INSEAD Day 4 - 728x90

Technology

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.
  • New $25bn Intel plant Israel’s single largest foreign investment

    The "agreement in principle" would see the semiconductor firm build the facility in southern city Kiryat Gat that would open by 2027 and operate at least until 2035, Israel's finance ministry said. As part of the deal, Intel's taxes to Israel would rise from five to 7.5%, the finance ministry...
  • Blinken begins high-level talks in China to ease bilateral tensions

    US Secretary of State Antony Blinken is in Beijing for key discussions, marking the first top-level US visit in five years. Amid rising tensions and conflicts over trade, technology, and security, both countries display cautious optimism for better communication and a potential easing of bilateral strains.
  • ADDED partners with Valeo to set up electric cars technology hub

    Dubai, UAE -- Abu Dhabi's Department of Economic Development (ADDED) has joined forces with Valeo, a global automotive technology company, to establish a technology hub in Abu Dhabi for the production of autonomous and electric car components. The partnership aims to accelerate the growth of the automotive industry in the...
  • Dubai Airshow 2023 to show off latest trends in aerial mobility

    Dubai, UAE-- Dubai Airshow 2023 will show off the latest trends in the advanced aerial mobility (AAM) market as disruptive methods of aerial transportation are becoming the future of aviation. Set to take place from 13-17 November 2023 at Dubai World Central, Dubai Airshow Site, the show will give a...
  • GCC banking’s tech shift saves time, money

    GCC banks started adopting online and mobile banking, and ATMs, in the 1990s and 2000s. More recently, they've integrated advanced technologies like AI, blockchain, and big data, enhancing customer service and fraud detection.
  • EU lawmakers to back world’s first rules on AI systems like ChatGPT

    The EU's plans date back to 2021, the draft rules took on greater urgency when ChatGPT exploded onto the scene last year, showing off AI's dizzying development and the possible risks. There is also growing clamour to regulate AI across the Atlantic, as pressure grows on Western governments to act fast...
  • HSBC relaunches SVB UK

    The new unit is headed by former SVB UK boss Erin Platts.
  • Homework will ‘never be the same’ says ChatGPT founder

    ChatGPT has captured the world's imagination with its capacity to generate human-like conversations, writing and translations in seconds. But it has raised concern across many sectors, including in education, where some worry students will abuse the tool or turn to it rather than producing original work.
  • Rise of AI voice scams causes alarm in the US

    The biggest peril of Artificial Intelligence, experts say, is its ability to demolish the boundaries between reality and fiction, handing cybercriminals a cheap and effective technology to propagate disinformation. In a new breed of scams that has rattled US authorities, fraudsters are using strikingly convincing AI voice cloning tools --...
  • SEWA holds talks with US consulate to promote innovation for energy solutions

    Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore efforts in promoting innovation in energy and water and developing sustainable solution for energy production using advanced technologies. In this regard, Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA, hosted...
  • Arab-China summit sees $10bn deals on first day

    Investment agreements between the two sides covered diverse sectors such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare.
  • RTA signs strategic partnership agreement with Al-Futtaim Automotive

    DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has signed a strategic partnership agreement with Al-Futtaim Automotive to deploy 360 vehicles, including electric and hybrid variants, for use in conferences and events over a three-year period. As part of the agreement, which supports RTA's sustainable transport network and the...
  • Arab-China summit will bolster bilateral economic ties

    The event is aimed at bolstering trade and economic alliances between Arab and Chinese business communities and to explore a variety of investment opportunities. The sectors in focus include technology, renewable energy, agriculture, real estate, minerals, and supply chains.
  • Not my vision of the future: Meta’s Zuckerberg on Apple Vision Pro

    A new-generation Quest 3 with improved performance and slimmed design will be available later this year at a starting price of $500. Zuckerberg described the coming model as Meta's "most powerful headset yet" and promised it would provide the best wireless way to experience mixed and virtual reality.
  • UK to hold first AI summit, says Sunak on his US visit

