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.
  • Norms may make it easy to navigate ethical maze of AI

    While speaking at the International Government Communication Forum in Sharjah, he emphasized that it's essential to regulate technology and overall policies to ensure cybersecurity and ethical AI use, stressing the necessity of local regulations in addition to international standards.
  • Tech’s carbon footprint: can AI revolutionize responsibly?

    The planet's 8,000 or so data centers are the foundation of our online existence, and will grow ever further with the advent of artificial intelligence -- so much so that research estimates that by 2025, the IT industry could use 20 percent of all electricity produced, and emit up to 5.5...
  • Rising data breach hits Middle East’s financial sector

    In 2023, data breach costs in the Middle East soared to $8 million, marking a 155.9% rise over a decade, with the financial sector bearing the brunt, a report points out.
  • AI chips revenue to reach $53bn in 2023: study

    Dubai, UAE – The global semiconductor industry is set to witness a significant revenue boost in the coming year, with artificial intelligence (AI) chips taking center stage. According to the latest report from Gartner, Inc., AI chip revenues are projected to reach a staggering $53.4 billion in 2023, marking a...
  • AI startups set to rake in $10bn investments by 2026

    Half of new cloud deployments will be integrated cloud data ecosystems by 2024, while edge AI will see 55% of all data analysis by deep neural networks by 2025, says a report.
  • Industrial metaverse eyes $1trn with output boost

    The latest technology is poised to transform the industrial sector, with a market expected to reach $400 billion by 2030, potentially exceeding $1 trillion, says a report.
  • Bahrain supports AI tendering platform, Procural, to create jobs

    Manama, Bahrain - Tamkeen, a semi-autonomous government agency, tasked with developing Bahrain's private sector has decided to support the Bahrain-based business-to-business (B2B) tendering platform, Procural, as part of its effort to create new jobs for Bahrainis. The support will enable Procural to enhance its ability to use cloud-based technology and...
  • Rise of the machines: AI spells danger for Hollywood stunt workers

    The lack of guarantees over the future use of AI is one of the major factors at stake in the ongoing strike by the Screen Actors Guild (SAG-AFTRA) and Hollywood's writers, who have been on the picket lines 100 days. SAG-AFTRA last month warned that studios intend to create realistic...
  • Generative AI brings challenges and opportunities

    "New technologies like generative AI bring both opportunities and risks. A holistic AI strategy ensures privacy, security, and compliance, considering beneficial AI use cases, resources, governance framework, and evaluating artificial intelligence's impact on employees and customers," she adds.
  • Dubai Taxi Corporation unveils digital transformation plan 2022-2025

    Dubai, UAE--Dubai Taxi Corporation (DTC) has launched its strategic plan for digital transformation 2022-2025 designed to improve the quality of the service it provides to customers. The plan seeks to accomplish a host of strategic goals highlighted by digital mobility, excellent operation, financial sustainability, people’s happiness, and shaping the future....
  • AI anxiety: workers fret over uncertain future

    Legal assistants, programmers, accountants and financial advisors are among those professions feeling threatened by generative AI.
  • Middle East will spend $3bn on Artificial Intelligence in 2023: study

    Dubai, UAE - The International Data Corporation (IDC) has forecasted that the Middle East will spend $3 billion on AI in 2023, with this figure expected to more than double to $6.4 billion by 2026. CEOs in the region are recognizing the significance of AI for their businesses, with over...
  • Upskilling key to offset AI banking job losses

    Increasing adoption of Artificial Intelligence in banking operations could lead to automation of nearly 52 percent of jobs by 2025. Experts recommend upskilling, training and continuous learning to adapt to the change.
  • UAE newsrooms lagging in adoption of AI: study

    Ras Al Khaimah, UAE: While the global news media world is being disrupted by Artificial Intelligence (AI) led by bigtime players, news organisations in the UAE have been slow in the use and adoption of AI in newsrooms, according to a paper authored by three university researchers. The findings suggest...
  • UAE bolsters AI integration to boost competitiveness

    "The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," adds Al Olama. "This priority includes fostering collaboration among government entities, aiming to expedite the UAE's digital transformation, and harnessing technology to design innovative models for a sustainable economy."
  • AI robots at UN say they could run the world in a better way

