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Technology

Historic EU decision sets precedent for global AI regulation

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In a landmark move, the European Union’s parliament has greenlit the world’s pioneering comprehensive regulatory framework to govern the burgeoning realm of artificial intelligence (AI). This groundbreaking legislation, known as the EU AI Act, sets forth a nuanced categorization of AI technologies based on their associated risks, ranging from ‘unacceptable,’ warranting a ban,......
Business

Bitcoin ETFs surge to record high with $1 billion inflows in a day

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In a monumental surge, spot bitcoin Exchange-Traded Funds (ETFs) in the United States experienced unprecedented inflows exceeding $1 billion in a single day, marking another milestone in the burgeoning cryptocurrency market. The data, sourced from BitMEX Research, underscores the escalating investor interest in bitcoin-related financial products. This surge in inflows signifies a significant shift......
Business

Nouran Living – Aldar’s eco-friendly oasis in Saadiyat

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Aldar Properties, a prominent real estate developer, has unveiled its inaugural residential project, Nouran Living, located in the bustling Marina District of Saadiyat Island. The announcement, made on Wednesday, signals Aldar’s dedication to enhancing the island’s residential and leisure offerings. Scheduled to commence construction in the fourth quarter of 2024, Nouran......
PR Newswire

Cerebras and G42 Break Ground on Condor Galaxy 3, an 8 exaFLOPs AI Supercomputer

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Featuring 64 Cerebras CS-3 Systems, Condor Galaxy 3 Doubles Performance at Same Power and Cost SUNNYVALE, Calif., March 13, 2024 /PRNewswire/ — Cerebras Systems, the pioneer in accelerating generative AI, and G42, the Abu Dhabi-based leading technology holding group, today announced the build of Condor Galaxy 3 (CG-3), the third cluster......
Business

Gold prices surge to record highs, caution urged

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Gold prices have surged to record highs above $2,200 per ounce, sparking interest among investors. However, experts caution against chasing the market at its current levels, advising patience for potential corrections. Carley Garner, co-founder of DeCarley Trading, suggests that investors may have another opportunity to capitalize on gold’s momentum as it......
PR Newswire

Adamastor is the premium engineering centre where the first Portuguese supercar is being developed

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Production of high-quality carbon fibre components at the core of the business PORTO, Portugal, March 13, 2024 /PRNewswire/ — From its facilities in Perafita, on the outskirts of Porto, Adamastor is currently working on the development of the first Portuguese supercar. But the highly specialised team working in the areas of......
Technology

UG Labs raises $7m to revolutionize kids’ gaming with AI

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UG Labs, has successfully raised $7 million in funding to revolutionize children’s gaming experiences with conversational AI and voice interactivity. The funding round was led by Amiti Venture and MoreVC, with additional participation from Mediatek and private angel investors. The company’s innovative approach to game design involves integrating voice interactivity and conversational AI into its......