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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Bracing for the next wave of digital transformation

Pushing intelligence out to the edge will drive change in the design of our products, services, processes, and organizations, and...
  • Over the next few years, organizations in every industry will experience change on an unprecedented scale, writes Jacob Chacko of Aruba
  • A whole new range of possibilities emerges when we engage with literally every device and build intelligence and connectivity into physical objects, he adds.

AI, cloud tech revolutionizing Middle East retail sector

Real-time shopping platforms accessible via multiple channels and featuring high-definition live streaming as well as personalized services are boosting client...
  • Real-time shopping platforms accessible via multiple channels and featuring high-definition live streaming as well as personalized services are boosting client engagements
  • In the next three years, AI adoption in retail and consumer products will increase from 40 percent to more than 80 percent, according to the IBM Global Technology

GCC countries review cybersecurity policies in virtual meeting

The countries discussed working papers on global best practices on a number of issues related to the work of the...
  • The countries discussed working papers on global best practices on a number of issues related to the work of the committee
  • Saudi Arabia was represented by its National Cybersecurity Authority (NCA), a competent authority for cybersecurity in the Kingdom

‘Most IT security officials believe firms threat strategy poor’

A global survey conducted among 2,100 IT Security Decision Makers (ITSDMs) reveals that 60 percent of respondents believe their organizations...
  • Only 16 percent of respondents in the UAE and Saudi Arabia say they are able to keep pace with the threat landscape
  • Most organisations (91 percent) surveyed in the UAE and Saudi Arabia experienced identity-related security breach in the past 18 months.

Twitter down for short period in US, Europe, restored later

Twitter experienced a widespread but seemingly brief outage in the United States and parts of Europe on Thursday. The Downdetector...
  • The Downdetector website showed that outage reports spiked in the United States around 1200 GMT and by around 1245 GMT reports of outages to Downdetector were dropping off
  • Short term service disruptions on social media platforms happen periodically while long-term service outages on social media platforms are not common

Creator economy rides on NFTs for growth, expansion

Blockchain technology has put creators at the center and allows them to capture and distribute their value efficiently, safely and...
  • Due to high engagement yet low revenues on social media platforms, many creators are looking for new ways to monetize, says Franck Mandon, COO of the MILLION platform
  • With a roughly US$ 20 bn market value, it's the fastest-growing sort of small business, with each creator operating more like a startup than an individual, he adds

AI set to play key role in fight against climate change

Most of the public and private sector leaders believe that Artificial Intelligence is a valuable asset in fight against climate...
  • Most of the public and private sector leaders believe that Artificial Intelligence is valuable asset in fight against climate change but insufficient expertize remains a challenge
  • A latest Boston Consulting Group report cited the limited availability of AI solutions as a roadblock. It also pointed to lack of confidence in AI-related data

Metaverse is in the making since 90s: Expert

As a multidimensional world extending the physical realities of our current 4D world, it is rather a product of the...
  • Metaverse is the product of a several waves of digitization and internet development since the 90s.
  • Metaverse will create new opportunities for new services and, in fact, new activities altogether.

MENA expects $320bn AI share in economy

Artificial Intelligence market is growing in the Middle East by an estimated 20 percent to 34 percent annually, with GCC...
  • By 2030, some 70 percent of companies might have adopted at least one type of Artificial Intelligence (AI) technology.
  • Less than half will have fully absorbed the five categories of AI: computer vision, natural language, virtual assistants, robotic process automation, and advanced machine learning.

‘Technology has to fix fake news problem’

Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of...
  • He believes that fake news has always existed since time immemorial, and that social media quickened its spread around the globe
  • He feels that while technology can deduce manipulation and flag it, media around the world ought to combat fake news too

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...

Company News

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Solutions+, EIH sign MoU

The pact will help in creating job opportunities in the UAE.

Does Anghami and OSN+ collab make financial sense?

A first of its kind in the region, the combination will offer consumers digital services of the best and latest...

OpenAI announces Sam Altman to return as CEO

In a letter released to media, the vast majority of the company's 770-strong staff suggested they would follow Altman unless...

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OpenAI faces leadership crisis as staff threaten to follow Altman to Microsoft 

This mass discontent follows the unexpected dismissal of OpenAI co-founder Sam Altman, whose leadership in AI advancements like ChatGPT has...
  • This mass discontent follows the unexpected dismissal of OpenAI co-founder Sam Altman, whose leadership in AI advancements like ChatGPT has been crucial.
  • Reports had also been circulating that Altman is planning to launch a new AI venture and announcement was expected as soon as this weekend

Adoption of electric vehicles in US face infrastructure hurdles

NEW YORK, US - The US transition to electric cars has hit a speed bump, with concerns about vehicle range and...
  • Automakers in recent weeks have pushed back EV sales targets and delayed capital projects as they seek to reduce inventories of unsold EVs at dealerships.
  • The network of EV charging stations in the US remains dodgy, with many areas either lacking infrastructure or equipped with unreliable machines

Big tech firms have been fined billions, but not paid them

PARIS, FRANCE - Rarely a month goes by without big tech companies getting fined for price fixing, squashing competitors or misusing...
  • Ireland's data regulator confirmed that Meta has not paid any of the US$2.2 billion in fines issued since last September.
  • Amazon is still appealing against a US$812 million fine from 2021, Luxembourg's data regulator said.