Daily Archives: September 12, 2024

Business & Investments

Boston Consulting Group Unveils Comprehensive Evaluation of Artificial General Intelligence (AGI) at Global AI Summit 2024

Riyadh, Saudi Arabia, September 12, 2024— The GAIN Summit 2024 draws to a close today and brought together a diverse group of international leaders, experts, and innovators in the AI industry. The summit aims to facilitate meaningful discussions and collaborations on the future of artificial intelligence. During the summit’s opening day, the Boston Consulting Group, an insight partner for the event, unveiled its latest white paper on Artificial General Intelligence. (AGI).

AGI The Next Frontier in AI Revolution and Its Implications

The new report, “Artificial General Intelligence: Demystifying AI’s Next Frontier,” explores AGI’s key concepts and future potential and examines how it differs from current AI technologies. The report provides an overview of AGI’s applications across industries, its technological and ethical challenges in development, and the governance frameworks necessary for its responsible implementation. It also highlights the need for stakeholder collaboration to guide AGI’s progress and ensure its benefits are realized safely and equitably.

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Technologies

Envision 2024 unites global leaders for AI-driven progress in the UAE, Oracle and Huawei announced as key sponsors

Through the collective efforts of sponsors and partners, Envision 2024 promises to be a cornerstone for knowledge exchange, inspiration, and forging a path towards technological excellence.

Dubai, UAE, 12 September 2024: du, from Emirates Integrated Telecommunications Company (EITC), in collaboration with Digital Dubai, today announced exclusive partners for Envision 2024. Under the theme “Gathering Nation’s Leaders for Progress with AI-Driven Digitalization,” Envision 2024 is set to ignite conversations and actions towards an AI-enabled future of the UAE.

Envision 2024 will explore the vast capabilities of emerging technologies with an aim to accelerate digital transformation. It will bring together leaders and decision-makers advocating for the seamless integration of advanced technologies to foster growth and sustainable development across key sectors including manufacturing, healthcare, education, smart cities, and agriculture.

Jasim Al Awadi, CICTO at du said: “As partners in the UAE’s digital journey, du is excited to host the second edition of Envision, where the nation’s leaders converge to script the next chapter in our AI-fueled transformation story. Our goal is to drive digital excellence to contribute to a sustainable and prosperous future in line with the transformative goals of the UAE government. “

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Business & Investments

Mair Group for Strategic Investments Launches Operations in Abu Dhabi

Abu Dhabi, September 12, 2024: Mair Group for Strategic Investments announced the launch of its operations in Abu Dhabi, to utilize its potential in developing businesses within key economic sectors.

Mair Group’s investment portfolio includes a number of major local institutions and companies, including the Abu Dhabi Cooperative Society, which was launched in 1980, and then expanded after its merger with Al Ain, Dalma, and Al Dhafra Cooperative Societies in 2023, based on the decision issued by the Department of Economic Development – Abu Dhabi,to enhance its role in economic and social development.

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Featured

Majid Al Futtaim Launches Aaouda Returnship Programme

  • Majid Al Futtaim’s Aaouda Programme will empower Emirati women by providing mentoring, skills workshops, and networking opportunities to pave their way back into the workforce.
  • Programme launched ahead of the Ru’Ya Careers Fair.

Dubai, UAE – September 12, 2024: Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, launched the Aaouda Returnship Programme with the aim of encouraging female UAE Nationals back into the workplace after extended career breaks.

A milestone in Majid Al Futtaim’s commitment to empowering women in the private sector, the Aaouda Returnship Programme will provide Emirati women the foundation, guidance and flexibility needed to achieve their career aspirations while maintaining their personal responsibilities. The programme aims to create career opportunities tailored to support those who would like to re-enter the workforce after an extended career break and is in line with Majid Al Futtaim’s collaboration with the UAE’s NAFIS Programme, which focuses on efforts to bring more UAE Nationals into private sector roles.  

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Technologies

Versuni Introduces Robot from Philips to Meet Surging Demand for Smart Home Solutions

In the UAE, the Smart Home market is projected to reach US$76.4m in 2024

Dub, UAE, September 2024: The global smart home market size is projected to grow from USD 121.59 billion in 2024 to USD 633.20 billion by 2032, exhibiting a CAGR of 22.9% during the forecast period. In the UAE, the Smart Home market is projected to reach US$76.4m in 2024. The revenue is expected to show an annual growth rate (CAGR 2024-2028) of 10.49%, resulting in a projected market volume of US$113.8m by 2028.

Given the surge in demand for Artificial Intelligence in everyday life, Versuni has introduced a state-of-the-art Robot from Philips that promises to revolutionize home cleaning by combining advanced technology with unparalleled convenience, saving consumers significant time and effort.

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