Nasdaq futures fell sharply in early Asian trading hours on Monday following concerns about China’s DeepSeek, which recently introduced an advanced AI model. The model is being seen as a potential disruptor in the US tech industry. S&P 500 futures dropped by 1%, while Nasdaq 100 futures slid by as much as 1.9%. The losses...
The UAE has taken a major step toward advancing healthcare by launching its first Stem Cells Research Centre. The facility, based at United Arab Emirates University in Al Ain, is part of the country’s ambitious plan to lead in regenerative medicine and develop innovative medical solutions. The centre, which opened today, was inaugurated in the...
Chinese startup DeepSeek has achieved a remarkable milestone by overtaking its competitor ChatGPT to become the top-rated free application on Apple’s App Store in the United States. This accomplishment was announced on Monday and comes as the company’s artificial intelligence Assistant, powered by the DeepSeek-V3 model, gained significant traction among U.S. users since its release...
Agentic AI is transforming the automotive sector by offering advanced customer engagement solutions that move beyond traditional scripted responses. Unlike conventional chatbots that follow rigid decision trees, Agentic AI operates autonomously, enabling it to understand context, make decisions, and execute complex workflows without needing human intervention. This shift is particularly significant in industries requiring real-time...
The University of Sharjah (UoS) made a significant impact at the British Educational Training and Technology Conference and Exhibition (BETT 2025), which took place in London from January 20 to 24. Participating as part of the official delegation from Sharjah, organized by the Sharjah Private Education Authority (SEPA), the event also included representatives from the...
The UAE’s digital transformation has saved the country Dh14.7 billion ($4 billion), according to Maryam bint Ahmed Al Hammadi, Minister of State and Secretary General of The UAE Cabinet. Speaking at the World Economic Forum in Davos, she explained that adopting advanced technologies like AI and prioritising citizen needs made modernisation essential for the government....
DP World is collaborating with global financial institutions and technology providers to tackle the long-standing issues in cross-border payment systems. The company made this announcement during the World Economic Forum in Davos, highlighting the inefficiencies that have long plagued global commerce. Emerging markets, particularly in Asia and Africa, face challenges such as prolonged settlement times,...
The Government of the United Arab Emirates, alongside the World Economic Forum, has signed a Memorandum of Understanding to create the Global Regulatory Innovation Platform (GRIP). This significant agreement was announced during the 55th Annual Meeting of the World Economic Forum, taking place in Davos, Switzerland, from January 20 to 24, 2025. GRIP aims to...
Reem Hospital in Abu Dhabi has partnered with Ntigra AI Applications to bring advanced technology into its operations. The collaboration aims to optimize Revenue Cycle Management (RCM), improve efficiency, and enhance patient care. Key to this partnership are Ntigra’s AI-powered platforms, including Discovery® for auto-coding and claim validation, and Octopus® Autonomous Biller (OAB), which streamlines...
Vertical Aerospace, a UK-based company, is making strides in the development of its electric vertical takeoff and landing (eVTOL) aircraft, the VX4. Designed to carry four passengers up to 100 miles at speeds of 150mph, the VX4 promises a quieter, greener alternative to helicopters for short-distance travel. With zero emissions and reduced travel times, the...