
  • China accounted for 93 percent of new global coal construction in 2024, the Centre for Research on Energy and Clear Air (CREA) found.
  • China wants 3,600 gigawatts of wind and solar by 2035, but that may not meet future demand, risking further coal increases.

Non-Human Identities: How Agentic AI is creating a new, unseen frontier in enterprise cybersecurity risk

Adept at grasping context, planning and adaptive problem-solving, the agentic AI execute complex, multi-step processes with minimal human intervention or...
  • In order to interact with different systems on our behalf, agentic AI has given rise to non-human identities (NHIs)
  • The proliferation of NHIs in security blindspots, including leveraging cryptography assets, vastly increases the attack surface for malicious actors

OpenAI halts MLK videos as deepfakes spark outrage

Washington, United States -- OpenAI has suspended its Sora 2 artificial intelligence tool from creating videos of civil rights icon...
  • The slain civil rights leader's estate and OpenAI said the company would pause generations depicting King while it "strengthens guardrails for historical figures."
  • Videos reanimating other dead figures including Malcolm X, Michael Jackson, Elvis Presley and Amy Winehouse have flooded social media since Sora 2's launch on September 30.

WEF’s Dubai Summit tackles existential digital risks

DUBAI, UAE – A powerful confluence of more than 500 experts and 150 cybersecurity leaders has converged in Dubai for...
  • The meeting will inform and drive collaborative solutions to shared challenges.
  • This year’s meetings will provide much-needed space to navigate uncertainty, decode emerging trends and strengthen resilience.

MENA could unlock $1 trillion value by 2030

“The opportunity for MENA is significant, and the value will come from execution,” said Wissam Yassine, partner and Middle East...

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Firms lag as AI-driven fraud surges: Study

The report, published by the Association of Certified Fraud Examiners and analytics firm SAS, highlights widening gaps between rapidly evolving...

The shift from innovative to native: Unlocking where real AI value lies

There are, of course, technical hurdles to overcome, too, one of which is modernizing legacy systems. Many enterprises still operate...

MEA market decision-making cycle is fast but risk-averse: Ralph Melis 

The Middle East and Africa (MEA) markets are characterized by rapid growth, high owner influence, diverse operator models, and a...

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Meta, YouTube face trial over children harm

Opening statements in the first trial began in Los Angeles County Superior Court, where Instagram parent company Meta and Google’s...
  • The case may influence thousands of lawsuits alleging social media features harmed young users’ mental health and wellbeing.
  • Meta and YouTube have denied the allegations, saying they have implemented tools and policies aimed at improving safety for younger users.

GCC as the bridge in a fragmented global ad tech market

S4 Capital founder Martin Sorrell tells TRENDS digital dominance, AI disruption and consolidation are reshaping global advertising, urging agile, tech-first...
  • The industry is effectively “two industries” — a fast-growing digital sector and a declining traditional media business — Martin Sorrell told TRENDS
  • CMOs should stop experimenting with AI and move to full-scale implementation, radically reorganising workflows and cutting creative costs, he adds

Battle of the Tech Hubs

The GCC is competing to build world-class technology hubs, investing heavily in AI, infrastructure, and sovereign capital to drive digital...
  • The GCC smart cities and digital transformation market reached $145.5 billion in 2024 and is expected to reach $907 billion by 2032.
  • Abu Dhabi’s Mubadala, for instance, was the largest sovereign-owned investor globally in 2024, deploying $29 billion across 52 deals, a 67 percent increase from the previous year.