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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

DEWA’s R&D Center develops technology to simulate leaks in water transmission pipes

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) ’s Research and Development (R&D) Center has developed an advanced, smart...
  • The center developed the facility using software and hardware, based on the concept of the Internet of Things (IoT).
  • Based on experimental data using the facility, the developed algorithm was able to identify leakage events with 94.4 percent accuracy.

Top 3 deepfake threat scenarios users face in 2023

Dubai, UAE - The number of deepfake videos online is increasing at an annual rate of 900 percent according to...
  • Deepfakes can be used for social engineering, where criminals use enhanced images to impersonate celebrities
  • Deepfake videos can be created by manipulating a person’s face onto a pornographic video, causing harm and distress

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

Gemini’s inaccurate AI racial images warn of tech titans’ power

AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

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Rules are fine but educate public about generative AI: Expert

Dubai, UAE -- Regulations alone will not safeguard the public against nefarious uses of Artificial Intelligence, people also need to...

Google Chrome begins restricting cookies in first step towards elimination

Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...

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...

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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...
  • This initiative positions Invest Qatar as one of the first investment promotion agencies (IPA) in the world to adopt advanced technology.
  • This will pave the way for transformative changes in professional interactions between investors and businesses in Qatar.

5 WEF reports shaping your 2024 agenda

From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of...
  • Buffeted by a global energy crisis, inflationary pressures and geopolitical instability, the move to clean energy has faced a challenging time.
  • This year's top 10 emerging technologies will likely become increasingly familiar in the years ahead as they help tackle some of our biggest challenges.

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