INSEAD Day 4 - 728x90

AI

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.
  • The region is a mosaic of digital ambitions where distinct national strategies are unfolding simultaneously. While the UAE accelerates its push to become a global hub for AI-driven finance and services, Saudi Arabia is executing a vision of entirely new cognitive cities built from the ground up.
  • Israel’s AI-enabled tech usage in Gaza sparks new fears

    New defense technologies including artificial intelligence-powered gunsights and robotic drones form a bright spot in an otherwise dire period for Israel's tech industry. Over 150 countries in December backed a UN resolution identifying "serious challenges and concerns" in new military tech, including "artificial intelligence and autonomy in weapons systems."
  • AI game gains popularity during Chinese New Year festivities

    SHANGHAI, CHINA - Young Chinese flocking home for Lunar New Year this weekend have turned to an AI chatbot game to help train for the most dreaded social interaction of the year -- the dinner table interrogation by nosy relatives. The annual inquisition as extended families gather for China's biggest festival...
  • ‘AR, VR and video analytics shaping imaging industry’

    Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, says a top executive of Canon Middle East.
  • WEF24: AI stays at forefront of energy revolution

    There is a need for global policy alignment to meet the rising energy demands and tackle climate change challenges, Marco Arcelli, CEO of ACWA Power, tells TRENDS.
  • SK Hynix posts US$259.4m profit

    The chip maker said the profit was boosted by strong sales.
  • Abu Dhabi establishes Artificial Intelligence and Advanced Technology Council

    Abu Dhabi, UAE-- The UAE President Sheikh Mohamed bin Zayed Al Nahyan has issued a law, as the ruler of Abu Dhabi, establishing the Artificial Intelligence and Advanced Technology Council (AIATC) for developing and implementing policies and strategies related to research, infrastructure and investments in artificial intelligence and advanced technology...
  • In Davos, AI excitement persists but fears over managing risks

    A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent in the advanced world -- replacing some jobs while complementing others.
  • Japan literary laureate admits using ChatGPT for her novel

    TOKYO, JAPAN - The winner of Japan's most prestigious literary award has acknowledged that about "five percent" of her futuristic novel was penned by ChatGPT, saying generative AI had helped unlock her potential. Since the 2022 launch of ChatGPT, an easy-to-use AI chatbot that can deliver an essay upon request within...
  • Google to slash ‘few hundred’ jobs

    The internet giant will cut jobs from its global ad team.
  • Microsoft becomes world’s largest company

    The tech giant's market value has surged by over $1 trillion.
  • IMF chief at Davos: AI holds risks, opportunity for global economy

    Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity levels and fuel global growth, the IMF chief told AFP. AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in...
  • Top economists warn global economy will weaken in 2024

    Davos-Klosters, Switzerland--Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI). More than half of chief economists (56%) expect...
  • Saudi Arabia announces operational start of this year’s Hajj season

    Riyadh, Saudi Arabia - Saudi Minister of Hajj and Umrah, Tawfiq Al-Rabiah, officially inaugurated the operational activities for the 1445 AH Hajj season on Friday. The commencement follows the conclusion of the third edition of the Hajj and Umrah Services Conference and Exhibition, a four-day event that showcased facilities for...
  • EU examines Microsoft large investment in OpenAI

    Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a preliminary study of Microsoft's multi-billion-dollar investment in ChatGPT developer OpenAI to see if it could be a disguised merger. The early-level examination is "checking whether Microsoft's investment in OpenAI might...
  • AI breathes new life into old trends at CES gathering

    Models on which AI is built have improved dramatically since last CES and the debut of OpenAI's ChatGPT, and they are being applied in meaningful ways for consumers, according to Greengart. "There is little doubt that the tech ecosystem gathering in Las Vegas will focus on AI everywhere and on-device...
  • Abu Dhabi Islamic Bank adopts AI

    The bank expects to enhance operations with AI tools.
  • GCC eyes economic upswing, business growth in 2024

    Despite last year's challenges, the region is set to see robust growth this year, led by the UAE, which is expected to top the economic performance with a 4% GDP growth.
  • 5 WEF reports shaping your 2024 agenda

    From AI to the future of jobs and slow climb to gender parity, WEF reports provide insights into some of the important global challenges and opportunities.
  • GCC Commercial Arbitration Centre to use AI in its operations

