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Virgin Hyperloop One, the company that is developing futuristic transit systems in the UAE and India, is looking to connect Gulf countries as well as areas within Dubai, drastically reducing travel time, a senior official said on Sunday.“We have a vision to connect Gulf region which will enable travelling from Abu Dhabi to Riyadh in […]
Next year, the UAE can possibly have its first ‘robotaxi’ – or a cab without the cabbie – if a self-driving car startup gets the partnership it needs to run the business in the UAE. AutoX, a firm based in Hong Kong, is in talks with some UAE companies and groups and, if all goes […]
At Microsoft’s Future Decoded event in London, AI was the principal topic for discussion, with financial services no exception. “Everyone’s talking about it, everyone thinks everybody else is doing it, but we don’t think we’re ready to do it ourselves!” Rishi Srivastava, digital adviser at Microsoft, said before exploring the benefits of AI in financial […]
More than 100 fintech firms have applied to take part in the UK’s Open Up 2020 Challenge, which will see them compete to unlock the power of open banking and bag a share of a £1.5 million prize fund. Run by Nesta Challenges in partnership with the official Open Banking Implementation Entity (OBIE), the competition […]
Facebook’s Libra plans continue to stumble as PayPal quits the digital currency project, with Visa and Mastercard also reconsidering their involvement. In a statement late on Friday, PayPal says it has decided to “forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business […]
Facebook has been working for years on augmented reality (AR) glasses, and it recently teamed up with Ray-Ban maker Luxottica to help prepare for a possible release between 2023 and 2025, according to a report by CNBC. The glasses, code-named Orion, are being designed to eventually replace smartphones by allowing wearers to answer calls, see digital […]
The Americas Blockchain Summit (ABS 2019) with the theme “How Blockchain is Transforming Businesses” will be held in Panama, Rep. of Panama, 7 & 8 November, 2019 at the Wyndham Hotel. The ABS 2019 is an unprecedented event in Panama that connects global experts in the use of blockchain, technology developers, emerging startups, leaders in […]
For financial institutions (FIs) leveraging the cloud, the earliest adoption was often the high-performance computing grid to support complex modelling. Gone were the days when limited capacity of on-premises grids meant that quants or actuaries had to wait for the compute resources they needed to run their models: across workloads, the cloud allows FIs to […]
Didi Chuxing, China’s version of Uber, announced plans to launch a robotaxi service in Shanghai where users will be able to hail driverless cars from the app. The ride-hailing company will deploy 30 different models of so-called level four autonomous vehicles in the Jiading district of Shanghai. Level four self-driving cars have a high degree […]
Visa has unveiled a suite of new security services and capabilities to detect and disrupt fraud threats targeting banks and merchants. Among the free tools are Visa Vital Signs, which actively monitors transactions and alerts financial institutions of potential fraudulent activity at ATMs and merchants that may indicate cashout attacks. Another new feature applies deep […]
A Future Run by Intelligent Machines Imagine waking up on a beautiful Monday morning with a busy day at the office ahead of you, yet feeling surprisingly calm. Breakfast needs to be prepared for the kids and for yourself, and there is no maid to help. You are still not worried. You feel a bit […]
The basic thing our science teachers taught us when we were kids back in school was about renewable and non-renewable sources of energy. And you obviously must have guessed by now that solar energy is a renewable source of energy as it uses the energy of the sun whereas the fossil fuels are non-renewable. The […]
