The company is now valued at $157 billion after it eclipses the $6 billion round by Elon Musk’s xAI earlier this year
Artificial intelligence
Artificial intelligence
Dubai rises as epicentre of PropTech innovation as city’s real estate firms chase new-age tech tools with massive investments
PropTech startups in the MENA region secured $200 million in funding in the first half of 2024, surpassing even the traditionally dominant fintech sector
Artificial intelligence
e& UAE launches AI-powered ‘EASE’ store in Dubai Mall to enhance telecom retail experience
The EASE concept aims to give customers an experience which is effortless, autonomous, seamless and efficient, leverages cutting-edge artificial intelligence, machine learning, smart shelves, and robotics to offer customers a frictionless shopping experience
AI adoption
From potential to promise: Creating AI value
Following the UAE’s lead, how can companies capture tangible ROI from AI strategies?
Artificial intelligence
UAE President Sheikh Mohamed meets with Microsoft, BlackRock, and Nvidia CEOs to explore tech opportunities
The CEOs of the three companies expressed their keen interest to continue their collaboration with the UAE in advanced technology
Artificial intelligence
Google CEO Sundar Pichai announces $120mn ‘Global AI Opportunity Fund’ at UN Summit
The fund will be provided to make artificial intelligence (AI) education and training available in communities around the world
Artificial intelligence
Microsoft announces share buyback plan of up to $60 billion
Under pressure from investors to show results of its huge investments into AI, it also increases the quarterly dividend by 10 percent
AI
AI to add $100bn to UAE GDP by 2030
Astra Tech founder Abdallah Abu Al Sheikh says AI will have a major impact on the UAE economy and make up 14 per cent of GDP by 2030
Abu Dhabi
Presight set to transform healthcare in Jordan with new contract
The project includes building a virtual hospital ‘Command Center’ that provides tele-ICU, tele-radiology and tele-dialysis
Artificial intelligence
UAE’s G42 to launch a cutting-edge Hindi Large Language Model soon
NANDA is a 13-billion parameter model trained on approximately 2.13 trillion tokens of language datasets, including Hindi
Ali Al Mansoori
The strength of human values in the age of automated workplaces
Amidst the rise of automation and technological advancements, traditional human values and support must remain at the forefront of modern, machine-driven workplaces
Artificial intelligence
UAE sets global standard for future-ready governance, says top official
“We are setting the standard for the rest of the world to follow,” says Ruqayya AlBlooshi
Artificial intelligence
Kerala-based startup unveils world’s first AI-powered humanoid robot for career coaching
By combining advanced AI capabilities with a human-like presence, Laya_AI interacts with students naturally and intuitively
Artificial intelligence
Investors unimpressed by Nvidia’s 122% growth in revenue
Although the Jensen Huang-led company beat market expectations on most counts, the share fell 8% in after-hours as investors wanted more