Web Summit: 24 MoUs signed between Qatari institutions and global tech firms
Doha, Qatar - Web Summit Qatar 2024, the world's largest tech events debut in the Middle East and Africa, ended...
Economy
Saudi media ministry and Google join forces for digital transformation
Riyadh, Saudi Arabia - Saudi Ministry of Media and Google have joined forces in a strategic collaboration aimed at driving...
Business
Economy
To use rather than collect, the second coming of Non-Fungible Tokens
The non-fungible token (NFT) craze, just over a year old, has given the world works that have sold for millions...
- Tens of billions of dollars have been poured into digital assets market, while also provoking discussions about how they could be useful in the real world.
- Regardless, NFTs, in conjunction with growing interest in the metaverse and a decentralized vision for the internet's future, dubbed web3, are part of building wave of growth.
Science
Stay off social media to improve your mental health: Study
It’s no secret that too much social media can be bad for one’s mental health. Now, research suggests that taking...
- Staying off social media for a week meant, for some study participants, gaining about nine hours of free time, which improved their well-being, British researchers report.
- Those who took a break from social media had significant improvements in well-being, depression and anxiety, compared with those who continued to use social media, the study found.
Analysis
Metaverse: Opportunities vs challenges
New business models must be developed to take advantage of the metaverse's technology, says Fadi Kassatly, Partner, Enterprise Systems and...
- By 2026, about 25 percent of internet users would spend at least an hour a day in the metaverse and 30 percent of organizations would use it to distribute their products.
- Because of the metaverse, companies can now imagine new stakeholder engagements that include interactions and create value faster, realistically and with more significant impact.
Arts & Culture
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
Business
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
Geostrategy
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.
Business
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 $600 bn in recurring value in the MENA region
Business
Spending on quantum computing will surge to US$ 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
Business
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.
Business
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
Web Summit: 24 MoUs signed between Qatari institutions and global tech firms
Doha, Qatar - Web Summit Qatar 2024, the world's largest tech events debut in the Middle East and Africa, ended...
Economy
Company News
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Najm inks pact with iot squared
Business
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...
Business
AI, NLP transform business operations in Gulf region
AI and NLP are revolutionizing workplace efficiency by enabling employees to swiftly access essential information, thereby augmenting customer and personal...
Opinion
In shock move, OpenAI sacks ChatGPT star CEO Sam Altman
His dismissal caught the tech world by surprise, with rumors rife on social media as to the cause of the...
Business
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Business
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...
- E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions
- The curbs now target cloud computing to prevent Chinese companies from accessing powerful AI chips hosted elsewhere
Business
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...
- AI and data stakeholders will gather at Global Data Dialogue 2023 - to be hosted in Dubai next week by DataLEADS - to discuss AI's sector-wide transformative potential.
- Through engaging panel discussions, illuminating show-and-tell sessions, the summit endeavors to spark dialogues that will shape the trajectory of AI and and data science globally
Business
Siemens posts record profit
Its shares rose over 6 percent on the Frankfurt Stock Exchange.
- The company, whose businesses range from making trains to automating production processes, earned a net profit of $8.62 billion in 2022-2023.
- Sales, at $84.6 billion, rose 11 percent on the previous year while for 2024, the group expects revenue to grow in a range of between 4 and 8 percent.