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Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

AI helps KSA rule Global Government Strategy Index

Saudi Arabia's impressive performance in the 2023 Global AI Index is attributed to its comprehensive National Strategy for AI and...
  • Saudi Arabia's impressive performance in the 2023 Global AI Index is attributed to its comprehensive National Strategy for AI and dedicated government agency
  • Germany ranks second, while China takes third spot in the Tortoise Intelligence's Government Strategy Index for AI that evaluates 100 criteria across seven indicators

UAE Head of Cyber Security leads delegation to conference in Israel

ABU DHABI, UAE  - Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the Government, led a high-level UAE delegation...
  • The UAE delegation met with the stakeholders in the Israeli cyber ecosystem including investors and top experts.
  • The visit provided valuable insights into the latest global trends in cybersecurity and allowed the participants to explore potential collaborations.

New WEF report reveals technologies to impact world in the next five years

TIANJIN, CHINA -  The World Economic Forum on Tuesday announced its annual list of breakthrough technologies with the greatest potential...
  • The new technologies include flexible batteries, generative AI and sustainable aviation fuel.
  • These would be disruptive, attractive to investors, researchers, and achieve considerable scale within five years.

Will Artificial Intelligence really destroy humanity?

A group of scientists who were using AI to help discover new drugs ran an experiment where they tweaked their...
  • A less overtly sci-fi scenario sees "bad actors" using AI to create toxins or new viruses and unleashing them on the world
  • Large language models like GPT-3, which was used to create ChatGPT, it turns out are extremely good at inventing horrific new chemical agents

Extended reality: XR tech transforms GCC businesses

XR technologies -- encompassing AR, VR, and MR -- are rapidly gaining traction across diverse sectors in the Gulf region,...
  • XR technologies -- encompassing AR, VR, and MR -- are rapidly gaining traction across diverse sectors in the Gulf region, including academic, entertainment, and gaming
  • The new XR technologies are also reshaping retail and remote work, blurring the lines between the virtual and physical realms, says Raed Mikail, Founder and CEO of AVR Labs

AI chip giant Nvidia likely to invest in Europe

SANTA CLARA, US -  The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in...
  • Nvidia would join other semiconductor giants like Intel that are also looking to open new operations in Europe.
  • The US firm, which specializes in chips coveted in the artificial intelligence boom, has seen its value hover around $1 trillion in recent weeks.

Operation Triangulation: Your iOS device might be at risk

Dubai, UAE - A highly sophisticated malware, known as Operation Triangulation, has recently been unveiled, revealing the covert surveillance capabilities...
  • The spyware operates discreetly, leaving no trace of its activities on the infected devices upon reboot
  • TriangleDB, the implant deployed in devices, operates in the device's memory, erasing any evidence of its presence

Arabs endorse draft law, strategy to regulate social media, up to $2m penalty for violation

The law will apply to a wide array of “illegal content” including, but not limited to, false and fake news,...
  • The objective is to establish a harmonized Arab legislative and fiscal base, which will safeguard Arab content and users
  • The strategy will address a wide array of “illegal content” including, but not limited to disinformation campaigns, false and fake news

NEOM and Volocopter conduct successful flight trials of air taxis

Riyadh, Saudi Arabia -- NEOM and Volocopter have announced a series of successful flight trials of electric vertical vehicles (eVTOL),...
  • The project is the result of an 18-month partnership between NEOM, the General Civil Aviation Authority (GCAA), and Volocopter.
  • The flight trials mark the first ever testing of an electric and zero-emission urban air mobility (UAM) system in Kingdom's futuristic city.

Gulf telecom shows robust growth, eyes new avenues

Driven by expats and national development programs, the UAE and Saudi Arabia are expected to experience growth in consumer and...
  • Driven by expats and national development programs, the UAE and Saudi Arabia are expected to experience growth in consumer and enterprise segments, say experts
  • Telecom operators in the region are diversifying into fintech, gaming, healthcare, cybersecurity, cloud, IoT, and emerging tech, driving digital transformations across sectors

ESA, SAP ink agreement

ESA will consolidate operations under a single ERP solution

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EU court’s adviser says $2.6bn fine on Google be upheld

Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...

Chinese experts decode Apple’s encrypted AirDrop messaging

Beijing, China - Chinese state-backed experts have found a way to identify people who use Apple's encrypted AirDrop messaging service, according...

CES2024 pet tech: Throw a dog a bone – or an AI collar

Las Vegas, United States - They don't own smartphones and can't go online, but that doesn't prevent them from being connected:...

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CES gadget fest a showcase for AI-infused lifestyle

The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...
  • CES exhibitor and attendee numbers have jumped each year since the Covid-19 pandemic caused it to be an online-only event in 2021
  • While the show is increasingly a showcase for startups, big brands such as Amazon, Google, Intel, Netflix, Samsung, SonY will also be there

Baims acquires Orcas Edtech

The firm plans to incorporate one-to-one tutoring services.
  • Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan.
  • Capitalizing on its market share in Saudi Arabia, Baims is poised to launch a specialized AI-driven test preparation product.

Utilizing AI is only possible if skill gap is bridged, says expert

DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
  • As the rate of AI adoption increases, humans are essential to guiding the technology’s implementation and usage of these technologies.
  • Executives estimate that up to 40 percent of their workforce may need to reskill as a result of implementing AI or automation over the next three years.