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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

IOTA Foundation launches US$10m investment fund at Investopia 2024

ABU DHABI, UAE – Minister of Economy and Chairman of Investopia Abdullah bin Touq Al Marri attended the unveiling of...

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

Siemens posts record profit

Its shares rose over 6 percent on the Frankfurt Stock Exchange.
  • The company, whose businesses range from making trains to automating production processes, earned a net profit of $8.62 billion in 2022-2023.
  • Sales, at $84.6 billion, rose 11 percent on the previous year while for 2024, the group expects revenue to grow in a range of between 4 and 8 percent.

Apple to allow applications to be downloaded outside app store

Washington, United States - The American company Apple intends to provide the possibility of downloading applications from outside its official...
  • Developers will also be able to publish their applications in alternative stores without having to pay special fees to Apple
  • The Digital Markets Act requires technology companies to open their services and platforms to other companies and developers

Global Media Congress opportunity for showcasing AI advances: Expert

Abu Dhabi, UAE -- Rapid advances in AI technologies have created a major challenge for the media sector: the difficulty...
  • Professor Charlie Beckett of LSE says it is important to keep pace with AI advances like ChatGPT and Metaverse.
  • He said despite warnings about AI, it remained a useful tool for creating huge content and handling services using algorithms.

Al Ghurair to use Oracle solution

This will help HR teams improve business operations.
  • Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
  • Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.

Blockchain enhances efficiency, security in aviation

Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
  • Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
  • Blockchain technology is revolutionizing aviation with enhanced transparency, security, and operational efficiency, promising significant cost savings, says Aerobloc's founder.

AI safety & innovation: Key focus of UAE-Spain tie-up

“I have been looking very carefully and intensely at the UAE’s strategy on AI, and it resonates a lot with...
  • UAE's artificial intelligence strategy is driving economic growth and establishing it as a global talent hub.
  • Collaboration between Spain and ADIA Lab in Abu Dhabi focuses on knowledge and talent exchange.

81% UAE companies plan to use AI for cybersecurity

AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets,...
  • AI has emerged as a transformative force in various sectors, revolutionizing how businesses operate, make decisions, and secure their assets
  • The research has found that 94% of UAE respondents understand the potential cyber risks, and 89% feel their organization is cyber-ready

AI to contribute in enhancing low-emissions development

BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development.UN Climate Change’s Initiative on Artificial...
  • UN Climate Change’s Initiative on Artificial Intelligence for Climate Action explores the role of AI as a tool for climate action in developing countries.
  • It aims to deliver results both on policy and implementation, under the first joint work program of UN Climate Change’s Technology Mechanism.

Sheikh Hamdan praises ADNOC’s efforts in using AI in production process  

ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the...

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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...

WEF24: Understanding regional nuances key to success

Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.

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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

Rise of GenAI boosts phishing threats during holidays

The sophistication of GenAI-driven phishing attacks requires robust security, including advanced DDoS protection and proactive cyber resilience strategies, says an...
  • The sophistication of GenAI-driven phishing attacks requires robust security, including advanced DDoS protection and proactive cyber resilience strategies, says an expert.
  • Emad Fahmy of NETSCOUT recommends establishing strong passwords, exercising caution online, and extensive use of VPNs to enhance cybersecurity amid rising threats.