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
Russian tech company Sber launches GPTChat rival Gigachat
The state company said in a statement on its website that it was "launching its own version" of a chatbot,...
- Sber said GigaChat can "have a conversation, write messages, respond to factual questions" but also "write code" and "create images from descriptions".
- Russia has been strengthening its domestic technology sector, particularly since being hit by Western sanctions after the Kremlin launched its Ukraine offensive.
Business
Maqta Gateway buys TTEK
The total acquisition cost comes to US$26.7 million.
- This move will reinforce Maqta Gateway's market position as a leading digital trade and holistic single window solution provider.
- TTEK’s solutions use over 1.5 million risk indicators and AI predictive modeling to establish more reliable border security controls.
Geostrategy
UK to test new alert system on mobile phones
LONDON, UK - The UK will conduct its first test of a new emergency alert service on Sunday, with millions of...
- The alert system, modeled on schemes in Canada, Japan, and the US aims to warn the public if there is a danger to life nearby.
- Emergency services and the government hope to use the system to alert people to issues such as severe flooding and fires.
Science
SpaceX Starship, world’s biggest rocket, explodes during first flight test
Starship, the most powerful rocket ever built, exploded during its first flight, but Elon Musk congratulated his SpaceX team on...
- The Starship spacecraft that will eventually carry crew and cargo had been scheduled to separate from the first-stage rocket booster three minutes into the flight.
- Despite the failure to complete the full 90-minute flight test and reach orbit, SpaceX and Musk, the founder and CEO of the private space company, declared it a success.
Economy
EU parliament approves sweeping cryptocurrency rules
The European Parliament approved the comprehensive rules to regulate the "Wild West" world of cryptocurrencies, hoping to protect investors against...
- Under the regulation known as Markets in Crypto Assets (MiCA), cryptoasset service providers (CASPs) must protect customers' digital wallets.
- Large providers will also have to disclose their energy consumption as part of the EU's efforts to reduce cryptocurrencies' high carbon footprint.
Business
Ericsson Q1 net profit at $155m
Firm announced that it would slash 8,500 jobs worldwide.
- Ericsson said it expects customers "to remain cautious" with investments and continue to adjust their inventories in the second quarter.
- Sales rose 14 percent but were flat when adjusting figures to take currency exchanges and other parameters into account.
Business
Elon Musk lays out plan to create ‘truth-seeking’ AI
Musk's founding of X.AI artificial intelligence corporation, a rival to OpenAI came several weeks before he joined experts in signing...
- The billionaire boss of Twitter voiced anew his concerns about the danger of AI, saying it has "the potential of civilizational destruction"
- Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents
Business
A ‘VUCA’ world demands digital resilience
As organizations prepare for the next wave of disruption, including responding to cyber-attacks, keeping the enterprise environment secure, and accommodating...
- We surveyed over 2,500 organisations from a variety of vertical markets including financial services, education, government, gaming, utilities, healthcare and retail and eCommerce
- Many enterprise organizations are opting for a hybrid model and adapting their workplace, not only for health reasons but also for efficiency and cost reduction benefits
Business
Presight signs MoU with Senegal for digital transformation in African nation
Abu Dhabi, UAE--Presight AI and the Ministry of Communication, Telecommunications and Digital Economy of the Republic of Senegal (MCTEN), have...
- In order to transform government services, Presight will work with Senegal to support and deliver turnkey solutions using big data analytics and AI technology
- The agreement is expected to boost governemnt efficiency, create a better business environment, and promote socio-economic development in the country.
Business
Elon Musk establishes X.AI artificial intelligence company in Nevada
San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to...
- According to an insider report, Musk has purchased costly computing processors and hired engineering talent as part of an AI project at Twitter
- Google, Meta and Microsoft have spent years working on AI systems to help with translations, search and targeted advertising
Company News
Latest News
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...
Business
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...
Economy
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...
Arts & Culture
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Business
Bayanat, Yahsat to merge
It will benefit from revenue synergies, economies of scale.
- The merger will create an AI-powered space technology champion in the MENA region with an implied market capitalization of over US$4 billion.
- The combined entity will be vertically integrated and optimally positioned to capture regional, global opportunities in geospatial and mobility solutions.
Research
79% UAE employees think digital skills crucial for success
Dubai, UAE – About 79 percent of UAE employees believe digital skills are crucial for business success, and 84 percent...
- The survey included over 5,500 working adults from the UAE, France, Germany, Ireland, Italy, Sweden, Switzerland, the Netherlands, and the UK
- A significant 81 percent of UAE employees also believe that businesses should actively foster the development of AI skills in their workforce.
Geostrategy
UAE issues federal decree on regulating electronic, digital media
ABU DHABI, UAE - The UAE Government has issued a federal decree which aims to regulate and organize media in...
- The decree aims to promote the UAE as a global media hub and establish an enabling environment for the growth and prosperity of the sector.
- The provisions of the decree apply to individuals, organizations, media outlets, and free zones dedicated to the media in the UAE.