Monthly Archives: August 2024

Business & Investments

Exploring Strategic Opportunities in AI Compute and Data Infrastructure with Ombori

With the rise of Large Language Models (LLMs) and their increasing shift toward open-source, the traditional competitive edge is evolving. This shift raises critical questions about the future valuations of companies in this space, especially as reliance on Nvidia for compute power is being challenged by innovations in custom chip design.

Many leading companies like Tesla, Google, and Microsoft are now developing their own chips to reduce dependency on Nvidia, and interestingly, startups and independent developers are also building clusters on Apple Silicon, which offers a superior cost-performance ratio for AI computing tasks.

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Technologies

Hybrid apps and AI drive sevenfold increase in organizations’ digital maturity levels

F5’s 2024 Digital Enterprise Maturity Index finds that more than a quarter of organizations are now classed as digitally mature

Digital “doers” characterized by a commitment to hybrid applications, automated systems and data observability

By contrast, the least digitally mature “dawdlers” have low levels of automation, limited plans for observability and less confidence in their ability to withstand threats

Lori MacVittie - F5

Dubai, UAE, AUGUST 12, 2024 –Digital transformation has accelerated markedly over the last year, with a sevenfold increase in organizations ranked at the highest level of digital maturity, new research from F5 shows.

For F5’s second Digital Enterprise Maturity Index (DEMI)report1, 713 responses from the 2024 State of Application Strategy Reportwere assessed against a set of six core technical capabilities2: infrastructure, app delivery, data, Site Reliability Engineering (SRE) operations, observability and automation, and security.

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Automibiles & Motoring, Business & Investments

Elite Group Holding and SOUEAST Motor Propel Forward into UAE’s Booming Market Segment with Strategic Partnership

This introduction underscores the UAE as pivotal in SOUEAST Motor’s strategic expansion plan

Dubai, UAE – 12 August 2024 – Elite Group Holding Ltd. and SOUEAST Motor marked an important milestone in their collaborative journey by signing a strategic partnership agreement. This significant partnership formalised on August 7 at the prestigious Bvlgari Yacht Club, celebrated a remarkable milestone for the group and the automotive brand.

SOUEAST Motor’s entry into the UAE with Elite Group Holding is set to introduce a new standard of premium mobility solutions with its “EASE YOUR LIFE” proposition, which prioritises stylish design, comfortable driving, and advanced technology. Featuring the latest powertrains and new energy technology, the vehicles boast high power, an intelligent chassis, and a versatile interior cockpit for superior comfort and adaptability.

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Featured

Kareena Kapoor Khan, actress, philanthropist, UNICEF India’s Celebrity Advocate graces the 9th edition of Jewellers for Hope, charity fund raiser, organized by GJEPC

GJEPC has helped raise funds for 14 NGOs over the last 8 years, positively impacting numerous lives

National, 12th August 2024:  The Gem & Jewellery Export Promotion Council (GJEPC) proudly hosted the 9th edition of its esteemed charity dinner, ‘Jewellers for Hope,’ at a glittering event attended by industry leaders and philanthropists. Backed by Associate Partners – De Beers and World Gold Council; and powered by GIA; the ‘Jewellers for Hope’ charity event once again garnered overwhelming support from Jewellers, Diamond Exporters, retailers, and global associations.  Since its inception in 2014, Jewellers for Hope has contributed crores of rupees to 14 NGOs, leaving a lasting impact on countless lives.

The proceeds of the charity dinner were donated to two NGOs – MIAM, Miam Charitable Trust is committed to the social upliftment of tribal, rural, and urban populations across India; and the Gem & Jewellery National Relief Foundation (GJNRF) to coordinate social interventions, particularly during major crises. 

Kareena Kapoor Khan, the stunning and inspiring actress, philanthropist and UNICEF India’s Celebrity Advocate graced GJEPC’s Jewellers for Hope event this year.

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Technologies

Salesforce Analysis Finds Businesses Are Excitedly Pursuing AI – But Worry About Trust, Data, and Ethics

Clara Shih - Salesforce

UAE, 9 August 2024 – Nearly half of customer service teams, over two-fifths of salespeople, and a third of marketers say they’ve fully implemented artificial intelligence (AI) to augment their work. Yet 77% of business leaders cite nagging issues around trusted data and ethics that could grind their deployments to a halt, according to Salesforce research. 

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