Author: Ashik Ahmed

Global investment in artificial intelligence (AI) infrastructure remains robust as data sovereignty laws become increasingly intricate, a new report by G42 in partnership with the POLITICO Research and Analysis team found. The report, titled “Sovereign AI Ecosystems: Citing the very informative paper titled “Challenges in Implementing AI Solutions: Current State, Roadmap, and Guidelines- A AI Global Infrastructure and Data Governance Perspective,” it notes the increasing number of investments since new infrastructure is developed to meet the application demands associated with economic and security challenges across the world. At the end of 2023 AI investment increased to $843 billion and data…

Recently the UAE has been ranked as one of the world’s most advanced economies in cybersecurity and ranked in the tier one level in Global Cybersecurity Index 2024. This index is launched by International Telecommunication Union (ITU) and measure the countries according to their intactness to protect the cyberspace. Thus, the UAE has managed to take one of the leading positions among 46 countries, including other countries of the Gulf region and the leading world powers, including the USA, Great Britain, and Germany, owing to active actions to counter existing cyber threats. Comprehensive Cybersecurity Approach The Global Cybersecurity Index assessed…

The first event of the Dubai AI &  Web3 Festival has ended with success, having received more than 6,800 visitors from over 100 countries under the instructions of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. Co-hosted by Dubai’s AI Campus together with the DIFC and the UAE’s Minister of State for AI, the event presented AI and Web3 business use-cases. Over 100 exhibitors participated in the two-day event will see the participation of government agency heads, SME owners and managers, academics, employees and job seekers of industries of the future. CEO of DIFC…

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.…