EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...
Business
Dubai RTA awards US$95m contract to upgrade ticketing system
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...
Business
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
Science
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
Science
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
Office 365 prices to go up from 2022
The prices would apply globally with adjustments for certain regions.
- There are no changes to pricing for education and consumer products of Microsoft at this time
- Microsoft is also rolling out unlimited dial-in capabilities for Microsoft Teams meetings across all suites in the next few months
Business
Bahrain bank challenges students to make digital solutions
The National Bank of Bahrain has tied up with Bahrain FinTech Bay to launch challenge youngsters in the country to...
- The goal is to develop solutions for NBB’s digital banking app that focuses on the youth and features the latest trends in user experience
- The three best solutions will get prize money, three months of incubation at BFB, and other prizes
Arts & Culture
Netflix rules Mideast as rivals eye content share
Arab-based platforms such as Starz Play, Wavo, and OSN have become local competitors to Netflix and gaining the ground fast...
- Saudi Arabia seeks be an essential base for entertainment companies with an attractive investment environment
- The UAE and Saudi Arabia account for almost half of all MENA subscriptions to streaming services
Research
UAE, Bahrain lead MENA’s fintech sector boom
A total of 465 fintech companies in the region are expected to raise over $2 billion in venture-capital funding, compared...
- The fintech sector in the Middle East has been growing at a Compounded Annual Growth Rate (CAGR) of 30%
- Close to 47% of the fintech deals in 2019 were sealed in the UAE and nearly half of the fintech firms in the region are based in this Gulf country
Investigation
$600m crypto theft case about to be solved?
DeFi platform Poly Network said on Twitter on Wednesday that the threat actor or actors had already returned cryptocurrency worth...
- Poly Network on Tuesday identified the vulnerability that had been exploited to break into its platform
- A threat actor named an entity named PolyNetwork Exploiter is now transferring funds back to the company
EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...
Business
Company News
Latest News
Cisco buys Splunk for US$28bn
Splunk is a software platform that uses AI to identify malware.
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...
Business
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...
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Geostrategy
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...
- The meeting aims to enhance the contribution of the communications, space and technology sectors for attaining sustainable development objectives.
- The meeting also aims to propose policies and recommendations to bridge the digital divide and promote and develop the digital economy.
Business
AI ‘no substitute’ for fashion designers’ creativity
Fashion innovator Calvin Wong, who has developed the world's first designer-led AI system, says 'we must treasure the designer's original...
- The Interactive Design Assistant for Fashion (AiDA) uses image-recognition technology to speed up the time it takes for a design to go from a first sketch to the catwalk.
- Wong said AiDA's particular strength was its ability to present "all the possible combinations" for a designer to consider, something he said was impossible currently.
Geostrategy
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.