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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

AI robots pluck weeds in California fields, make up for shortage of laborers

Los Banos, United States -- Oblivious to the punishing midday heat, a wheeled robot powered by the sun and infused...
  • As farms across the US face a shortage of laborers and weeds grow resistant to herbicides, startup Aigen says its robotic solution -- named Element -- can save farmers money.
  • Element the robot resembles a large table on wheels, solar panels on top. Metal arms equipped with small blades reach down to hoe between crop plants.

Japan plans ‘world first’ deep-sea mineral extraction from Jan

Tokyo, Japan -- Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest...
  • Earlier this week the country pledged to work with the United States, India and Australia to ensure a stable supply of critical minerals.
  • Rare earths -- 17 metals difficult to extract from the Earth's crust -- are used in everything from electric vehicles to hard drives, wind turbines and missiles.

Microsoft laying off several thousand employees

San Francisco, United States -- Microsoft on Wednesday said it was slashing a little less than four percent of its...
  • The cloud computing tech giant did not disclose the total amount of lost jobs but as of June 2024 it employed 228,000 people, bringing the latest layoffs to about 9,000 people.
  • The job cuts follow a round in May that saw about 6,000 positions culled from its global workforce.

‘Writing is thinking’: do students who use ChatGPT learn less?

Paris, France -- When Jocelyn Leitzinger had her university students write about times in their lives they had witnessed discrimination,...
  • The ChatGPT users scored significantly worse than the brain-only group on all levels. The EEG showed that different areas of their brains connected to each other less often.
  • And more than 80 percent of the ChatGPT group could not quote anything from the essay they had just written, compared to around 10 percent of the other two groups.

Indonesia begins $5.9 bn EV battery project despite environment fears

Jakarta, Indonesia -- Indonesia broke ground Sunday on a $5.9 billion megaproject for EV battery production backed by Chinese giant...
  • Indonesia is the world's largest nickel producer and it is trying to capitalize on its vast reserves.
  • The EV battery project will include a $4.7 billion investment on the eastern island of Halmahera and a $1.2 billion investment in West Java.

AI is learning to lie, scheme, and threaten its creators

In one particularly jarring example, under threat of being unplugged, Anthropic's latest creation Claude 4 lashed back by blackmailing an...
  • Meanwhile, ChatGPT-creator OpenAI's o1 tried to download itself onto external servers and denied it when caught red-handed.
  • For now, this deceptive behavior only emerges when researchers deliberately stress-test the models with extreme scenarios.

James Webb Telescope captures first direct image of exoplanet TWA 7b

The telescope, which can see farther into the universe than anything before it, has turbocharged the search for planets beyond...
  • The discovery of exoplanet TWA 7b, revealed in a study in the journal Nature, "represents a first for the telescope", France's CNRS research center said in a statement.
  • Most of the nearly 6,000 exoplanets found so far have been identified from the light they blot out when they pass in front of their star, rather than from direct images of planet.

Tesla expected to launch long-discussed robotaxi service, will use Model Y

New York, United States -- Tesla is expected to begin offering robotaxi service Sunday in Austin, an initial step that...
  • The launch will employ the Model Y sport utility vehicle rather than Tesla's much-touted Cybercab, which is still under development.
  • The long-awaited launch follows the dramatic meltdown earlier this month in relations between Musk and Trump, which saw a cascade of bitter attacks from both men.

WhatsApp introduces first major advertising features

San Francisco, United States -- WhatsApp announced Monday it will introduce its boldest advertising features yet, marking a significant shift...
  • The move is a sensitive one for WhatsApp, whose chief firmly denied a report in 2023 that said the Meta-owned app was exploring advertisements as it sought to boost revenue.
  • Unlike Facebook, Instagram, and other social platforms, WhatsApp has maintained minimal advertising since Meta acquired it in 2014.

OpenAI enlists iPhone designer to create ideal device for using AI

New York, United States -- ChatGPT-maker OpenAI has enlisted the legendary designer behind the iPhone to create an irresistible gadget...
  • ChatGPT-maker OpenAI has enlisted the legendary designer behind the iPhone to create an irresistible gadget for using generative artificial intelligence (AI).
  • Sharing no details, OpenAI chief executive Sam Altman said that a prototype Ive shared with him "is the coolest piece of technology that the world will have ever seen."

Trump says US, China ‘have a deal’ on TikTok

"We have a deal on TikTok, I've reached a deal with China, I'm going to speak to President Xi (Jinping)...

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Musk clashes with Altman after accusing App Store of favoring OpenAI

San Francisco, United States -- Elon Musk has accused Apple of unfairly favoring ChatGPT on its App Store and threatened...

Passwords under threat as tech giants seek tougher security

Paris, France -Fingerprints, access keys and facial recognition are putting a new squeeze on passwords as the traditional computer security...

Walking sharks, bombing crocodiles: Italian Brainrot memes only kids know

Shouty, crude and often nonsensical Italian voiceovers feature in many of the clips made by people in various countries that...

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Meta says working to thwart WhatsApp scammers

San Francisco, United States -- Meta on Tuesday said it shut nearly seven million WhatsApp accounts linked to scammers in...
  • Meta on Tuesday said it shut nearly seven million WhatsApp accounts linked to scammers in the first half of this year.
  • Meta on Tuesday began prompting WhatsApp users to be wary when added to unfamiliar chat groups by people they don't know.

Humanoid robots embodiment of China’s AI ambitions

Shanghai, China -- Serving craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai's World...
  • The Chinese government has poured support into robotics, an area in which some experts think China might already have the upper hand over the United States.
  • Tech giant Baidu on Saturday announced a new generation of technology for its "digital humans" -- AI agents modelled on real people.

Urgent need for ‘global approach’ on AI regulation: UN tech chief

Geneva, Switzerland -- The world urgently needs to find a global approach on regulating artificial intelligence, the United Nations' top...
  • Doreen Bogdan-Martin, head of the UN's International Telecommunications Union (ITU), said regulation was key as concerns rise over fast-moving technology.
  • Bogdan-Martin, the first woman to serve as ITU secretary-general in the organization's nearly 160-year history, also stressed the need to get more women into the digital space.