Daily Archives: July 11, 2024

Technologies

Core42 and AIREV Announce Launch of On Demand AI Operating System

Collaboration redefines AI accessibility through a decentralized approach that enables seamless integration for enterprises and AI developers.

DUBAI – JULY 11, 2024 – Core42, a G42 Company and leading provider of sovereign cloud, AI infrastructure and services, and AIREV today announced the launch of the OnDemand AI Operating System (AIOS). The collaboration marks a major milestone in the regional AI landscape and is the first significant joint effort since their partnership announcement in February this year.

OnDemand, developed by AIREV and built on Core42’s foundational infrastructure, is a decentralized AI operating system designed to facilitate seamless AI deployment. It offers developers, engineers, enterprises, and startups a robust platform to build, deploy, and manage their AI applications with ease.

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Technologies

Gartner Says Worldwide PC Shipments Increased 1.9% in Second Quarter of 2024

PC Market Grew for Three Consecutive Quarters Based on Year-On-Year Growth

Mikako Kitagawa

DUBAI, UAE, July 11, 2024 — Worldwide PC shipments totaled 60.6 million units in the second quarter of 2024, a 1.9% increase from the second quarter of 2023, according to preliminary results by Gartner, Inc. This marks three consecutive quarters of year-over-year growth for the PC market.

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Business & Investments

Presight Awarded Nine ISO Certifications, Strengthening Commitment to Excellence

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Abu Dhabi, United Arab Emirates, July 11, 2024: Presight, the region’s leading big data analytics company powered by Generative AI, today announced the attainment of nine ISO certifications, marking a significant milestone in the company’s journey since its listing on the Abu Dhabi Securities Exchange (ADX) in 2023.

These certifications encompass various aspects of organizational management, including corporate governance, risk management, quality, health and safety, environment, information security, privacy information, and business continuity management systems. Achieving ISO certification signifies Presight’s unwavering commitment to excellence, efficiency, and stakeholder satisfaction while fostering a culture of continuous improvement and sustainability.

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Shopping & Promotions

ENJOY SPECTACULAR SUMMER SAVINGS WITH THE EXCLUSIVE DSS ENTERTAINER

Over 7,000 buy-one-get-one free offers across top hotels, restaurants, and attractions promise a summer of maximum value this DSS

Everyone can enjoy a summer of endless sunshine, refreshing pools, and family fun starting at just AED 195

Dubai, United Arab Emirates, 11 July 2024: Dubai residents and visitors have more ways than ever to save big throughout Dubai Summer Surprises (DSS) 2024 thanks to a thrilling exclusive package with leading membership lifestyle rewards platform The Entertainer. Maximum value is up for grabs this summer across thousands of things to do, see, experience, and explore with the exclusive DSS Entertainer, which unlocks over 7,000 buy-one-get-one-free (BOGOF) offers across a superb selection of the best dining, attractions, water parks, beauty, and fitness experiences across Dubai. Everyone across the city can enjoy estimated savings of thousands of Dirhams at leading leisure facilities and kids attractions, with savings increasing as more offers are explored.

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Business & Investments

Green investment in GCC could unlock up to US$2 trillion in GDP contribution by 2030, experts say at DSIG Conference

Experts at the first Dubai Stockbrokers and Investment Services Group (DSIG) conference urged GCC governments to continue opening up and strengthening the region’s capital markets by removing constraints for green finance

Date: Dubai, UAE; July 11, 2024

News Highlights:

  1. Investment in green projects coupled with sustainable finance could help the GCC countries to unlock up to US$2 trillion (Dh7.3 trillion) in GDP contribution by 2030;
  2. Increasing recycling rates in the GCC to an achievable 40 percent would create about 50,000 new jobs to support a US$6 billion market;
  3. Globally, an estimated investment of US$4.2 trillion per annum is required to meet the UN Sustainable Development Goals (SDGs). This looks achievable because the total financial assets industry is at US$379 trillion.
  4. By End-2022, the global investments in sustainable assets touched US$30.3 trillion with non-US markets showing 20 percent growth in assets.

Investment in green projects coupled with sustainable finance could help the GCC countries to unlock up to US$2 trillion (Dh7.3 trillion) in GDP contribution by 2030, if investment opportunities are tapped across key industries, according to a recent report by Strategy& that recommends the GCC governments to open up the region’s capital markets to help accelerate investment in sustainable projects.

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