    Manama, Bahrain-- The GCC Commercial Arbitration Centre has started to harness AI techniques, according to its secretary general, Dr. Kamal bin Abdullah Al Hamad. The initiative aims to enhance international commercial arbitration processes, aligning with the national visions of the Gulf Cooperation Council countries. It is in harmony with the...
  • Chinese mourners use AI to digitally resurrect the dead

    Several companies specialising in so-called "ghost bots" have emerged in the United States in recent years. But the industry is booming in China, according to Zhang Zewei, the founder of the AI firm Super Brain and a former collaborator with Wu.
  • Silal and MBZUAI sign MoU

    The agreement will bring AI innovation to food production.
  • EU clinches ‘historic’ deal on AI law after long negotiations

    The EU's internal market commissioner, Thierry Breton. called the deal as historic, regulating artificial intelligence models such as ChatGPT. Negotiators in Brussels nailed down curbs on how AI can be used in Europe, which they said would not hurt innovation in the sector nor the prospects for future European AI...
  • TAMM partners with AI71 to use UAE’s Falcon series LLMs

    TAMM becomes first to use UAE’s Falcon large language models.
  • Tech titan Microsoft wins observer seat at OpenAI

    SAN FRANCISCO, US - Microsoft, the tech titan that has invested billions of dollars in ChatGPT creator OpenAI, has been given a seat on the startup's board. The nomination was shared in a memo to OpenAI staff on Wednesday that was later posted to the company's blog and included a list...
  • Dubai Future Forum calls for creation of global framework

    DUBAI, UAE: Governments and the United Nations should create an internationally adopted framework specifically designed to help solve global challenges, a world-leading futurist on Tuesday told the Dubai Future Forum 2023 here. Dr. Jamie Metzl, founder of ‘OneShared.World’ and author of Hacking Darwin, said the world is struggling to address...
  • Sam Altman’s return ushers in new era at OpenAI

    The five-day saga began on Friday, when Altman was abruptly sacked by the board for reasons that are still unclear. The board said in a statement that it had sacked Altman because "he was not consistently candid in his communications with the board," without elaborating further.
  • OpenAI announces Sam Altman to return as CEO

    In a letter released to media, the vast majority of the company's 770-strong staff suggested they would follow Altman unless the board responsible for his departure resigned. Among the signatories was co-founder Ilya Sutskever, OpenAI's chief scientist and a member of the four-person board who pushed Altman out.
  • 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 say. E-commerce titan Alibaba on Thursday became the latest Chinese firm to admit to feeling the bite of US sanctions, as it abandoned a plan to spin off its multi-billion-dollar...
  • Google launches new AI features for organizing photos

    Washington, United States - Google said on Thursday that Google Photos now groups together similar photos and organizes screenshots and photos of documents into easy-to-find albums. The company said in a blog post that Google Photos will automatically identify and group similar photos that were taken close together into Photo...
  • Google warns against downloading its AI model from external sources

    Washington, US--Google has warned users against trying to obtain its Cold generative artificial intelligence (AI) model from external sources currently available on the Internet and confirms in an official statement that the copies are spyware that will expose users to danger. Google continues to work on Bard tools, which are...
  • Global Media Congress opportunity for showcasing AI advances: Expert

    Abu Dhabi, UAE -- Rapid advances in AI technologies have created a major challenge for the media sector: the difficulty of keeping up with these developments that require specific ethics, according to a media expert. Professor Charlie Beckett, Professor of Practice, Director of Polis and the Polis/LSE JournalismAI project at...
  • Japan to invest $13 billion on semiconductors and generative AI

    Tokyo, Japan - Japan's government said on Friday that it plans to spend 2 trillion yen ($13 billion) to boost domestic production of strategically important semiconductors and generative AI technology. The planned outlays will include 700 billion yen ($4.6 billion) to support the construction of a Taiwan Semiconductor Manufacturing Company (TSMC)...
  • Zain posts highest-ever quarterly revenue

    Tower infrastructure sale among factors responsible for the performance.
  • PureHealth partners with Dell to use AI in disease detection, data analysis

    Abu Dhabi, UAE--PureHealth has joined hands with Dell Technologies to utilise generative artificial intelligence (AI) across healthcare services including in early disease detection, medical data analysis and personalised treatment plans, further enhancing the health ecosystem in Abu Dhabi. The collaboration will harness the collective resources and technologies of both companies...
  • Let’s transform statistical systems for the future