    Opening his two-day trip, the prime minister announced that Britain would hold the world's first summit on artificial intelligence in the second half of the year. "AI has an incredible potential to transform our lives for the better. But we need to make sure it is developed and used in...
  • Iran hints at cooperation with Saudi Arabia on ‘peaceful nuclear technologies’

    Tehran, Iran-- With the restoration of diplomatic ties between Iran and Saudi Arabia, the talk in government circles in Tehran is now focused on cooperating with Riyadh on peaceful nuclear technologies. A hint of the potential cooperation between the two former adversaries came in a tweet by a media outlet...
  • Apple Spatial Computing

    Apple launches spatial computer; takes VR world by storm

    CUPERTINO, California: Apple on Monday unveiled Apple Vision Pro, a spatial computer that seamlessly blends digital content with the physical world, while allowing users to stay present and connected to others. Vision Pro creates an infinite canvas for apps that scales beyond the boundaries of a traditional display and introduces...
  • TRENDS poll: Technology most booming GCC sector

    Tourism and Finance were the next flourishing sectors named in the poll in which the majority of the respondents were in the 20-29 age group and mostly from Egypt.
  • US official meets UAE diplomats to discuss climate change

    DUBAI, UAE - US special climate envoy John Kerry has met senior Emirati officials in Abu Dhabi, including the head of the United Nations' upcoming climate change conference, official media reported on Sunday. The choice of Sultan Al Jaber, chief executive of the Abu Dhabi National Oil Company (ADNOC), to head...
  • Human extinction threat ‘overblown’ says AI sage Marcus

    In March, alarmed that ChatGPT creator OpenAI was releasing its latest and more powerful AI model with Microsoft, Marcus signed an open letter with more than 1,000 people including Elon Musk calling for a global pause in AI development. But last week he did not sign the more succinct statement...
  • PwC opens regional headquarters

    The Middle East headquarters has been set up in Riyadh.
  • Dubai holds trial of drone delivering medicine in public-private sector tie-up

    Dubai, UAE--Dubai held the first trial of medical delivery by drones at the Dubai Silicon Oasis (DSO), in yet another unique public-private sector partnership. The completion of the trial makes Fakeeh University Hospital, an academic-focused smart healthcare facility based in DSO, the first healthcare provider in the Middle East to...
  • 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...
  • Global action needed to reduce ‘extinction risk’ from AI, say experts

    A one-line statement signed by dozens of specialists, including Sam Altman whose firm OpenAI created the ChatGPT bot, said tackling the risks from AI should be "a global priority alongside other societal-scale risks such as pandemics and nuclear war".
  • Meeza to offer 50% shares in IPO

    The company will follow it up with a listing on QSE.
  • UAE, Saudi Arabia front runners in GCC talent race

    The UAE's strategic allure for global talent through enticing policies clashes with Saudi Arabia's ambitious Vision 2030, diversifying economy and broadening talent avenues.
  • 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. 
  • Saudi Arabia enters a new era of tech and innovation

    “The Kingdom advanced 15 places in the Global Innovation Index in 2022. Winning prizes and top ranks in international competitions has become a yearly tradition for the Kingdom's students and talents. This includes winning 27 awards at the Regeneron ISEF 2023 conference," he adds.
  • Musk secures approval for direct brain-computer interface technology

    Neuralink said clearance from the US Food and Drug Administration (FDA) for its first in-human clinical study is "an important first step" for its technology, which is intended to let brains interface directly with computers. Members of the Neuralink team have shared a "wish list" that ranged from technology returning...
  • ‘Partnerships with technology leaders help in Dubai’s digital transformation’

    DUBAI, UAE - First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum on Thursday met with Charles Meyers, President and CEO of Equinix here. During the meeting, Maktoum bin Mohammed highlighted Dubai’s keenness to strengthen...
  • China scammer uses AI to pose as man’s friend, steal millions

    The victim, surnamed Guo, received a video call last month from a person who looked and sounded like a close friend. But the caller was actually a con artist "using smart AI technology to change their face" and voice, according to an article published Monday by a media portal associated...
  • Apple to tie up with Broadcom for 5G telecom networks

