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Tesla Q1 sales sink 13 percent

The dip occurred amid lower production during factory upgrades.

AD Ports Group 2024 revenue $4.70bn

The Group's EBITDA increased by 69 percent YOY.

Tesla sales tumble in Europe in Q1

The company suffered from boycotts against the policies of Elon Musk.

Ford’s US Q1 auto sales dip

But its Q1 figures exceed a forecast by Edmunds

Vanke reports annual loss of $6.8 bn

The property giant attributes loss to falling sales and shrinking profit.

Fintech creams off most in $2.1bn funding

The fintech sector has attracted nearly 30 percent of all the funding raised during the year, with one in four...
  • Fintech stood out above other sectors on funding volume and value
  • RedSeer said financial free zones such as the Abu Dhabi Global Market and the Dubai International Financial Center have contributed to this growth

GCC cautious, but optimistic about crypto

The UAE and Saudi Arabia have already formed policies to regulate cryptocurrencies, while Bahrain has given an official stamp on...
  • US investors made $4.1 billion from Bitcoin in 2020
  • However, a UAE resident lost AED15,000 (a little more than $4,000) after investing in DubaiCoin

Snowden slams new Apple feature

The NSA whistleblower has said other companies following suit could lead to a torrent of privacy breaches across the board.
  • Apple unveiled the features earlier this month, saying they would help limit digital contraband on its devices
  • Experts have already warned against the feature, saying that it could be hacked or exploited

The most vulnerable Linux distros

Now, security solutions provider Trend Micro has said that detected millions of “security events” in Linux distributions — both in...
  • The most common security event seen in Linux systems was coinminers
  • The Linux distro with the most vulnerabilities was CentOS Linux

TikTok to offer in-app shopping with Shopify

The social media app will expand into e-commerce in partnership with Shopify
  • The social media app will expand into e-commerce in partnership with Shopify
  • The news comes amid rising interest in "social commerce" that is expected to be worth some $36 billion in the US this year

Ethiopia to build local rival to Facebook, other platforms

Social media services have previously been closed in the country over the past year
  • Social media services have previously been closed in the country over the past year
  • According to Statista, Ethiopia has about 6 million Facebook users

Samsung announces $205 billion investment plan

The tech giant is South Korea's largest conglomerate and its overall turnover is equivalent to a fifth of the national...
  • The tech giant is South Korea's largest conglomerate and its overall turnover is equivalent to a fifth of the national gross domestic product
  • Samsung Electronics, the flagship subsidiary of the Samsung Group, is the world's biggest smartphone maker

AI chatbot comforting China’s lonely millions

XiaoIce has pioneered a cutting-edge artificial intelligence system designed to create emotional bonds with its 660 million users worldwide
  • XiaoIce has pioneered a cutting-edge artificial intelligence system designed to create emotional bonds with its 660 million users worldwide
  • It was designed to hook users through lifelike, empathetic conversations, satisfying emotional needs where real-life communication too often falls short

Next Apple Watch could check for dehydration

With temperatures rising globally, this could be a useful feature for users of this Apple device.
  • Apple has recently been granted a patent in this regard by the US Patent and Trademark Office
  • The patent shows electrodes in the watch band, through which the electrical properties of sweat will be measured

Elon Musk announces humanoid Tesla Bot

Musk said the robot would be five feet and eight inches tall, and that a prototype would be ready next...
  • Musk compared the current fleet of Tesla cars to “semi-sentient” beings
  • He then said whatever the vehicles are capable of could well be put into humanoid form

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...

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Abu Dhabi plans to launch English newspaper as part of media network revamp

Abu Dhabi, UAE - Abu Dhabi Media Network is all set to launch an English edition of its existing Al...

Google’s AI chatbot goes personal tapping into Gmail, YouTube

Google has for years discreetly developed AI powers but was caught off guard when OpenAI late last year released ChatGPT...

Saudi Arabia participates in global meet to bridge digital divide

RIYADH, SAUDI ARABIA – The Kingdom’s Governor of the Communications, Space and Technology Commission (CST) Dr. Mohammed Saud Al-Tamimi participated...

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Europe’s tussle with Big Tech involves dominance, data, disinformation

Paris, France - Irish regulators on Friday handed out a 345-million-euro ($369-million) fine to TikTok over data breaches, part of a...
  • Ireland issues the most stringent fines on this front as Dublin hosts the European offices of several big tech firms and data privacy is enforced by local regulators.
  • The EU has had little success in getting tech companies to pay more taxes in Europe, where they are accused of funneling profits into low-tax economies.

Nearly two-thirds of Saudi Arabian employees lack enhanced digital skills 

Riyadh, Saudi Arabia - A substantial 62% of employees in Saudi Arabia are eager to acquire improved digital skills in...
  • The findings also exposed a troubling trend, with 45% of respondents expressing concerns about job security due to their perceived lack of IT competencies
  • The survey also highlighted a specific group within the workforce most apprehensive about job security – department heads and top managers

EU chief wants global experts panel to confront AI challenges

Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific...
  • Von der Leyen said the proposed AI group should be similar to the UN's IPCC panel, whose reports establish scientific consensus on climate change.
  • The EU is leading the charge on regulating AI, and aims to green light what would be the world's first law covering the technology by the end of the year.