artificial intelligence

UAE’s e& enterprise acquires Türkiye-based managed cloud provider GlassHouse

With this acquisition, e& enterprise aims to strengthen its capabilities, add vertical expertise, and expand into high-growth markets

Dubai Future Foundation, Meta launch incubator program powered by LLAMA 3

Business incubator program seeks to inspire development of impactful AI use cases that leverage Meta’s open-source AI stack

The rise of AI in finance: 82 percent of CFOs praise its efficiency, but 68 percent fear its threat

24 percent of CFOs credited Ai with improving the accuracy of financial forecasting

Dubai’s du partners with Oracle Alloy to offer hyperscale cloud and sovereign AI services in the UAE

Through Oracle Alloy, du will offer over 100 OCI services, plus its own cloud services and apps

ADNOC awards $5.5 billion contract for Ruwais LNG plant

Project to more than double ADNOC’s existing UAE LNG production capacity to around 15mmtpa

MENA IT spending to grow 5.2 percent in 2024 to $193.7 billion: Report

Spending on data center systems to decline by 0.3 percent in 2024

Apple shares rise 7.26 percent to record high following AI features release

Apple's market capitalization reached $3.18 trillion, making it world's second most valuable company again

AI Retreat 2024: Sheikh Hamdan plans to double AI’s positive impact to drive economic growth, improve quality of life in Dubai

H.H. said the retreat will serve as an annual platform to examine the transformative impact of AI across all sectors

Sheikh Hamdan appoints 22 Chief AI Officers across government entities in Dubai

The accelerated adoption of AI, alongside the development of its tools and applications, represents a cornerstone of the vision of Sheikh Mohammed

Consumer brands see a massive increase in CTR by personalizing website experiences

Behavior-based insights and purposeful personalization boost conversion rates, yielding higher brand revenues

AI to add $15 trillion to the global economy, says Dubai’s flagship free zone DMCC

Generative AI and the surge in e-commerce and digital services trade will drive global trade resilience

Worldwide AI chips revenue to grow 33 percent to $71 billion in 2024: Report

The value of AI accelerators used in servers is expected to increase to $33 billion by 2028