INSEAD Day 4 - 728x90

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

AI to cancer vaccines: Emerging technologies edge closer to large-scale adoption

World Economic Forum's Top 10 Emerging Technologies Report 2026, developed alongside the Dubai Future Foundation, has identified 10 technologies that...

Europe hyperloop test hits new speed record in Dutch trial

The Hague, Netherlands -- A Dutch tech startup said Wednesday it had set a European speed record for its futuristic...
  • Hardt Hyperloop said its vehicle had reached 85 kph at the 420 meter European Hyperloop Center test track in the Netherlands and had carried out a complex lane switching test.
  • It said the lane switching maneuver -- essential for networked routes -- showed there were no technical barriers to operating at aircraft-like speeds.

MBZUAI, G42 launch K2 Think: Leading open-source system for advanced AI reasoning

Abu Dhabi, UAE -- The Institute of Foundation Models at Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and G42...
  • K2 Think embodies a new approach to building smarter, more efficient AI, as with just 32 billion parameters, it outperforms flagship reasoning models that are 20X larger.
  • This breakthrough in parameter efficiency makes K2 Think a powerful alternative for advanced reasoning, redefining what is possible with compact architectures

AI giant Anthropic to pay $1.5 bn over pirated books

San Francisco, United States - Anthropic will pay at least $1.5 billion to settle a US class action lawsuit over...
  • "This landmark settlement far surpasses any other known copyright recovery," said plaintiffs' attorney Justin Nelson. "It is the first of its kind in the AI era."
  • San Francisco-based Anthropic announced this week that it raised $13 billion in a funding round valuing the AI startup at $183 billion

Norway experiments with electric plane in real-life test

Oslo, Norway -- An electric plane took to the skies between the Norwegian airports Stavanger and Bergen on Thursday, simulating...
  • The small aircraft -- an Alia built by US aircraft manufacturer Beta -- flew the 160 kilometers in a test run by the Norwegian affiliate of the transport company Bristow.
  • The flight took 55 minutes and simulated a cargo flight route in southeastern Norway.

Apple to lower iPhone 12 radio power across EU

Paris, France - Apple will update software on iPhone 12 handsets across the EU to lower the power of their...
  • The software update, scheduled "in the coming weeks" across the EU, is in line with a 2023 change made to the phones in France based on testing by ANFR radio frequency authority
  • "We continue to disagree with the French ANFR's testing approach, (but) respect the European Commission's decision," Apple said in a statement

Austrian university develops technique to renew buildings without demolition

Vienna, Austria - A research team from Graz University of Technology in Austria has succeeded in developing an innovative fastening...
  • The system enables the connection and disassembly of building components with ease, allowing the separation of long-term structural elements from shorter-lived components
  • The project won the gold medal in the scientific research competition under the sustainability category and is regarded as a pioneering step towards smart construction

AI helps UK woman rediscover lost voice after 25 years

London, United Kingdom -- A British woman suffering from motor neuron disease who lost her ability to speak is once...
  • Sarah Ezekiel, an artist, was left without the use of her voice after she was diagnosed at the age of 34 with MND while pregnant with her second child 25 years ago.
  • AI tools developed by a New York-based ElevenLabs developed voice very close to her original, complete with her London accent.

Google to provide Gemini AI tools to US government

Google will provide its Gemini artificial intelligence tools to US federal agencies practically free, the government announced Thursday.
  • A suite of AI and cloud computing services called "Gemini for Government" from Google is intended to speed the adoption of the technology across the US government
  • AI tools being provided include generation of video, images, or ideas as well as digital "agents" capable of independently tending to complex tasks

OpenAI releases ChatGPT-5 as AI race accelerates

San Francisco, United States -- OpenAI released a keenly awaited new generation of its hallmark ChatGPT on Thursday, touting "significant" advancements...
  • ChatGPT-5 is rolling out free to all users of the AI tool, which is used by nearly 700 million people weekly, OpenAI said in a briefing with journalists.
  • Co-founder and chief executive Sam Altman touted this latest iteration as "clearly a model that is generally intelligent."

Trump announces 100% chip tariff, pressuring Asian producers

The US president unveiled the levy at the White House on Wednesday ahead of the imposition of sweeping tariffs on...
  • shares in Taiwan's TSMC -- world's largest contract maker of chips -- soared nearly 5% after the government said the company will not be affected.
  • Trump has previously accused Taiwan of having stolen the US chip industry, and earlier this year, TSMC unveiled a plan to invest an extra $100 billion in the United States.

AI to cancer vaccines: Emerging technologies edge closer to large-scale adoption

World Economic Forum's Top 10 Emerging Technologies Report 2026, developed alongside the Dubai Future Foundation, has identified 10 technologies that...

Company News

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Gartner lists 2026’s defining tech: Faster AI, safer clouds, and smarter security

AI supercomputing platforms integrate CPUs, GPUs, AI ASICs, neuromorphic and alternative computing paradigms, enabling organizations to orchestrate complex workloads while...

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...

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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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