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The newest advancements in artificial intelligence have been included into a new edition of Microsoft’s Bing search engine. The update uses OpenAI’s ChatGPT technology, which has been sweeping the globe since its release a year ago. The action ushers in an AI arms race between the two businesses and represent by far the largest challenge […]
The top companies in the world’s trailblazing industries came together for the 4th Annual Business Tabloid Awards on January 19, 2023, at Atlantis The Palm in Dubai, United Arab Emirates. The Annual Business Tabloid Awards recognizes excellence in various industries, including Banking, Finance, Insurance, Real Estate, Technology, Healthcare, Leadership and Logistics & Transportation. A panel […]
The new upheaval has corporations considering relocating some of their chipmaking capacity to neighbouring Vietnam and India due to U.S. restrictions on chip exports to China. However, experts told CNBC that it is unlikely that the global competition for chipmaking dominance will be disturbed by the Biden administration’s limits on China’s semiconductor exports. Recent inquiries […]
Through the tokenization of the precious metal, which is backed by actual gold bars recorded on Dubai Multi Commodities Centre (DMCC) Tradeflow, Dubai’s DMCC has teamed up with ComTech Gold to digitise the trading of gold. DMCC Tradeflow is an online portal for registering the ownership of goods kept in UAE facilities that were introduced […]
The U.S. Food and Drug Administration (FDA) on Wednesday announced that it had approved a meat product made from animal cells for ingestion by humans for the first time. In documents made public on Wednesday, the FDA stated that it had examined the company’s evidence and had no further concerns regarding the conclusion that its […]
The New York Times said that is preparing to fire some 10,000 workers in corporate and technical positions starting this week. The Wall Street Journal cited a person who claimed the business intended to fire thousands of workers. According to the article, the cuts would be the biggest in the company’s history and would mostly […]
Despite ongoing interest from potential suitors, Saudi-backed Volocopter, the inventor of the air taxi, said it anticipates remaining independent until after its first commercial flights in 2024, with a public market offering anticipated the following year. Volocopter’s launch funding has topped $518 million, and the business is still raising money. It has received $182 million […]
Al Yah Satellite Communications, more often referred to as Yahsat, and Hub71, Abu Dhabi’s global technology ecosystem, have partnered to advance the advancement of new technology in the satellite communications sector. Together, the two organisations will search for start-ups that could boost satellite communication technology and advance the UAE’s space economy. According to Hub71, Yahsat […]
Without giving specific figures, Twitter and Tesla CEO Elon Musk stated on Friday that the social media network has experienced a “huge loss in revenue” as a result of advertisers stopping their expenditure there. Despite Musk’s assertions of the revenue dip, MediaRadar, an ad analytics tool, found that Twitter’s ad spending had been declining before […]
After six months of public and legal battling over the purchase, Elon Musk finally completed his $44 billion acquisition of Twitter, according to sources familiar with the situation, placing the world’s richest man in charge of the faltering social network. Twitter will now be a private corporation and shareholders will receive $54.20 per share. The […]
Mastercard and BitOasis, the region’s top cryptocurrency platform for the Middle East and North Africa (MENA), have teamed up to introduce a number of crypto card programmes that will make it easier for people to use cryptocurrencies on a daily basis at retail locations and on e-commerce sites. Customers of BitOasis will be able to […]
On October 10, 2022, a “flying automobile” created by Chinese electronic vehicle manufacturer Xpeng had its first open test flight in Dubai. The Dubai International Chamber, one of three Chambers operating under Dubai Chambers, hosted the test flight. Zero carbon dioxide emissions are produced during flight, and the eVTOL X2 flying automobile can operate in […]
