A UAE company has introduced the Eneron Magnus, a rugged hybrid military vehicle designed to compete with Tesla in the field of autonomous vehicle production. This unveiling highlights the company’s ambition to innovate in both autonomous vehicles and humanoid robots, aiming for a significant presence on the global stage. The Eneron Magnus is being positioned...
Gecko Robotics is set to double its workforce and robot deployment in the UAE, aiming for a total of 40 to 50 employees and robots, according to CEO Jake Loosararian in an interview with Semafor. The Pittsburgh-based company, which specializes in developing devices and software for inspecting and maintaining critical infrastructure, has recently been valued...
du, a leading telecom and digital services provider in the UAE, has announced a partnership with PEACE Cable International Network Co. Limited to bring the PEACE Cable System to the UAE. This collaboration aims to improve digital transformation and connectivity for du’s Wholesale and Enterprise customers through the advanced infrastructure of the PEACE Cable. The...
Checkout.com, a prominent global digital payments company, has announced the launch of Visa Direct’s Push-to-Card solution, becoming the first acquirer in the UAE to do so. This new service facilitates both cross-border and domestic transactions, enabling merchants and consumers to conduct real-time money transfers efficiently The Visa Direct platform connects over 190 markets and offers...
Abu Dhabi has taken a significant step in advancing autonomous mobility solutions with the successful live demonstration of the HEXA light sport passenger electric aircraft. This event was conducted by the Advanced Mobility Hub in partnership with LIFT Aircraft Middle East, showcasing the aircraft’s cutting-edge technology, safety features, and eco-friendly propulsion systems The HEXA aircraft...
Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), addressed the necessity for emerging economies to adapt to the transformative effects of artificial intelligence (AI) during her speech at the AlUla Conference for Emerging Market Economies in Saudi Arabia. She emphasized that these economies must embrace AI to remain competitive and ensure sustainable...
Generative AI is being recognized as both an opportunity and a challenge for business leaders in Qatar. According to Ahmed Ben Abdallah, Partner and Advisory Head of Digital and Innovation at KPMG in Qatar, the successful harnessing of generative AI’s potential will require strong ethical frameworks, investment in training, and the implementation of effective AI...
Paris-based AI startup Mistral has introduced a new language model, Mistral Saba, which focuses on Arabic-speaking countries. The model, launched on Monday, is tailored to handle Arabic interactions more effectively, setting it apart from Mistral’s general-purpose models. With 24 billion parameters, Mistral Saba is compact compared to other large language models (LLMs). While smaller models...
Elon Musk is ready to make a significant impact in the technology sector with the launch of his AI chatbot, Grok 3. The unveiling will feature a live demonstration at 8 p.m. PT (8 a.m. UAE time tomorrow, 18th of February). Musk founded xAI not only to compete with Microsoft-backed OpenAI and Alphabet’s Google but...
Qme, a B2B SaaS startup based in Egypt, has successfully raised $3 million in a seed funding round led by AHOY, a multisector technology company. AHOY was joined in this investment by a group of angel investors from the Gulf Cooperation Council (GCC). The funding aims to advance Qme’s AI-driven platform, which addresses inefficiencies in...