AHOY has launched its Startup Builder Initiative to support 10,000 entrepreneurs and empower 30,000 developers across MENA by 2030. The initiative, backed by decentralized AI and a startup community platform, will drive innovation in sectors like logistics, mobility, and smart cities. AHOY aims to accelerate startup growth and global expansion.
· Companies join forces to help drive innovation in both networking and security—simplifying operations while delivering more visibility, control and…
Verofax, a leading provider of innovative customer service solutions, has announced the signing of a Memorandum of Understanding (MoU) with…
Checkout.com has partnered with noqodi to integrate advanced payment technology into the UAE’s financial ecosystem. This collaboration aims to enhance payment processes for businesses and consumers, offering secure, efficient, and flexible payment solutions. It will streamline transactions, boost operational efficiency, and support economic growth in the region.
Saudi Arabia is advancing its Vision 2030 goal to become a global FinTech hub. With robust investments in digital payments, alternative financing, and regulatory frameworks, the Kingdom is witnessing rapid growth in FinTech startups, driving innovation and financial inclusion across various sectors.
Global generative AI spending is set to reach $644 billion by 2025, driven by hardware integration, with 80% of spending focused on devices like servers and smartphones. Despite high failure rates in early projects, the growth reflects AI’s increasing role in business and consumer technology, impacting all IT spending markets.
Omran Sharaf, UAE’s assistant foreign minister for advanced science and technology, warned at the AI, Security, and Ethics Summit in Geneva about the risks of AI falling into the wrong hands. He stressed the importance of implementing controls and global cooperation to prevent misuse by non-state actors and militants.
The Bangladesh Telecommunication Regulatory Commission (BTRC) has released a draft policy to simplify the telecom licensing system, reducing the structure to three main categories. The proposed reforms aim to streamline services, eliminate outdated licenses, and enhance BTRC’s autonomy in regulating the sector, pending public consultation and government approval.
The Open-Source AI Summit Abu Dhabi, hosted by TII, brought together over 300 international AI experts to discuss the future of AI. Topics included AI ownership, ethical considerations, sustainable computing, and the debate between open- and closed-source models. The summit marks a significant step in shaping global AI policies.
The collaboration aims to develop and implement IoT solutions that improve operational efficiency across various sectors.