    GENEVA, SWITZERLAND -  A panel of AI-enabled humanoid robots told a United Nations summit on Friday that they could eventually run the world better than humans. But the social robots said they felt humans should proceed with caution when embracing the rapidly-developing potential of artificial intelligence. And they admitted that they...
  • AI and real doctors review medical cases in China

    CHENGDU, CHINA - AI doctors and real doctors held an evaluation for the first time in Chengdu Haiersen Hospital, Southwest China's Sichuan Province recently, local media reports said. In the 91 cases reviewed, an AI doctor, "MedGPT", and the attending doctors reached 96 percent agreement on case results; the Global...
  • In AI tussle, Twitter restricts number of posts users can read

    The decision was made "to address extreme levels of data scraping" and "system manipulation" by third-party platforms, Musk said in a tweet Saturday afternoon, as some users quickly hit their limits. The company is limiting verified accounts to reading 10,000 tweets a day and non-verified users are limited to reading...
  • MENA region trails in global race for gender parity

    The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region will achieve full parity in 152 years, says a latest WEF report.
  • Vodafone, Microsoft ink pact

    The two firms will offer AI Digital Contact Centre Platform.
  • AI chip giant Nvidia likely to invest in Europe

    SANTA CLARA, US -  The CEO of Nvidia said that the world's most valuable chipmaker is "extremely likely" to invest in Europe. Nvidia's Jensen Huang told reporters that expanding in Europe was a "wonderful idea." By investing money in Europe, Nvidia would join other semiconductor giants like Intel that are also...
  • VR, AI help executive education flourish across GCC

    Executive education in GCC countries is being driven by economic diversification and technological trends, Peter Zemsky, Deputy Dean of INSEAD, tells TRENDS in an interview.
  • UAE government launches chatbot allowing users to access information on services

    Dubai, UAE-- The UAE government has launched an AI-powered chatbot that allows users to access information about government services in one place in Arabic and English. The “U-Ask” platform, a unified AI-powered chatbot, is now available on the official portal of the UAE government. Using generative AI technology, the platform...
  • TRENDS Poll: 38% feel AI threatens their jobs

    New job opportunities are expected to emerge, but only individuals with advanced technological skills and education would be eligible for them. 
  • Humans must stay in control of AI, European trade union chief warns

    BERLIN, GERMANY — No employee should be “subject to the will of a machine”, European trade union chief Esther Lynch has warned, calling for regulation to ensure humans remain in control as artificial intelligence technology advances at breakneck speed. In the same way that European Union treaties protect health and...
  • Need for big investments dark cloud over ChatGPT revolution

    Building something even near the scale of what OpenAI, Microsoft or Google have on offer would require billions in investment on chips and quality human resources. OpenAI bled around $540 million last year as it developed ChatGPT and says it needs $100 billion to meet its ambitions.
  • Proven Robotics integrates ChatGPT with Pepper humanoid robot

    Dubai, UAE: PROVEN Robotics, a robotic solutions provider, announced the successful integration of natural language artificial intelligence (AI) technology, ChatGPT, into its humanoid robot, Pepper.  The integration of ChatGPT in Pepper offers several significant benefits including improving Pepper’s natural language understanding, enabling the robot to understand a wide range of...
  • DEWA and Huawei to develop new technologies in electricity, water sectors

    Dubai, UAE--DEWA and Huawei are looking to develop new technologies and solutions to boost efficiency and sustainability in the electricity and water sectors, improve user experience and provide more efficient, safe and sustainable services. The strengthening of the partnership came up in a meeting between Saeed Mohammed Al Tayer, MD...
  • The Game Company raises $5m at $40m valuation

      Dubai, UAE - AI-driven cloud-based gaming platform, The Game Company, raised $5 million during their pre-seed round in December. The funds will be used to accelerate the development of The Game Company's  platform and leverage AI technology to create an interconnected multi-role ecosystem. Their approach to create a unique...
  • Rise of ChatGPT: GCC might lose 10 million jobs in 5 years

    Its transformative power to reshape life has left people awestruck across the world, but the technology that powers ChatGPT might put at risk about 10 million jobs in the GCC.
  • DEWA announces pilot use of ChatGPT on its website

    Dubai, UAE: Dubai Electricity and Water Authority (DEWA) announced the pilot use of ChatGPT, since April 2023, on its website through Rammas, DEWA’s virtual employee, to enhance customer experience. The step has been taken as part of the company’s strategy to employ Artificial Intelligence (AI) technologies across all its operations...
  • AI may help in machinery repair, labor crisis

