Daily Archives: August 5, 2024

Technologies

G42 launches JAIS 70B and 20 other AI Models to Champion Arabic Natural Language Processing

  • Developed by Inception, a G42 company, this extensive suite of AI models sets a new benchmark in Arabic text processing and reasoning to empower the next generation of AI solutions. 
  • 20 models of different sizes, from 590M to 70B parameters, become available in the largest release of the JAIS family of AI tools.

ABU DHABI – August 5, 2024 – The latest JAIS large language model (LLM), JAIS 70B, was released today by Inception, a G42 company specializing in the development of advanced AI models and applications, all provided as a service. A 70 billion parameter model, JAIS 70B is built for developers of Arabic-based natural-language processing (NLP) solutions and promises to accelerate the integration of Generative AI services across various industries, enhancing capabilities in areas such as customer service, content creation, and data analysis.  

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Business & Investments

PwC Middle East survey highlights gap between companies’ ESG initiatives and employee priorities

  • 92% of employees in the Middle East are more likely to stay with their employers if total rewards were enhanced, compared to 77% of respondents who were likely to stay if overall ESG practices were enhanced.
  • Understanding employee sentiments and designing a personalised approach can foster a sense of inclusion, empowering them to actively contribute to achieving sustainability goals.

Dubai, United Arab Emirates – 05 August 2024 – The Middle East findings of PwC’s first global workforce ESG preferences study 2024 reveal a significant disconnect between companies’ focus on Environmental, Social, and Governance (ESG) initiatives and the actual priorities of employees in the region. The study shows that while businesses are prioritising sustainability, employees are more focused on personal benefits, such as fair pay and career advancement.

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Shopping & Promotions

Union Coop Launches 9 Promotional Campaigns for August with Discounts Up to 60%

Dubai, UAE:

Dr. Suhail Al Bastaki, Chief Community Relations Officer at Union Coop, confirmed that the cooperative continues to launch its promotional campaigns across all its branches and centers throughout Dubai year-round. This is part of a marketing plan designed to meet the daily needs of consumers and shoppers.

He noted that Union Coop has allocated 9 promotional campaigns for the current month of August, offering discounts of up to 60% on hundreds of food, non-food, and essential consumer items, as well as electronics. This initiative aims to provide competitive prices and a wide range of purchasing options for all essential and frequently consumed products.

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Shopping & Promotions

BACK TO SCHOOL GETS MORE EXCITING WITH BRAND-NEW DSS SHOPPING DEALS AND DRAWS

Parents can get a head start on back-to-school shopping sprees for the little ones thanks to phenomenal new retail promotions starting today, 5 August

Plus exciting raffles bring people in the city thrilling chances to win thousands of dirhams to make the return to school even more memorable

© Copyright Katarina Premfors 2017

Dubai, United Arab Emirates, 5August 2024: While summer holidays are in full swing, it’s never too early for students, parents, and teachers to get a head-start on school preparations for the new academic year. Starting today, 5 August, Dubai Summer Surprises (DSS) 2024 is launching brilliant Back to School offers at leading brands across the city to help everyone get organised without breaking the bank.

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Real Estate

Biggest Plot in Business Bay Just Sold through Driven Properties

Dubai, United Arab Emirates, August 1, 2024: Driven Properties, Dubai’s renowned real estate brokerage, announces its successful facilitation of the sale of the largest plot in Business Bay. The sale marks a significant milestone for the area, paving the way for a new, sustainable office park.

The premium office park by Lamar Development will serve as a welcome addition to the area, addressing the critical shortage of Grade A office spaces in Business Bay and the city at large. With neighbouring off-plan office developments seeing prices that exceed AED 7,000 per square foot, the sale solidifies Driven Properties’ position as a trusted provider, even in the face of short supply. This investment on the canal strip puts the Gross Development Value for Lamar’s existing and upcoming developments across the canal to over AED 12 billion.

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