WEF24: Understanding regional nuances key to success
Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.
Business
Over 70 percent of musicians fear AI, says French-German study
PARIS, FRANCE - More than two-thirds of musicians fear that artificial intelligence will make it impossible to make a living, according...
Arts & Culture
Business
Cloud adoption picks up pace in GCC region
The strong demand for cloud computing in the Gulf region is driven by efforts of the member states to diversify...
- The UAE leads the region in terms of cloud computing adoption and annual spending.
- The MENA region will be worth around $5 billion to cloud suppliers by 2022.
Business
SpaceX sends all-civilian crew into orbit
Unlike previous missions, there will be no experienced or officially trained astronaut onboard. The SpaceX launch is the first of...
- The Falcon 9 rocket blasted off on Wednesday night from the Kennedy Space Center in Florida.
- The four space tourists will orbit the Earth for three days in a fully automated Crew Dragon capsule that has been specially designed for this journey.
Business
UN urges ‘moratorium’ on AI systems that threaten rights
UN high commissioner Michelle Bachelet presented a fresh report, which was called for by the UN Human Rights Council and...
- Bachelet calls for assessment of how AI pose risk to rights to privacy and freedom of movement and of expression.
- The UN report finds faulty AI tools have led to people being unfairly denied social security benefits and arrest of innocent people due to flawed facial recognition.
Business
Aramco taps Honeywell for sustainability, productivity
This cooperation builds on a 2017 MoU between Honeywell and Aramco to explore the benefits of Honeywell's Industrial Internet of...
- The two companies will look to explore the co-development and commercialization of next-generation digital technology solutions
- The solutions will be designed to help improve productivity, sustainability, and operational excellence of industrial companies
Economy
Bitcoin no threat to dollar, global economy
Despite being the future of money, Bitcoin cannot be the dollar of future because the US dollar is a fiat...
- Bitcoin cannot be the dollar of the future because the US dollar is a fiat currency, created and supported by the US government
- Cryptocurrencies vary from real currencies since they are issued by people and communities rather than governments, something that has never happened before in the history of money
Business
Riyadh, Dubai compete for business of news
Prominent media houses that have announced plans to move their base from Dubai to Riyadh include the state-owned Al Arabiya...
- The proposed media city is coming up on an area of 60,000 sq m at Al Safarat (Diplomatic Quarter) in Riyadh
- The MBC Group, the largest media company in the Middle East, was established in Britain in 1991 and moved to Dubai in 2002
Business
Space tourism: What’s on offer for those who can pay?
The era of space tourism comes with many options: a few minutes of weightlessness, or a few days or a...
- SpaceX's INSPIRATION4 set this week is the first orbital mission involving four non-professional astronauts.
- A trip in a module of Space Perspective, hoisted by a space balloon the size of a football stadium costs $125,000.
Business
WhatsApp users may encrypt backups
FB was recently accused of breaching WhatsApp users’ privacy.
- Mark Zuckerberg has announced that WhatsApp will let users encrypt chats they choose to back up
- The facility will be available for users of devices that can run Apple’s iOS and Google’s Android
Research
Saudis count the cost of technology overuse
As the use of the modern technology deepens in Saudi Arabia, its adverse effects are being felt across the gender...
- Ithra program sounds alarm on sleep loss amid warnings of tech overuse
- The initiative comes as digital overuse and screen addiction are blamed for problems ranging from behavioral disorders in children to insomnia in adults
Business
Amazon Web Services will help firms drive innovation: Dubai FDI
DUBAI: The Dubai Investment Development Agency (Dubai FDI), the investment promotion agency of Dubai Economy, has said Amazon Web Services’...
- AWS plans to open data centers in the UAE in 2022.
- The new AWS Middle East (UAE) Region will consist of three Availability Zones and become AWS’s second region in the Middle East.
WEF24: Understanding regional nuances key to success
Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.
Business
Company News
Yahsat to invest US$100m
Business
Latest News
Ant Group to buyback shares
Business
UAE Council review cybersecurity in Jordan summit
Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...
Geostrategy
New update allows ChatGPT to use internet for fetching data
New York, US - The generative AI platform ChatGPT can now fetch data directly from the internet and gather up-to-date information...
Business
Saudi Arabia launches new TV channel to highlight ‘rapid progress’
Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight...
Geostrategy
Most Read
Science
World must understand AI, curb its risk, says UK Deputy PM
NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
- UK Deputy PM said that a summit, set for November, will aim to preempt the risks posed by frontier AI and explore how it can be used for public good.
- One of the concerns highlighted by the Deputy Prime Minister is the unprecedented speed at which AI is evolving having far-reaching implications.
Business
Cisco buys Splunk for US$28bn
Splunk is a software platform that uses AI to identify malware.
- Cisco will pay a premium of $157 per share, up from the $120 Splunk traded at before the announcement.
- According to the company's website, Splunk was founded in 2003 and holds over 1,100 patents.
Business
QFMA launches single window e-portal for listing in Qatari financial markets
DOHA, QATAR - Qatar Financial Markets Authority (QFMA) announced the launch of a single window e-portal, which aims to facilitate...
- The single window provides many advantages for firms, related to securities, public offering, or listing on QSE and in acquisitions or mergers.
- It will simplify the procedures for companies by limiting their dealings with just one entity instead of interacting with other authorities separately.