Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
Business
Australian media hits back as Facebook scraps news deals
Meta said on Friday it would scrap the Facebook News tab in Australia and would not renew deals with news...
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.
Geostrategy
Meta reviewing call to make adult nudity policies more inclusive
San Francisco, United States--Meta was reviewing a call by its oversight board to make its policies on adult nudity more inclusive,...
- The announcement came after the tech giant removed two Instagram posts showing transgender and non-binary people with their chests bared.
- A Meta spokesperson told AFP Thursday that the company welcomed the board's move and had already restored the images.
Business
Geopolitical instability may lead to catastrophic cyberattack: Report
Over 93 percent of cybersecurity experts and 86 percent of business leaders believe “a far-reaching, catastrophic cyber event is likely...
- The Global Cybersecurity Outlook 2023 findings were based on surveys, workshops and interviews with over 300 experts and C-suite executives.
- Half of the companies surveyed said the current landscape is making them re-evaluate the countries in which their organization does business.
Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
Business
Company News
Latest News
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
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...
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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.
Research
Google releases the top trending searches of the year in MENA
Dubai, UAE - Google on Monday released the top trending searches of 2023 for the Middle East and North Africa....
- Saudi Arabia has been searching for football throughout the year, with many events and tournaments happening on-ground
- In the news list in Egypt, the war in Palestine ranked first, followed by the devaluation of the Egyptian Pound
Cloud security challenges haunt firms in UAE and KSA
Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals...
- Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.
- Organizations have been advised to adopt robust security measures, including Zero Trust Segmentation, to protect against emerging cyber threats.