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Tabby

Dubai buy now, pay later firm Tabby raises debt to $350m

The financing round for Tabby was led by US-based Partners for Growth, Atalaya Capital Management and CoVenture

Charles Mellagui of Ducab Sustainability in the Fourth Industrial Revolution

Insights: Sustainability in the Fourth Industrial Revolution

Industry 4.0 can help manufacturing companies achieve their sustainability goals by improving operating efficiency, optimising cost, and eliminating sustainability issues right at the point of product design

VARA fines OPNX

Bitcoin faces first monthly drop of 2023 as crypto revival cools

The largest cryptocurrency was steady at $27,630 as of 12:05 pm in Singapore on Wednesday

Alibaba

Alibaba to build ChatGPT-like AI into meeting, messaging apps

The large language model developed by Alibaba Cloud, dubbed Tongyi Qianwen, is now powering interactions with a new version of the assistant, Tongyi Tingwu

Emirates group to deploy Extended Reality

Emirates Group and AWS to create immersive digital experience for employees

The scope of the collaboration includes the development of an Extended Reality platform, 3D virtual hubs, virtual training, gamified environments, and simulated experiences for learning

UAE’s Falcon 40B, AI Model is Now Royalty-free image credit Technology Innovation Institute

UAE’s Falcon 40B AI model is now royalty free for commercial, research use

The AI model can help raise efficiencies such as faster project starts, faster iterations, more flexible software development processes and easier license management

Nvidia by Getty Images

Nvidia surge results in historic $1tn market valuation

Nvidia has powered past other semiconductor companies as it is the world’s biggest maker of the specialised chips needed to power AI products

Wemix

Abu Dhabi’s Hub71 and Wemix collaborate to fuel growth for blockchain startups

Startups within Hub71+ Digital Assets will be able to leverage the technical knowledge and expertise of Wemix

Lumina’s role is to support UK companies

Flat6Labs Ignite programme spurs growth, backs 38 startups with $10.2m

The programme hosts an intake cycle every six months and has thus far completed four cohorts with the fifth cohort to be announced shortly

U-Ask

UAE launches AI-powered chatbot ‘U-Ask’ for streamlined government services

Users can retrieve essential details regarding service requirements, tailored information based on their preferences

drone delivery

Dubai hospital delivers medicines to patient’s house via drone: Watch here

The delivery took place within a 10-kilometre radius, transporting medication from the hospital to a patient’s home in Cedre Villas project

television

Demand for luxury TVs surging in the GCC, says Samsung

Nikola Aksentijevic, head of Visual Display Division at Samsung Gulf Electronics, asserts that the increasing income levels and purchasing power of consumers in the region are fuelling the demand for premium products

Armin Moradi - Co-Founder & CEO at Qashio on importance of accounting automation for corporate tax Image credit Qashio

The importance on accounting automation in UAE’s corporate tax era

Businesses must assess their finance technology stack to check if the tools can effectively manage the new processes required and if the systems in place integrate efficiently to allow for seamless automation

Nothing Ear 2

How Nothing Ear 2 is disrupting the way we use earbuds

With a focus on providing an immersive listening experience, the earbuds not only deliver great audio quality but also demonstrate the brand’s meticulous attention to engineering

Bitcoin

Bitcoin jumps to more than two-week high

Smaller tokens ranging from Ether to Binance Coin also posted gains

Dubai Municipality introduces new online system for building permits image Dubai media office

Dubai introduces new online platform for building permits, control services

The new system will help streamline procedures and reduce the required application documents, making it easier for customers to input data and track application updates

Hakuto mission mapped image credit ispace

HAKUTO-R lunar mission results announced, here’s what happened

The analysis reveals that the cause of the lander’s failure to make a soft landing was due to the software, especially in the phase just prior to landing

Gitex Africa

HP to showcase future-ready hybrid work portfolio Gitex Africa

The technology event will take place from May 31 to June 2 in Marrakech

Public cloud

Public cloud’s contribution to UAE economy could reach $181bn by 2033 – report

Amazon Web Services commissioned a study to provide an econometrical method for calculating the aggregate productivity gains realised by economies that adopt cloud computing

TII unveils its Falcon 40B

Abu Dhabi’s TII unveils its Falcon 40B AI model open source

Falcon 40B is a foundational large language model with 40 billion parameters and trained on one trillion tokens

Google

Google teams up with UAE organisations for AI research and sustainability initiatives

The announcement was made during an event at the MBZUAI campus, where Google introduced three significant initiatives

TaxGPT Worlds-First-AI-Powered-Corporate-Tax-Assistant image: Virtuzone

Introducing TaxGPT, the AI-powered UAE corporate tax assistant

Virtuzone has launched TaxGPT to help UAE-based businesses get answers related to the upcoming corporate tax regime based on information from the UAE’s MOF and FTA

OpenAI

OpenAI raises $175m for startup investment fund

The platform has been investing in startups working in artificial intelligence for a while

ASUS Zenbook S 13 OLED

Redefining Mobility: Introducing the astonishingly lightweight ASUS Zenbook S 13 OLED

Unmatched portability at 1cm thin and 1kg light

Khalifa Fund launches Franchise UAE image credit KFED

Franchise UAE: Khalifa Fund launches new portal to help businesses buy and sell franchises

Franchise UAE is designed to cater to both existing, homegrown businesses seeking to develop a franchise and aspiring entrepreneurs looking to invest in an established business concept

Construction uae saudi arabia

Construction boom: UAE, Saudi Arabia expect surge in project numbers and values, says report

Majority of construction decision makers in the two countries are confident about the market conditions over the next 12 months

Meta

Meta unloads Giphy to Shutterstock at a loss of more than $260m

Facebook’s parent company Meta announced the sale of Giphy after its purchase of the GIF maker was blocked by competition regulators in the UK

Etihad Rail and Uber sign MoU photo credit Uber

Etihad Rail, Uber sign MoU to jointly bolster integrated mobility services

The companies will look at integrating e-hailing services and explore the possibility of creating an Uber dedicated pickup and drop-off area for passengers within stations

Google Cloud

New Google Cloud region in Doha to fuel economic growth and job creation in Qatar

The region is set to contribute a cumulative $18.9bn to economic activity in Qatar between 2023 and 2030 and support creation of more than 25,000 jobs in 2030 alone

Investment Authority Qatar

Builder.ai announces $250m Series D led by Qatar Investment Authority

The funding round included participation from existing and new investors including Iconiq Capital, Jungle Ventures & Insight Partners