Category Archives: Technologies

Business & Investments, Technologies

Bitget dominates crypto market with highest market share surge in H1- CCData Report

Global, July 17, 2024 – Bitget, the leading cryptocurrency exchange and Web3 company, has revealed in-depth insights into its growing market share as highlighted by CCData in the 2024 H2 Outlook Report. With the growing credibility and performance of centralized crypto exchanges, it’s more evident now than ever that there’s a shift in paradigm in crypto space.

CCData highlights the roles of various CEXs are changing as they take up new functions and responsibilities. Among which, Bitget has witnessed the ‘largest uptic’ in market share by 38.4% growth followed by Crypto(dot)com and Bybit at 24.6% and 22.2% respectively. While bigger players such as Coinbase, OKX and KuCoin saw declines as compared to other growing CEXs.

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Technologies

CMF Phone 1 makes record-breaking sales of 100,000 units in just 3 hours

CMF, the sub-brand of London-based technology company Nothing, recently launched CMF Phone 1, CMF Watch Pro 2 and CMF Buds Pro 2. On the first day of sales, the company hit 100,000 CMF Phone 1 units sold in just 3 hours. For context, it took 24 hours for Nothing to hit this sales figure for Phone (2a) in March 2024.

Rishi Kishor Gupta, Regional Director of Middle East & Africa at Nothing commented: “In a remarkable feat, the CMF Phone 1 has exceeded all projections by achieving sales of 100,000 units within just three hours of its launch. This unprecedented achievement highlights the exceptional qualities of the CMF Phone 1, which integrates cutting-edge technology, elegant design, and outstanding value.

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Technologies

AURAK research paper delves into how Intelligent Transportation Systems (ITS) are powering the smart traffic revolution

5G and IoT enable vehicle-to-vehicle and vehicle-to-infrastructure communication, and use Intelligent Traffic Lights and Mobility Prediction for smoother traffic flow

Ras Al Khaimah, UAE, July 16, 2024: Intelligent Transportation Systems (ITS), powered by 5G and Internet of Things (IoT), are poised to take smart traffic management to the next level, creating a safer, smoother and more sustainable traffic movement in cities across the globe, according to a paper published by a group of researchers from three Middle East universities, including the American University of Ras Al Khaimah (AURAK).

The thrust of the study is the Vehicular Adhoc Networks (VANETs) – which facilitate real-time vehicle-to-vehicle and vehicle-to-infrastructure communication– using cutting-edge technology, data analytics, and communication systems, to help improve transportation networks’ effectiveness, security, and environmental friendliness, complemented by Intelligent Traffic Lights, Virtual Traffic Lights, and Mobility Prediction.

The paper quotes studies which demonstrate that ITS-based effective traffic management systems have the potential to drastically cut travel times by as much as 25%; reduce energy consumption and emissions of greenhouse gases by around 15–20 %; and reduce the number of accidents in metropolitan areas by as much as 20 %.

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Technologies

Aiming to benefit from the expansive opportunities of artificial intelligence

Digital Dubai Launches Initiative to Enhance Data Quality, Aligning with Highest International Standards

Younus Al Nasser:

Prioritizing data quality and leveraging artificial intelligence will broaden horizons and enhance Dubai’s position as a global digital city.

Dubai, 16July 2024- In line with the increasing significance of digital data and artificial intelligence in advancing government operations , Digital Dubai has announced the launch of an initiative aimed at elevating the level of data standards in terms of quality, accessibility and governance.

H.E. Younus Al Nasser, Chief Executive, Dubai Data & Statistics Establishment

The initiative aims to establish a leading platform for exchanging experiences among government entities and learning about best practices to enhance the quality of data provided on the Dubai Pulse platform. This platform supports informed decision-making at the senior leadership levelsand within the boarder government ecosystem in the emirate.Top of FormBottom of Form

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Technologies

77% of Workers Trust an Autonomous AI Future. Humans Are Critical to Getting There

Paula_Goldman

UAE, 16 July 2024 – Today’s workers already trust AI to do almost half of their work tasks, according to new Salesforce research. While workers feel most comfortable when AI and humans work together, they are also beginning to trust AI to complete time-saving tasks autonomously, like writing code, uncovering data insights, and drafting written communications.

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