Abu Dhabi launches technology investment company MGX
ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
Business
Facebook, Instagram services restored after widespread outages
More than half a million users across the globe reported issues earlier in the day, with many saying they were...
Geostrategy
Business
Meta confirms it is working on potential Twitter rival
SAN FRANCISCO, US - Facebook owner Meta is working on a new "text sharing" social media platform, it said Friday, in...
- Since billionaire Elon Musk's takeover of Twitter in October, the influential website has suffered outages, layoffs.
- Several advertisers have left the platform over the alleged lack of content moderation in recent times.
Business
ChatGPT could increase phishing and cybercrime risk, warns British firm
London, United Kingdom - British cyber security firm Darktrace on Wednesday warned that artificial intelligence bot ChatGPT may have increased the...
- Microsoft-backed start-up OpenAI in November launched Content creation bot ChatGPT.
- ChatGPT had "ignited a conversation about the implications of generative AI for cyber security," the firm said.
Business
Crypto markets under pressure as factors that led to FTX Corp’s collapse feared to create new failures
Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert...
- Market players may mitigate risks by adopting the best industry practices, securing their reserves and abiding by regulations, an expert tells TRENDS in an interview
- The only way FTX could re-emerge after its bankruptcy proceeding is by finding new investors or is bought out, says Elizabeth Rayment of Your Mind Media Agency
Economy
UAE keen on new technologies, says minister at Raisina Dialogue 2023
NEW DELHI, INDIA - UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...
- Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
- The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.
Business
Some sectors may benefit more than others as more GCC companies turn to metaverse to boost business
Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit...
- Industries in the region may use metaverse interchangeably. However, there is no specific way to know which sector will benefit the most from the latest technology, says an expert
- The use cases of a metaverse in the GCC and the MENA region will vary primarily depending on the core nature of work within each sector, adds Mohamed Khaled, CEO of Hotdesk
Business
Phone firms set for annual meet in shadow of global slump
Barcelona, Spain--The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together,...
- In total, the four-day show would host almost 750 operators and manufacturers and 2,000 exhibitors.
- A hugely popular idea for many at the show is to force the owners of bandwidth-hungry platforms like YouTube, Netflix and Facebook to pay network operators a "fair share".
Science
Euclid to probe universe’s big mysteries: dark matter, dark energy
In a few months the space telescope will blast off on history's first mission to search for two of the...
- Aiming to shed light on these dark secrets, the mission will chart a 3D map of the universe encompassing two billion galaxies across more than a third of the sky.
- The third dimension of this map will be time -- because Euclid's gaze will stretch out to 10 billion light years away, it will offer new insight into how the universe evolved.
Business
PwC, Microsoft expand partnership for digital transformation in Saudi Arabia
DUBAI, UAE - PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support...
- The collaboration will focus on cloud transformation, business process automation and technology consulting.
- The partnership aims to strengthen businesses by providing access to cloud services that are scalable and secure.
Economy
ChatGPT sets off AI ‘gold rush’ in Silicon Valley
Artificial intelligence (AI) has been increasingly present in everyday life for decades, but the November launch of the conversational robot...
- OpenAI, the ChatGPT creator, is valued by Microsoft at nearly $30 billion despite still burning through money at a high speed, Wayne Hu, a partner at SignalFire, said
- Generative AI, of which ChatGPT is an example, wades through oceans of data to conjure up original content - an image, a poem, a thousand-word essay - in seconds
Geostrategy
Iranian TV says forced to quit London after regime threats
LONDON, UK - The independent network Iran International TV said Saturday it had been forced on UK police advice to shut...
- The decision was taken following the arrest last weekend of an Austrian-Iranian man in the vicinity of the studios.
- Police said that despite the man's arrest, "we still have serious concerns for the safety of people working at this company".
Abu Dhabi launches technology investment company MGX
ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
Business
Company News
Solutions+, EIH sign MoU
Business
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Canada print media to get two-thirds of Google’s payment to news outlets
The agreement between Canada and Google is part of the Online News Act, which aims to support a struggling Canadian...
Israeli attack killed journalist in Gaza: Al Jazeera
The Qatari network had first reported that cameraman Samer Abu Daqqa and Gaza bureau chief Wael Al-Dahdouh were wounded in...
Geostrategy
Storm-1152: Vietnam-based creator of fake Microsoft accounts
Seoul, South Korea - Microsoft has seized the websites of a Vietnam-based group it alleges sold millions of fake accounts to...
Geostrategy
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Business
MBC IPO retail subscription begins
MBC Group runs a group of TV and radio channels.
- The subscription process for the retail tranche of MBC Group will run for five days until December 18.
- The Capital Market Authority approved, on November 21, the company's request to float 33.25 million shares in an IPO.
Chinese mourners use AI to digitally resurrect the dead
Several companies specialising in so-called "ghost bots" have emerged in the United States in recent years. But the industry is...
- Some Chinese firms claim to have created thousands of "digital people" from as little as 30 seconds of audiovisual material of the deceased
- They range from those who have died to living parents unable to spend time with their children and -- controversially -- a heartbroken woman's ex-boyfriend
Business
GCC media outlets think outside the box to stay afloat
Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche"...
- Many believe news media outlets have been distracted from their role to safeguard space for informed debate on public issues
- Several well trusted media outlets with deep pockets are battling against thinning revenues and being forced to think differently