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TSMC first-quarter net profit soars

Its net revenue for the quarter soared nearly 42%.

Tesla’s first Saudi showroom opens

The opening in Riyadh comes with Tesla sales dropping.

Mubadala Energy enters US energy market

Acquires a 24.1% interest in US firm Kimmeridge’s SoTex

Borouge to increase dividend from 2025

The company okayed $650 million final dividend for 2024.

TikTok’s US future uncertain

It must find non-Chinese owner to avoid ban.

World’s biggest YouTuber PewDiePie moves to Japan

The 32-year-old has a huge online following, with 111 million subscribers on YouTube, but has faced controversy over offensive jokes...
  • PewDiePie has landed himself in hot water several times, including for videos containing anti-Semitic remarks and racial slurs
  • In 2016, the YouTuber was temporarily blocked from Twitter after he joked that he had joined the Islamic State group

Apple looks to foil secret AirTag tracking with tweaks

Apple said it is working on enabling iPhones to more precisely locate AirTags to help people find any planted without...
  • AirTags can be used for synching wirelessly to iPhones, iPads or iPod Touch devices to signal where it can be found
  • Reports surfaced of AirTags being secretly stuck on a car to later steal it or find out where the owner is headed to

Nobel winner warns of ‘toxic’ social media threats

Social media allows dangerous propaganda to flourish, making professional journalists vulnerable to threats and attacks, says Nobel Peace Prize laureate...
  • The 58-year-old co-founder of the news website Rappler highlighted how social media had made it far easier to spread propaganda, reject facts and change historical realities.
  • "There are no guardrails," Ressa said, pointing to the lawless world of social media, often based on algorithms that promote the outrage and hateful debate that drive traffic.

Covid, digital transformation push GCC cloud growth

Businesses in the region are increasingly adopting cloud to protect their data, apps and infrastructure from fraudulent activities while supporting...
  • Cloud computing can generate $202 billion from various sectors in Saudi Arabia by 2030
  • Rapid cloud adoption can generate up to $600 bn in recurring value in the MENA region

Spending on quantum computing will surge to US$ 9.1 billion by 2030: report

Tractica LLC, a market intelligence firm, revealed that spending on quantum computing will surge from US$260 million in 2020, to...
  • Tractica LLC, a market intelligence firm, revealed that spending on quantum computing will surge from US$260 million in 2020, to US$9.1 billion by 2030
  • 90 percent of organisations will partner with consulting companies or full-stack providers to accelerate quantum computing innovation through 2023, according to Gartner

Dubai Municipality to tap into Metaverse gains in pursuit of futuristic goals

Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that...
  • As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
  • The city would provide simulated time travel to historic moments, or immersive tours of landmark destinations, Dubai Municipality said.

Kaspersky now a ‘security threat’

The designation will restrict its dealings in the United States.
  • The US Federal Communications Commission has added Kaspersky to a threat list
  • This effectively blocks the firm from being paid with certain US government subsidies

Metaverse set to transform banking in GCC

Regional players eye big share as Metaverse is expected to become a US$800 billion market. Some analysts believe it will...
  • Metaverse is expected to become a US$800 billion market -although some analysts think it will reach $30 trillion
  • The use of Metaverse in banking may lead to the emergence of fully digital bank branches, reducing or even eliminating the need for physical ones

Digital Dubai and Dubai Police to collaborate on cybersecurity

Digital Dubai and Dubai Police will strengthen their partnership and collaborate towards achieving strategic goals in cybersecurity.
  • The two parties have signed a Memorandum of Understanding (MoU) regarding the same
  • The MoU adds to the existing partnership between government entities entrusted with cybersecurity issues

How European rulings imperil flagship Google product

Lax laws and sweetheart deals are becoming a thing of the past for big tech firms, particularly in Europe where...
  • More than half of the world's websites use Google Analytics to help their owners understand the behaviour of users
  • Regulators in several countries agree with activists and have ruled Google Analytics incompatible with European data privacy regulation

AI entity is Board Observer in IHC

IHC is a pioneer in leveraging AI for decision-making.

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Meta, TikTok challenge incoming EU digital market law

Brussels, Belgium - Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set...

US chip curbs disturb Chinese firms AI projects

Shanghai, China - US restrictions on advanced computer chips are forcing China's tech giants to rethink their ambitious AI-powered projects, analysts...

Focus shifts to societal impact and ethical use of AI

AI and data stakeholders will gather at Global Data Dialogue 2023 -- to be hosted in Dubai next week by...

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Apple to allow applications to be downloaded outside app store

Washington, United States - The American company Apple intends to provide the possibility of downloading applications from outside its official...
  • Developers will also be able to publish their applications in alternative stores without having to pay special fees to Apple
  • The Digital Markets Act requires technology companies to open their services and platforms to other companies and developers

Global Media Congress opportunity for showcasing AI advances: Expert

Abu Dhabi, UAE -- Rapid advances in AI technologies have created a major challenge for the media sector: the difficulty...
  • Professor Charlie Beckett of LSE says it is important to keep pace with AI advances like ChatGPT and Metaverse.
  • He said despite warnings about AI, it remained a useful tool for creating huge content and handling services using algorithms.

Al Ghurair to use Oracle solution

This will help HR teams improve business operations.
  • Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
  • Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.