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Tech & Media

AD Ports Group 2024 net profit $484m

The Group's revenue increased 48 percent year-on-year.

TAQA net income $1.93bn in 2024

The company's revenues increased 6.7 percent year-on-year.

ADNOC L&S 2024 net profit $756m

The company's revenue increased by 29 percent to $3.54 billion.

ADNOC Distribution 2024 net profit down 7%

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

Cyber insurance shapes the future of cybersecurity

Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery...

UK to hold first AI summit, says Sunak on his US visit

Opening his two-day trip, the prime minister announced that Britain would hold the world's first summit on artificial intelligence in...
  • Britain's PM Rishi Sunak will meet President Joe Biden at the White House on Thursday for talks during which he will also voice unstinting support for Ukraine
  • Sunak opened his two-day US visit by laying a wreath at the Tomb of the Unknown Soldier at Arlington National Cemetery, with soldiers firing a 19-gun salute

AI meets VR to keep Holocaust memory alive

Through AI, users of a VR headset can have a "conversation" with Holocaust survivor Inge Auerbacher, asking about her encounters...
  • The project is a collaboration between Los Angeles-based company StoryFile, the World Jewish Congress and Facebook-owner Meta,
  • StoryFile co-founder Stephen Smith, who has worked in Holocaust education, said the technology allows users to "talk to history through the people who went through it".

US SEC sues cryptocurrency platform Coinbase

NEW YORK, US -  US securities regulators sued Coinbase on Tuesday, alleging that the cryptocurrency platform's failure to register as a securities...
  • "Since at least 2019, Coinbase has made billions of dollars unlawfully facilitating the buying and selling of crypto asset securities," said the SEC.
  • SEC said Coinbase's failure to register "has deprived investors of significant protections, including inspection, record-keeping requirements."

YouTube most popular app on Android devices for UAE children

Dubai, UAE - YouTube emerges as the most popular app among children in the UAE on Android devices, with 37.8...
  • Baby Shark was the most searched for song among children, while Roblox and Minecraft were the favored games
  • Korean pop groups BLACKPINK and BTS, along with Puerto Rican artist Bad Bunny, topped the list of musical preferences

Apple launches spatial computer; takes VR world by storm

CUPERTINO, California: Apple on Monday unveiled Apple Vision Pro, a spatial computer that seamlessly blends digital content with the physical...
  • Apple CEO Tim Cook says: “Today marks the beginning of a new era for computing."
  • The breakthrough design of Vision Pro features an ultra-high-resolution display system that packs 23 million pixels.

‘AI adoption in UAE’s industries to propel economic diversification’

Abu Dhabi, UAE - The adoption of  artificial intelligence (AI)  is critical to propelling diversification of economic growth in the...
  • The MBZUAI commencement ceremony celebrated 59 students graduating with a master's in computer vision (CV) and machine learning (ML), and natural language processing
  • Guests and attendees gained insight into the exploration taking place at MBZUAI and the importance of these the projects utilising AI to solve humankind’s most pressing challenges

Human extinction threat ‘overblown’ says AI sage Marcus

In March, alarmed that ChatGPT creator OpenAI was releasing its latest and more powerful AI model with Microsoft, Marcus signed...
  • Instead of putting the focus on more far-fetched scenarios where no one survives, society should be putting attention on where real dangers lie, Marcus surmised
  • At a US Senate hearing in May, seated beside OpenAI's Altman, Marcus argued for the creation of a national or international agency responsible for AI governance

More GCC newspapers cease weekend publishing

Major GCC newspapers -- including Khaleej Times and Gulf News -- have ceased weekend editions due to financial pressure and...
  • Major GCC newspapers -- including Khaleej Times and Gulf News -- have ceased weekend editions due to financial pressure and declining readership.
  • The move has drawn mixed reactions, with some appreciating the step towards digital adaptation and others worrying about the potential impact on journalism quality

Nvidia crosses $1trn in market value on Wall Street

Chip company Nvidia exceeded $1 trillion in market value as Wall Street stocks mostly rose, following an agreement between President...
  • Nvidia jumped more than seven percent on bullish sentiment over its role in artificial intelligence breakthrough technology.
  • Most large tech companies advanced early Tuesday, with shares of Facebook parent Meta and Apple both up more than one percent.

Global action needed to reduce ‘extinction risk’ from AI, say experts

A one-line statement signed by dozens of specialists, including Sam Altman whose firm OpenAI created the ChatGPT bot, said tackling...
  • ChatGPT has demonstrated an ability to generate essays, poems and conversations from the briefest of prompts -- and sparking billions of dollars in investments.
  • Critics and insiders have raised the alarm over everything from biased algorithms to the possibility of massive job losses as AI-powered automation seeps into daily life.

Cyber insurance shapes the future of cybersecurity

Cyber insurance, particularly around ransomware, is moving towards a world where insured businesses have strong cyber resilience, well-defined disaster recovery...

Company News

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AI breathes new life into old trends at CES gathering

Models on which AI is built have improved dramatically since last CES and the debut of OpenAI's ChatGPT, and they...

Penguin, SkyBlue ink MoU

The aim is to redefine outdoor media advertising in Abu Dhabi.

Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’

DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...

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Google agrees to settle $5bn data privacy breach lawsuit

Google has agreed to settle a consumer privacy lawsuit seeking at least $5 billion in damages over allegations it tracked...
  • The lawsuit, filed in a California court, claimed Google's practices had infringed on users' privacy by "intentionally" deceiving them
  • Lawyers for the plaintiffs were seeking at least $5,000 for each user it said had been tracked as they visited Google Analytics in private browsing mode

US bans import of Apple Watch due to patent clash

A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto...
  • Apple last week paused its US sales of Apple Watch Series 9 and Apple Watch Ultra 2.
  • The move came into effect on the online Apple Store on December 21, with retail locations ceasing sales December 24.

Saudi Arabia jumps to second rank in ICT index among G20 nations

Riyadh, Saudi Arabia -- Saudi Arabia jumped 10 ranks to second place among the G20 countries according to International Telecommunication...
  • The index monitors the economies of 169 countries to measure their progress in ICT services through two main pillars ‘universal connectivity’ and ‘meaningful connectivity.
  • It reflects the robust and developed digital infrastructure, with an increase of 99 percent of Internet penetration rate in Saudi Arabia.