Italy begins probe into OpenAI’s new video tool Sora
ROME, ITALY – The European country's data protection watchdog - Italian Data Protection Authority - said on Friday it has launched...
Geostrategy
Business
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.
Science
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.
Business
Falcon 40B, UAE’s open-source AI model ranks No 1 on Hugging Face’s Leaderboard
Abu Dhabi, UAE - Falcon 40B, the UAE’s first large-scale open-source, 40-billion-parameter AI model launched by Abu Dhabi’s Technology Innovation...
- Falcon 40B managed to beat back established models such as LLaMA from Meta (including its 65B model), StableLM from Stability AI, and RedPajama from Together
- Hugging Face’s Open LLM Leaderboard is an objective tool open to the AI community that tracks, ranks, and evaluates LLMs and chatbots as they are launched
Economy
Safeguarding ‘digital public square’ is essential
States are struggling and “often failing” to protect online space for the common good, “swinging between a laissez-faire approach that...
- UN High Commissioner for Human Rights emphasizes the necessity of a safe online environment for a fully functioning society
- Volker Türk criticizes the laissez-faire approach and overbroad regulations hindering the proper protection of online space
Business
Twitter withdraws from EU disinformation code
Twitter has decided to leave the EU's disinformation code, a voluntary pact that groups together the major social platforms, but...
- Since buying the social network six months ago, billionaire Elon Musk seems to have relaxed the moderation of problematic content.
- The code was written by the industry players themselves and contains over three dozen pledges such as better cooperation with fact-checkers.
TRENDS Poll: 38% feel AI threatens their jobs
New job opportunities are expected to emerge, but only individuals with advanced technological skills and education would be eligible for...
- TRENDS conducted a Twitter poll, asking its followers whether their jobs were at risk due to AI in an attempt to gauge its impact
- The results revealed that 38 percent of respondents believed their jobs were at risk, while 31 percent responded negatively
Economy
‘Partnerships with technology leaders help in Dubai’s digital transformation’
DUBAI, UAE - First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh...
- Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.
- The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.
Science
Humans must stay in control of AI, European trade union chief warns
BERLIN, GERMANY — No employee should be “subject to the will of a machine”, European trade union chief Esther Lynch...
- In the same way that EU treaties protect health and safety in the workplace, rules are needed to guarantee “the human-in-control principle” when it comes to AI, Lynch said.
- Lynch, general secretary of the European Trade Union Confederation since last December, will head the four-day ETUC Congress that kicks off in the German capital.
Business
Data democratization a ‘game-changer’ for businesses
Experts highlight need for data literacy, good governance, and stringent security measures as data democratization revolutionizes decision-making in businesses in...
- Experts highlight need for data literacy, good governance, and stringent security measures as data democratization revolutionizes decision-making in businesses in the region
- Businesses in the region urged to take data security measures like threat detection, encryption, and anomaly detection as essential drills in this era of data democratization.
Business
Need for big investments dark cloud over ChatGPT revolution
Building something even near the scale of what OpenAI, Microsoft or Google have on offer would require billions in investment...
- Generative AI will be even more dependent on cloud computing and tech giants, leaving the same players in the driver's seat.
- Regulators are hoping that they can keep up, and not leave the giants in charge, imposing their terms on smaller companies.
Company News
Latest News
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...
Business
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...
Geostrategy
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Business
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.
Economy
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.
Arts & Culture
7,000 digital marriage contracts delivered in Abu Dhabi since Oct
Abu Dhabi, UAE -- The Abu Dhabi Judicial Department has introduced a new service that allows marriage contracts to be...
- This is the first service of its kind and it enables the marriage contract to be sent directly to the spouses during the contract session.
- Customers can review the available times of the authorized officiants and receive the results of the suitors' medical examination automatically.