Technology

UAE’s TII launches updated Falcon 2 LLM, outperforming Meta’s Llama 3

Falcon 2 11B VLM stands out as TII's first multimodal model

UAE leads global fiber connectivity for 8 years in a row with 99.3 percent penetration

Singapore ranks second with 97.1 percent fiber optic network penetration

China’s Ant International seeks expansion in Saudi Arabia

Agreement to facilitate cross-border mobile payment and trade, empower Saudi businesses

29 percent of organizations deployed GenAI as leading AI solution, reveals new survey

25 percent of companies utilize customized GenAI models for specific use cases

UAE’s DIFC hosts 900 fintech firms, fuelling sector innovation and growth

Mohammad Alblooshi, chief executive officer of the Innovation Hub, DIFC, underlined the role of technologies in driving the expansion of the financial sector

AIM Congress 2024 begins in Abu Dhabi

The event aims to formulate investment strategies and policies, and promote investment and economic opportunities

Dubai FinTech Summit kicks off, to discuss latest sector innovations, challenges

The MENA fintech landscape is booming with over 800 fintech startups worth $15.5 billion

Saudi Arabia’s internet penetration reaches 99 percent in 2023: Report

Both men and women demonstrated high levels of internet usage, with rates of 99.3 percent and 98.5 percent respectively

Saudi Arabia and Japan to collaborate on digital economy growth, technology innovation

Both parties discussed the progress made in various digital projects and joint initiatives under the Saudi and Japanese Vision 2030 frameworks

UAE is on the path to becoming the AI capital of the world

As Sam Altman once said, the country has been ‘talking about AI since before it was cool’

Driving economic growth through technology

Harnessing Artificial Intelligence (AI) to combat global economic disruptions and achieve sustainable progress

Microsoft to commit $2.2 billion investment for cloud, AI services in Malaysia

The move will strengthen Malaysia's global AI development support

Bitcoin halving: Where will crypto prices go from here?

Bitcoin’s price is up 120 percent over the last six months

Sheikh Hamdan launches Dubai blueprint for AI

As part of the first phase, a chief AI officer will be appointed in every government entity in Dubai

WEF, Saudi Space Agency ink agreement to establish Center for Space Futures

Center to facilitate public-private discussions on space collaboration

Saudi Arabia’s ICT spending to reach $37.5 billion in 2024

According to experts, the Kingdom is the region's fastest-growing IT market

Dubai’s DMCC hosts trade roadshow in Japan to drive growth in Web3, AI and gaming

DMCC is home to 83 Japanese companies, constituting over 24 percent of Japanese firms in the country

ADGM, Hacken partner to set new benchmarks for blockchain security and compliance

The agreement seeks to develop security standards and on-chain monitoring solutions within ADGM's DLT Foundations framework

Samsung and Google to team up for next-level AI

Samsung seeks to integrate Google's second-gen Gemini Nano AI into Galaxy S25 smartphones

Egypt, Italy to establish AI hub in Cairo to serve Africa

Egypt's strategic location positions it as a key partner in AI development in Africa

Abu Dhabi’s ADQ, Oman Investment Authority launch $180 million technology-focused fund

Jasoor Fund propels digital transformation and technological advancement across the region