[ad_1] Microsoft has made significant progress in the field of artificial intelligence (AI) by investing US$1.5 billion in Group 42 (G42), a top artificial intelligence company based in Abu Dhabi, United Arab Emirates. This financial measure aims to promote modern technological progress and shape the future of cooperation between the two giants.Focusing on the ever-expanding scope of artificial intelligence, Microsoft’s investment aims to merge its cutting-edge artificial intelligence technology and skills development programs with G42’s capabilities. Both organizations see this partnership as a catalyst and one that promises to revolutionize the artificial intelligence landscape in the UAE and globally.Microsoft President…
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[ad_1] Manama, Kingdom of Bahrain: The National Bank of Bahrain has signed an agreement to become StartUp Bahrain’s latest strategic partner. The National Bank of Bahrain (NBB) aims to strengthen and guide the financial sector to support the growth and development of the startup ecosystem, startups and stakeholders, in line with the #TeamBahrain vision. The strategic partnership was announced and signed at NBB’s Manama headquarters. The announcement was made in the presence of representatives from the National Bank of Bahrain (NBB) and StartUp Bahrain stakeholders. Commenting on the event, Arif Janahi, Head of Commercial and SME at NBB said: “As…
[ad_1] Energy, food security and defense are likely to be key areas when Prime Minister Narendra Modi arrives in Abu Dhabi on Saturday for a one-day visit to the UAE. Post-agreement review of progress on the trade agreement. However, from a larger perspective, they are only highlights of an expanded bilateral engagement that has also taken on a multilateral dimension. Sunjay Sudhir, India’s ambassador to the UAE, said: “The beauty of this relationship is that our leaders have been in very regular contact, even during the COVID-19 pandemic, and they are meeting virtually. ” He pointed out that the historic…
[ad_1] topline Microsoft announced on Tuesday that it will invest $1.5 billion in G42, a leading artificial intelligence company in the United Arab Emirates, the latest high-profile investment by the tech giant in the field and a sign of growing ties between Washington and Abu Dhabi. The United States is trying to stay ahead of China in the field of artificial intelligence. Microsoft has signed an agreement with Emirati artificial intelligence company G42. G42 main facts G42, a technology holding company and a giant in artificial intelligence, forms an important part of the UAE’s plan to become a world leader…
[ad_1] In a world where global fintech investment faces challenges, the Middle East and Africa (MEA) region is a beacon of resilience and innovation.National Digital Talent Incubator (NDTI), by emirates national bank and supported by partners such as Dubai International Financial Center Innovation Center, visa, Microsoftand Dell TechnologiesHas proven to be an important catalyst for growth, providing new startups with the tools and connections they need to thrive in this dynamic environmentFour different fintech companies have made significant progress in their development journey under the 2023 NDTI programme. Under the guidance of Emirates NBD and its partners, these startups not…
Manuel Manzoni, a visionary entrepreneur with a diverse portfolio spanning industries like Oil and Gas, Power Generation, Additive Manufacturing, and High Luxury Real Estate in Dubai and the Middle East, and Marco Scardeoni, an expert in international taxation consultancy with over 30 years of experience, have joined forces to establish GCC Advisors. This collaboration aims to revolutionize the approach to internationalization for Italian and EU companies seeking to expand into foreign markets. GCC Advisors, an Italian company headquartered in Desenzano del Garda, Milan, and Dubai, specializes in providing comprehensive support to businesses navigating the complexities of global expansion. With a…
[ad_1] The opinions expressed by Entrepreneur contributors are their own. You are reading Entrepreneur Middle East, the international franchise publication of Entrepreneur Media. Do you like cats but can’t get one? Ailuromania Cafe is the first cat cafe in the UAE to satisfy your cat lover. Saudi Arabian-born sisters Iman, 23, and Alla Ahmed Bin Farid Al Aulaqi, 25, are bringing the cat cafe trend to life Introduced in Dubai. This business model of fully operational cafes with cats is already performing well in global cities such as Taipei, Tokyo, parts of South Korea, London and New York.The Orage sisters…
[ad_1] Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) will highlight a range of artificial intelligence innovations at the World Future Energy Summit (WFES) at the Abu Dhabi National Exhibition Center (Adnec), running until April 18th. In addition to delivering keynote speeches and participating in panel discussions, participating MBZUAI faculty will present three major areas of sustainability research currently being researched at the university, including smart grids, malaria control, and new innovations in urban heat island detection and mitigation. At its booth in the WFES Innovation Zone (Hall 5 – Booth 5250), MBZUAI will deploy an interactive research portal and…
[ad_1] UAE-based fintech Fundbot has raised a $1.5 million seed round led by Hambro Perks Oryx Fund, with further support from Aditum Investment Management Limited, Flat6Labs, Middle East Venture Partners (MEVP) and PlusVC. Founded in 2020 by Karl Abou Zeid, Fundbot automates business loans and payments between banks, buyers, and sellers. The new funding will fuel the company’s expansion plans across the Middle East and North Africa region, starting with the United Arab Emirates and Saudi Arabia and later into Oman, Bahrain and Egypt. Press release: Fundbot, a fintech startup automating business lending and payments between banks, buyers…
[ad_1] More than 100 self-made Bangladeshi women entrepreneurs and 1,000 women professionals are currently contributing to the UAE economy, a senior official said. They are active in real estate, restaurants, clothing, trade, jewelry, groceries, typing services, etc. Sources said that out of the 750,000 active businesses in the UAE, non-resident Bangladeshis (NRBs) own and manage more than 100,000 businesses. Although the number of female entrepreneurs in Bangladesh is quite small compared to the total number of businesses owned by NRB entrepreneurs, their number is growing as more women are starting businesses in the UAE. Many Bangladeshi housewives also use online…