    The company will collaborate with US tech firm Broadcom in order to make "cutting edge" parts for wirelessly connecting to high-speed 5G telecom networks. Apple however did not specify how many billions of dollars it would be putting into the alliance, but said it is part of a commitment to...
  • 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...
  • DEWA, WeGO discuss cooperation to achieve sustainable development goals

    Dubai, UAE--Dubai Electricity and Water Authority (DEWA) is looking to cooperate with World Smart Sustainable Cities Organization (WeGO) in urban sustainability, smart technologies and innovate solutions in order to achieve sustainable development goals. In this regard, Saeed Mohammed Al Tayer, MD and CEO of DEWA welcomed a high-level delegation from...
  • 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.
  • G7 to focus on ‘responsible’ use of artificial intelligence

    The world must assess the impact of generative artificial intelligence, G7 leaders said, announcing they will launch discussions this year on "responsible" use of the technology. A working group will be set up to tackle issues from copyright to disinformation, the seven leading economies said in a communique during a...
  • UAE discusses clean energy partnerships with Germany, Netherlands

    ABU DHABI, UAE -  A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the Netherlands to reinforce existing partnerships and discuss common goals, energy transition, technology deployment and potential projects. Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs MoEI visited Germany and the...
  • Digital literacy to boost UAE’s tech, AI revolution

    The goal is to create a prosperous digital economy, built upon a robust digital infrastructure and a regulatory and legislative framework, says UAE Minister of State for AI.
  • 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...
  • Advertising executive Linda Yaccarino is new CEO of Twitter

    Elon Musk has chosen top ad executive Linda Yaccarino to take the day-to-day reins of Twitter as he fights to reverse the tide at the struggling platform he bought for US$44 billion last year. Yaccarino is a highly respected advertising executive who stepped down from NBCUniversal "effectively immediately" on Friday.
  • Technology helps accelerate industrial decarbonization

    There are three main pillars to this approach: transforming existing industries with advanced technologies, creating the green industries of the future, and decarbonizing hard-to-abate industries. We believe that with the right enablers—policy, technology, access to finance, and partnerships—we can achieve climate targets, she adds.
  • GCC-China economic relations move beyond oil trade

    China aims to play a more central role in the Gulf region, focusing on investment opportunities beyond the oil and energy relationship.
  • 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.
  • AI could replace 80% of jobs ‘in next few years’: expert

    Goertzel was in provocateur mode last week at Web Summit in Rio de Janeiro, the world's biggest annual technology conference, where he told in an interview that AGI is just years away and spoke out against recent efforts to curb artificial intelligence research.
  • Sharjah exhibits futuristic tourism technologies at ATM 2023

    Sharjah, UAE-- Sharjah showcased its technology-enabled approach to the tourism industry at the Arabian Travel Market (ATM) 2023, highlighting the future of tourism in the region and beyond. Sharjah pavilion at the event demonstrated cutting-edge technologies and groundbreaking concepts, offering a compelling glimpse into the emirate's tourist destinations. Run by...
  • Microsoft expands artificial intelligence programs’ access to public

    Risks from AI include its potential uses for fraud, with voice clones, deep-fake videos and convincing written messages. A range of experts in March urged a pause in the development of powerful AI systems to allow time to make sure they are safe.
  • Tech impact: New jobs emerge as automation prevails

    As future job market will be affected by AI, digitization and economic developments, big data analytics, management technologies, and cybersecurity will drive employment growth.
  • ‘Godfather of AI’ quits Google to warn of the tech’s dangers

    The scientist warned about the potential spread of misinformation created by AI, telling the media that the average person will "not be able to know what is true anymore." While AI has been used to support human workers, the rapid expansion of chatbots like ChatGPT could put jobs at risk.
  • UAE, Morocco discuss ways to strengthen trade relations

    Rabat, Morocco - The UAE is keen to strengthen economic and trade relations with Morocco, in a way that enhances the establishment of new partnerships that serve their interests in vital sectors and consolidate the strength of bilateral relations, UAE's Minister of Economy Abdullah bin Touq Al Marri has said....