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AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

OpenAI announces Sam Altman to return as CEO

In a letter released to media, the vast majority of the company's 770-strong staff suggested they would follow Altman unless...
  • OpenAI's board sacked Altman last week, with Microsoft's CEO Satya Nadella announcing soon after he was hiring Altman
  • But in the fast-moving sequence of events, Altman said Tuesday he had the support of Nadella for his return as OpenAI's CEO

AI, Industry 4.0 transform Middle East manufacturing

"As we look ahead, the manufacturing landscape is set to continue evolving, navigating through the VUCA (volatility, uncertainty, complexity, and...
  • Saudi Arabia, the UAE, and Egypt spearhead the Middle East's manufacturing growth, harnessing AI and Industry 4.0 to revolutionize their economic landscape.
  • In 2024, Middle Eastern manufacturers will focus on smart manufacturing, AI-enhanced supply chains, and digital ecosystems, driving sustainable growth in a pivotal year.

OpenAI faces leadership crisis as staff threaten to follow Altman to Microsoft 

This mass discontent follows the unexpected dismissal of OpenAI co-founder Sam Altman, whose leadership in AI advancements like ChatGPT has...
  • This mass discontent follows the unexpected dismissal of OpenAI co-founder Sam Altman, whose leadership in AI advancements like ChatGPT has been crucial.
  • Reports had also been circulating that Altman is planning to launch a new AI venture and announcement was expected as soon as this weekend

Adoption of electric vehicles in US face infrastructure hurdles

NEW YORK, US - The US transition to electric cars has hit a speed bump, with concerns about vehicle range and...
  • Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs at dealerships.
  • The network of EV charging stations in the US remains dodgy, with many areas either lacking infrastructure or equipped with unreliable machines

Big tech firms have been fined billions, but not paid them

PARIS, FRANCE - Rarely a month goes by without big tech companies getting fined for price fixing, squashing competitors or misusing...
  • Ireland's data regulator confirmed that Meta has not paid any of the US$2.2 billion in fines issued since last September.
  • Amazon is still appealing against a US$812 million fine from 2021, Luxembourg's data regulator said.

AI, NLP transform business operations in Gulf region

AI and NLP are revolutionizing workplace efficiency by enabling employees to swiftly access essential information, thereby augmenting customer and personal...
  • AI is creating a 'frictionless' work environment, streamlining daily operations.
  • Invisible apps provide seamless integration, enhancing employee efficiency.

In shock move, OpenAI sacks ChatGPT star CEO Sam Altman

His dismissal caught the tech world by surprise, with rumors rife on social media as to the cause of the...
  • Altman became a tech world sensation with the release nearly a year ago of ChatGPT, an artificial intelligence (AI) chatbot with unprecedented capabilities
  • Analysts scrambled to interpret the shakeup, and the sacking of 38-year-old Altman, a Stanford University dropout, entrepreneur and computer coder

Meta, TikTok challenge incoming EU digital market law

Brussels, Belgium - Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set...
  • As with the Digital Services Act, which came into force in August, and the 2016 General Data Protection Regulation, the DMA comes with sharp teeth.
  • Companies found infringing the DMA expose themselves to fines that could go as high as 20 percent of their global turnover, or even orders to be broken up.

US chip curbs disturb Chinese firms AI projects

Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts...
  • E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions
  • The curbs now target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere

Focus shifts to societal impact and ethical use of AI

AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...
  • AI and data stakeholders will gather at Global Data Dialogue 2023 - to be hosted in Dubai next week by DataLEADS - to discuss AI's sector-wide transformative potential.
  • Through engaging panel discussions, illuminating show-and-tell sessions, the summit endeavors to spark dialogues that will shape the trajectory of AI and and data science globally

White House rolls out ‘concrete safeguard’ policies for federal AI

Washington, US - "Concrete safeguards" for government use of artificial intelligence were announced by the White House on Thursday, as it...

Latest News

solutions by stc, Devoteam ink MoU

The aim is to foster avenues for collaboration in technology.

Israel’s AI-enabled tech usage in Gaza sparks new fears

New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for...

AI game gains popularity during Chinese New Year festivities

SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to...

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EU gives accent to landmark rules on artificial intelligence

Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...
  • Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after chatbot ChatGPT exploded onto the scene.
  • EU ambassadors finally signed off on the text during a meeting Friday in Brussels, after French and German concerns were assuaged.

UAE signs pact to develop digital infrastructure in Greece  

ABU DHABI, UAE  - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...
  • Data centers to be developed under this MoU can reach a total capacity of 500 megawatts.
  • The data center market in Greece has witnessed significant growth in the last few years.

The DCO Council announces multilateral initiatives to bridge digital divide

Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...
  • Topics of discussion included cross-border market growth; the value of data; human-centric and sustainable digital economy
  • The DCO Council also announced the joining of Bangladesh, Qatar, and Greece as the new member states