    "The PSA should champion digital transformation in Qatar by equipping the national statistics system with comprehensive, accurate, and reliable data. This data should cater to diverse beneficiaries and enable Qatar to fulfill its commitments towards achieving national development goals," he adds.
  • ‘ESG, AI and robotics remain FII’s investment focus’

    FII Institute remains committed to innovative and sustainable technology investments, Anthony Berkley, ACT Director and Head of Investments, tells TRENDS.
  • Saudi Arabia selected as member of UN’s AI Advisory Body

    New York, United States-- United Nations Secretary-General António Guterres Friday announced the selection of Saudi Arabia to the UN Advisory Body on Artificial Intelligence (AI), which consists of 39 members representing government and private and civil-society organizations and the academic community from various countries around the world.Shura Council member Dr....
  • Error-prone AI chatbot dog leads Japan’s elderly astray

    Tokyo, Japan - A cartoon canine AI chatbot designed to cheer up and inform lonely older residents of western Japan is in the doghouse after providing error-laden responses. Powered by generative artificial intelligence, "Dai-chan" was this year launched by Osaka authorities who called it the first of its kind in a...
  • Global tech collaboration can benefit all: Expert

    The ongoing US-China technological decoupling is likely to harm global capabilities, Chinese Professor Wu Xiabo tells TRENDS in an interview.
  • Tech ticks: Metaverse, AI boost Jamaica’s tourism

    From the metaverse allowing virtual experiences to the use of AI in training, Jamaica is at the forefront of integrating technology into its tourism sector, the minister tells TRENDS.
  • DCT signs MoU with Microsoft to transform Abu Dhabi tourism

    Dubai, UAE -- The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Microsoft have signed an MoU that enables innovation in key areas such as generative artificial intelligence (AI) and cloud computing and brings together both organizations’ capabilities and resources to enhance the tourist and cultural...
  • G42 and OpenAI partner to provide UAE with AI solutions

    Dubai, UAE-- G42 has announced a partnership with OpenAI to deliver cutting-edge AI solutions to the UAE and regional markets. The partnership between the two will focus on leveraging OpenAI’s generative AI models in domains where G42 already has deep expertise including financial services, energy, healthcare and public services. OpenAI...
  • US tightens curbs on exports of advanced AI chips to China

    Washington, United States - The United States on Tuesday said it was tightening curbs on exports of state-of-the-art AI chips to China, sending the share price of Nvidia and other semiconductor companies plummeting on Wall Street. The measures are the latest chapter in the policy started under the Trump administration to...
  • Manufacturers struggle to meet AI-related goals, says new white paper

    DUBAI, UAE -- Despite many manufacturers integrating AI into their operations, a significant number of them face challenges in meeting their AI-related goals, highlights a recent white paper published by the World Economic Forum in collaboration with Boston Consulting Group.“This is primarily due to inadequate organizational and technological foundations,” adds...
  • Presight, Samruk-Kazyna to form JV

    Samruk-Kazyna is Kazakhstan's $70bn asset sovereign wealth fund.
  • For GCC, centralized demand planning is indispensable

    Facing challenges like varied categorization and technical standards, GCC economies are turning to innovative solutions. With digital technologies and unified planning, the Gulf region aims to unlock the full potential of their industrial sectors, add the experts from Kearney.
  • Cisco buys Splunk for US$28bn

    Splunk is a software platform that uses AI to identify malware.
  • 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 and teamed up with Microsoft to make its capabilities available to users worldwide. Google then raced out its own Bard chatbot earlier this year, making it available in more than...
  • Emirates Health Services to adopt AI technology to boost hospital care services

    Dubai, UAE-- Emirates Health Services will employ AI technology in the application of patient room monitoring system to further enhance the standards of healthcare services that align with the strategic priorities and goals of the government and EHS. In this connection, Dr. Mohammad Salim Al Olama, Chairman of the Board...
  • DEWA embraces Microsoft’s Copilot to drive digital transformation

    Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has adopted Microsoft Power Platform and its AI-powered tool Copilot to build smart programs and applications to support its operations. The move is part of DEWA’s efforts to utilise the latest global technologies in all areas and benefit from the capabilities of generative...