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

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.

Logistics: At the heart of economic activity

The global logistics market is expected to be around US$10 trillion in 2024, and is estimated to reach US$21.91 trillion...
  • The logistics market revenue in 2023 was US$485 billion by airways, US$2.85 trillion by waterways, US$2.09 trillion by railways and US$3.52 trillion by roadways.
  • In the Arabian Gulf countries, the focus of the logistics and transport industry is moving from the UAE to Saudi Arabia.

As AI joins the workforce, who gives it authority?

The first generation of enterprise generative AI largely answered questions, summarised documents and produced content. A human usually remained responsible...

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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...

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...

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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.