    The launch chatbot ChatGPT by the US firm OpenAI last year has resulted in an explosion of interest in uses of Artificial Intelligence across many sectors.
  • Elon Musk establishes X.AI artificial intelligence company in Nevada

    San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents that surfaced on Friday. Musk, who is already the boss of Twitter and Tesla, was listed as director of X.AI Corporation founded on March 9, a state business...
  • Priorities set to spur Saudi digital transformation

    Organizations across the Kingdom are witnessing major DX impact in customer satisfaction, cost efficiencies, and data-driven insights, an IDC executive tells TRENDS.
  • Italy blocks AI chatbot ChatGPT over data privacy failings

    Italy became the first western country to take such action against the popular chatbot. The country's Data Protection Authority said US firm OpenAI, which makes ChatGPT, had no legal basis to justify "the mass collection and storage of personal data for the purpose of 'training' the algorithms underlying the operation...
  • UAE to spend $20bn on digital tech in three years

    The UAE aims to double the contribution of the digital economy to the GDP from 9.7% to 19.4% within the next 10 years, and seeks to establish itself as an innovation hub.
  • G42 is leading listings of tech companies on ADX: Presight chairman

    Abu Dhabi, UAE - Mansour Ibrahim Al Mansouri, Mansour Ibrahim Al Mansouri, Chairman of the Board of Directors of Presight, stated on Monday that Presight's IPO is the second initial public offering from G42's portfolio, after the listing of Bayanat last October, which became the first tech company to be...
  • Presight to list on 27 Mar

    Presight IPO received $496 million. It was oversubscribed 136 times.
  • Dubai’s tech sector gains greater popularity

    Dubai boasts a thriving community of startup incubators and accelerators, as well as regulatory sandbox schemes for the development and testing of new tech business models.
  • Presight IPO oversubscribed

    The G24 data analytics firm received $496 million in its offering.
  • ‘AI, blockchain complementary, must be used responsibly’

    The responsible AI must enhance education, everyday life, and work, while blockchain protocols must be democratized in a decentralized society, says Dava Newman of MIT Media Lab.
  • Unequal pay checks plague GCC workplaces

    Businesses in the region need to embed diversity strategies by setting diversity KPIs to ensure fair assessments for women and reinforcing supportive workplace culture whill also help acheive the goal, she advises.
  • AI, ML make banks in MENA region smarter and faster

    The artificial intelligence is expected to play a significant role in shaping the future of region's financial services, Tarabut Gateway CCO Adnan Erriade tells TRENDS.
  • AI revolutionizes region’s distribution industry

    In just a few years, AI solutions have crossed from science fiction into business reality, delivering on their potential to save time, cut costs and deliver value through smart insights. Fear of AI has largely been left in the rearview mirror, and this is only the beginning of AI’s arrival,...
  • Phone firms set for annual meet in shadow of global slump

    Barcelona, Spain--The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together, this year under the shadow of a severe slump across the technology sector. Some 80,000 delegates are expected at the four-day Mobile World Congress (MWC), which is back to near...
  • Sexting chatbot ban brings AI rules in focus

    Given that these bots still make factual blunders, often show bias and could even spout libelous statements, some are clamoring for them to be tightly controlled.
  • A nation or business can’t leave talent off the field

    “If you leave people off the field, you have a blind spot – as a country, as a business, in any project you a building. It is a competitive advantage to be inclusive in the boardroom when key decisions are made because if you are not, you are only hurting...
  • Remote work, hybrid workplace boost telecom demand

    Demand for technologies including 5G, AI, ML, IoT, and advanced data analytics will continue to rise in the UAE this year, du CEO Fahad Al Hassawi tells TRENDS.
  • Humanoid robots to take center stage at UN meet on AI

    Geneva, Switzerland---Eight humanoid robots will be the star attractions when the United Nations hosts its first summit since the start of the pandemic on the benefits of artificial intelligence, it said Wednesday. The AI for Good Global Summit, first held in 2017, will return to Geneva on July 6 and 7...
  • Qatar’s planning authority, Microsoft to push emirate’s digital goals

    Doha, Qatar-- Qatar's Planning and Statistics Authority (PSA) and Microsoft have signed an MoU to support the digital transformation in the emirate. The MoU will enable the Authority to implement projects, disseminate data and statistics, and support sustainability in line with Qatar National Vision 2030. Microsoft shall provide PSA with...