Qatar Airways, a global airline company, on Sunday, said it will participate in the Arabian Travel Market (ATM) Dubai 2024, and allow visitors to meet and engage with Sama 2.0, the second generation of the world’s first artificial intelligence (AI) powered digital cabin crew. In early March, the airline operator launched its holographic virtual cabin […]
Japanese electronics company Sharp said it is planning an investment of $3 billion to $5 billion to establish a display fabrication unit in India, reported the Times of India on Saturday. The proposed 1,000-acre plant will fill the need for exports and domestic production, serving as a global manufacturing hub, added the news report. The […]
Food and grocery delivery company Swiggy, on Tuesday, received approval for the initial public offering (IPO) of ₹10,414 crore ($ 1.25 billion) from its shareholders, based on the report of the Economic Times. The online food delivery aims to raise ₹3,750 Crore in fresh capital and the IPO will include an offer-for-sale (OFS) component of up […]
Digital payment giant Visa, on Wednesday, collaborated with AWS Partner Network (APN), a community that leverages AWS technologies, with an aim to build innovative solutions and services to make transactions easier, faster, and secure in the payment eco-system for customers. Global payments technology provider said the presence in APN will enable its partners and clients, including cloud-native fintech, to […]
Financial service provider, Lendingkart on Wednesday appointed Mukund Barrsagade, former Financial Chief of fintech company Paytm Payments Bank, as its new Chief Financial Officer. The newly appointed Financial Chief brings more than three decades of experience in the Banking, financial services and insurance (BFSI) and IT sectors as well as extensive expertise in financial management […]
Following a resounding success, VAP Group is thrilled to announce the triumphant conclusion of the inaugural editions of the Global AI Show and the Global Blockchain Show, held on April 16 and 17, at Grand Hyatt, Dubai. The heavy rainfall that hit Dubai on Tuesday, earlier this week, most of the other events around the […]
The United Arab Emirates (UAE) government said on Wednesday, it allocated a 2 billion AED ($545 million) fund to aid homeowners in repairing properties damaged due to recent heavy rainfall and flooding, based on the report of Khaleej Times. Earlier this week, the Kingdom witnessed a year’s worth of rain in a single day, with […]
Financial service provider BharatPe, on Tuesday, launched BharatPe One, an all-in-one payment product that integrates point of sale (POS), quick response (QR), and speaker into one device. The fintech company said this product is designed to help retailers simplify transactions by providing payment acceptance options including active and stagnant QR codes, tap-and-pay, and standard card payment alternatives across a […]
Tech giant Microsoft, on Tuesday, launched a novel smaller AI model called Ph-3-mini aimed at enhancing efficiency and accessibility in artificial intelligence applications. The firm said Phi-3 models represent the pinnacle of small language models (SLMs), offering unparalleled capability and cost-effectiveness. They outperform comparable models in a range of language, reasoning, coding, and math benchmarks, Microsoft […]
Financial solutions company Razorpay, on Tuesday, launched Unified Payments Interface (UPI) Switch, in partnership with Airtel Payments Bank to handle up to 10,000 transactions per second (TPS) at any given time. The company said the solution is a UPI infrastructure and next-generation cloud-based innovation that is aimed to increase success rates by 4-5%, while also providing businesses with five times faster access […]
Global tech giant Microsoft signed a five-year partnership with Coca-Cola, to enhance the beverage company’s technology strategy with the adoption of its generative AI and cloud infrastructure. Various enterprises across the globe have been pacing up to introduce generative AI and the latest cloud technology in their workstations to ease the flow of tasks carried out and address the challenges in […]
Elon Musk-owned Tesla, on Wednesday, said the electronic vehicle manufacturer will lay off over 10% of its workforce in the first quarterly earnings call, with an aim to increase profitability and ultimately increase the scale of investment in artificial intelligence (AI). The company looks to lay off 6,020 employees in Texas and California with 3,332 jobs to be […]
Software developer Simpro, on Monday, appointed Ashley Mehlman, as its Chief Financial Officer to deliver innovative solutions that empower its customers’ success in the security, electrical, HVAC and other field service industries. Simpro said the newly appointed Financial Chief will be responsible for all financial aspects of its global operations, including strategic planning and analysis, […]
Digital transformation service provider Cognizant and Microsoft expanded its partnership, on Monday, to make Microsoft’s generative artificial intelligence (GenAI) and Copilots available to its users. The firm said with this collaboration it looks to transform enterprise business operations, improve employee experiences, and accelerate cross-industry innovation. As part of the partnership, Cognizant said it purchased certain […]
Saudi Telecommunication Company (STC), on Tuesday, appointed Khalid bin Baijan Al-Osaimi as its Chief Executive Officer, succeeding Nezar bin Hussain Banabeela, effective on 28th April. The newly named Executive Chief, Al Osaimi was with Mobily, a mobile and data service provider, for about two years as a Vice President of Wholesale Marketing. Prior to this, he was with Stc […]
