Potential investors value Telegram at $30bn, says co-founder Pavel Durov
MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social...
Business
Scientists launch hub to channel quantum power for good
GENEVA, SWITZERLAND – Scientists will work to channel the huge emerging power of quantum computers for the common good at a...
Science
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".
Business
Company launched to develop world’s largest modern downtown in Riyadh
Launched by Saudi Crown Prince Mohammad bin Salman, the New Murabba project will offer more than 25 million sqm of...
- The project will offer a unique living, working and entertainment experience within a 15-minute walking radius and will have its own internal transport system.
- Mukaab, a tech landmark, will be one of the largest built structures in the world, standing 400m high, 400m wide, and 400m long.
Geostrategy
Sexting chatbot ban brings AI rules in focus
Given that these bots still make factual blunders, often show bias and could even spout libelous statements, some are clamoring...
- Regulators in Italy last week barred the firm from gathering data after finding breaches of Europe's massive data protection law, the GDPR.
- OpenAI's latest model, GPT-4, is scheduled for release soon and is rumored to be so good that it will be impossible to distinguish from a human.
Economy
An effective governance, risk and compliance system need of the hour, says UAE’s cybersecurity head
There is a close link between cybersecurity and GRC and innovation plays a key role in governance systems. Organizations must...
- There is a need to establish an effective governance, risk, and compliance system as a fundamental requirement for a strong cybersecurity strategy, says a UAE official
- Organizations must first establish a GRC system in order to achieve cybersecurity objectives and create a secure working environment, adds Mohammed Hamad Al-Kuwaiti
Business
DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017
DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over...
- DEWA CEO said the firm launched Rammas as part of its strategy to employ AI in all its operations and services.
- Rammas encourages the use of smart channels, reduces the number of visits to DEWA’s Customer Happiness Centers.
Business
Nokia 2022 net profit $4.7bn
The company's Q4 net profit surged to US$3.4 billion.
- Nokia's annual net sales grew 12 percent to US$27.1 billion (24.9 billion euros)
- The company is engaged in a major competition to install 5G networks around the world
Business
ASML posts yearly profit of $6.1bn
The profit in year 2022 is 4.4 percent lower than in 2021.
- The maker of lithography machines that print microchips, said it expects strong growth for 2023, with net sales rising more than 25 percent.
- The United States restricted exports of semiconductor technology to China last year and wants the Netherlands and Japan to follow suit.
Business
Microsoft to invest in OpenAI
Microsoft has extended its partnership with OpenAI.
- The tech giant announced a "multiyear, multibillion dollar investment to accelerate AI breakthroughs"
- OpenAI's ChatGPT became an internet sensation when it was released without warning in November
Business
Google announces 12,000 job cuts globally, cites changing economic reality
Google's parent company Alphabet announced about 12,000 job cuts globally citing a changing "economic reality", becoming the latest US tech...
- Google's parent company Alphabet employed nearly 187,000 workers worldwide at the end of September 2022.
- Alphabet CEO Sundar Pichai said American employees have already been notified about the cuts.
Potential investors value Telegram at $30bn, says co-founder Pavel Durov
MOSCOW, RUSSIA – The Telegram is valued by potential investors at more than US$30 billion, the co-founder of the social...
Business
Company News
Latest News
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
EU seeks critical details from Apple and Google on digital safety
Brussels, Belgium - The EU demanded on Thursday that Apple and Google provide more details on how they identified risks concerning...
Business
Most Read
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
Geostrategy
Digitalization has high environmental costs, says UNCTAD meet
DUBAI, UAE - With global attention on the COP28 climate summit, UNCTAD’s eWeek 2023 highlighted digitalization’s potential to accelerate climate...
- Data-driven technologies like the Internet of Things, robotics and artificial intelligence can enhance climate change monitoring.
- The digital transformation has left its mark on the planet through raw material depletion, energy and water use, pollution and waste.