Author: Ashik Ahmed

AI is expected to have a monumental effect on UAE economy, where it has been estimated that it could add AED367 billion to the country’s GDP by 2030 based on the words of Abdallah Abu Al Sheikh, Founder of Astra Tech as well as CEO of Botim. It is believed that this contribution will reach up to total of 14% of the UAE’s total GDP, about $100 billion. During the first Dubai AI & Web 3 Festival, Sultan bin Saeed Al-Wakil cited UAE’s supremacy in the global artificial intelligence market. He estimated that the UAE’s AI market is capable of…

But amid all these, the innovative city of Dubai will be launching the first-ever Dubai AI & Web3 Festival on September 11-12, 2024, in the fabulous setting of Madinat Jumeirah. Sponsored by the Dubai AI Campus which is an initiative of the Dubai International Financial Centre (DIFC), the event will rally 6000 participants from across the globe with 500 investors, 100 exhibitors to deliberate on how AI and Web3 is changing the world. This event is in line with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s vision to make Dubai the leader in digital economy. It also aligns with…

As the world’s premier hybrid platform for data, analytics, and Artificial Intelligence company, Cloudera is hosting its EVOLVE24 conference in Dubai. The event which aims at inviting top professionals and customers and partners, deals with one of the most important questions regarding the application of generative AI – how to drive smart data insights, and enhance productivity. The breakout sessions and keynote speeches that will be presented in EVOLVE24 Dubai will include; Foundation breakout sessions: Modern data architecture: The value proposition of the true hybrid cloud: Zi’s vision. The AI summit will be co-hosted by IBM, Amazon web services and…

Orbital Space, a start-up based in the UAE, has signed with the China’s aggressive lunar plan to create strategic technology for the next mission to the Moon. This mission will help China in achieving its International Lunar Research Station program of construction of a lunar base in the next decade. The deal, which was inked between Orbital Space, and China’s Deep Space Exploration Lab, was unveiled at the International Deep Space Exploration Conference that was held in China. This one is going to entail the options of developing payloads and lunar exploration technologies with future launches envisioned as part of…

Private equity firm Blackstone Group, along with its Canadian counterpart CPP Investments, is in the process of finalizing loan of a great amount equivalent of A$5. 5 billion(approx $3. 7 billion) to fund the acquisition of AirTrunk which is Asia Pacific’s largest hyperscale data center company founded by Robin Khuda. The deal, worth A$24bn, forms a continued strategy of Blackstone to ramp up operations in the Asia region especially in domains that are fundamentally powered by artificial intelligence and escalating demand for capacity. Authors of the article have established that K-ratings the package contains of A$ 2 billion term loan…

AirTrunk, the largest data center firm which was established by Bangladeshi-Australian – Robin Khuda (born: 1980) has been sold in what can be regarded as the biggest deal of USD 16. 1 billion (AUD 23 billion). This deal spearheaded by the Blackstone, an American based patron of alternative investment and Canada Pension Plan Investment Board (CPP Investments), is the largest buyout deal in Australia this year as well as one of the biggest in recent past. Khuda was born in Bangladesh and later moved into Sydney. The latest deal will involve Blackstone and CPP Investments buyout of AirTrunk from both…

To serving the amnesty seeking Bangladeshi nationals in Al Awir, consular general of Bangladesh to Dubai has opened a help desk. On 05th September 2024 Consul General BM Jamal Hossain and other officials of the Consulate met with the authorities at Al Awir immigration centre to assess the services being offered to the people seeking help under the amnesty program being implemented by the UAE. While in Dubai, Hossain called on Lt. Gen. Mohammad Ahmed Al Marri, Director General of the General Directorate of Residency and Foreign Affairs (GDRFA) and thanked him for the unending services towards the expatriate Bangladeshies.…

In the latest list published in this year’s TIMES 100 AI, TIME magazine presents major movers of the AI systems. This year’s list captures the growth of AI at a very dynamic pace; currently, 91 new companies entered the list, varying by industries and regions. Starting from Francesca Mani who at the age of 15 became the deepfake protection advocate and ending with one of China’s most famous computer scientists – Andrew Yao – the list catalyzes a vast spectrum of inventors. The process was done by the editors and correspondent of TIME with interviews and consultation with members included…

The competition in the artificial intelligence field is getting stiffer as two tech giants, OpenAI and Meta reveal increased performances in their AI tools. Active monthly users of the OpenAI’s chatbot it developed and deploying under the name ChatGPT have also risen to 200 million, up from November figures. In an earlier interview with the company’s CEO, Sam Altman noted that 92 percent of Fortune 500 firms are now clients of the company. Similarly, this brings a sharp increase in adoption to help offset blasted concerns by pundits concerning slow revenue business from the AI technologies as they are highly…

Given that AI technology is creeping into our everyday digital lives, Meta’s unveiling of Meta AI on Instagram and other interfaces raises extensive privacy issues. Meta AI which was released in April this year is comprised of intelligent search, image generation and complex task management. However, this has raised concern over users’ personal data being used to develop Artificial Intelligence models. Since July 2024, Meta AI has been launched across 22 countries on Instagram, facebook, WhatsApp and messenger. Some features, such as AI studio and Ray-Ban Meta Smart Glasses integration, are still in the experimental stage, nonetheless, Meta’s intentions to…