The recent collaboration between Mastercard, the UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office, and First Abu Dhabi Bank (FAB) marks a significant stride in elevating the UAE’s AI landscape. This partnership aims to bolster the nation’s artificial intelligence capabilities through a pioneering AI challenge, aligning with the UAE’s ‘Strategy for Artificial Intelligence’ that was introduced in 2017.
The complexities of rolling out a new payroll system cannot be overstated. In a time when technology is advancing quickly, businesses must prioritize payroll accuracy for the good of their employees. Earlier this year, Asda decided to upgrade its software and roll out a new payroll system. This seems logical, and many businesses are striving to do the same to
In an era marked by unprecedented technological advancements, Skild AI has emerged as a trailblazer in the robotics industry, securing an impressive $300 million during its Series A funding round. Leading this substantial investment are notable players like Lightspeed Venture Partners, Coatue, and SoftBank Group, with Jeff Bezos himself contributing through his fund, Bezos Expeditions. Other significant contributors to this
In today’s rapidly evolving regulatory landscape, businesses face heightened scrutiny and complex verification processes to ensure compliance and mitigate risks. Know Your Business (KYB) procedures have become crucial for safeguarding business integrity and enhancing trust. Recognizing these challenges, GBG and Detected have joined forces to develop GBG Detected, an advanced end-to-end KYB solution tailored to address inefficiencies and streamline processes
The concept of a four-day work week has rapidly gained traction, particularly in the aftermath of the COVID-19 pandemic, which reshaped traditional work paradigms. Companies and governments worldwide are re-evaluating work structures, questioning whether the long-established five-day work week remains the best model for modern workplaces. This article delves into the burgeoning interest in shorter work weeks, specifically focusing on
Artificial intelligence (AI) startups have witnessed a remarkable surge in investments, with Crunchbase data revealing a staggering $24 billion in funding during the second quarter of 2024. This marks an extraordinary achievement, more than doubling the investment figures from the first quarter. The trend highlights an escalating enthusiasm for AI’s possibilities, positioning it as the leading sector in startup investments.
Dezerv, an emergent player in India’s WealthTech landscape, has garnered significant attention with its recent successful funding round, raising $31.7 million (INR 265 Crores). This influx of capital, led by Premji Invest and supported by previous backers like Elevation Capital, Matrix Partners India, and Accel, is aimed at propelling the company’s strategic growth initiatives. The achievement underscores not only Dezerv’s
In an era where artificial intelligence (AI) integrates deeper into enterprise functions, Hebbia, a New York-based startup, has emerged as a frontrunner. Founded in 2020, Hebbia focuses on transforming information retrieval by leveraging large language models (LLMs). The company recently secured $130 million in Series B funding from prominent investors, including Andreessen Horowitz and Google’s venture capital arm. This substantial
Artificial Intelligence (AI) promises transformative benefits for the financial services sector, including cost reduction and efficiency gains. Despite its potential, adoption of AI in finance has been slow and tentative. Various factors contribute to this reluctance, such as stringent regulatory requirements, fears of job displacement, and a significant misunderstanding of AI’s role as a productivity tool. Although AI could revolutionize
Nigeria’s micro, small, and medium enterprises (MSMEs) are the backbone of its economy, responsible for 60% of the country’s employment. Despite this critical role, these businesses face immense difficulties accessing formal credit. This inadequacy drives many MSMEs to informal lending systems, which thrive on trust and social capital. Digital lenders aiming to bridge this financing gap could benefit from emulating
In a remarkable financial turnaround, Samsung Electronics has announced its highest operating profit since the third quarter of 2022, highlighting a substantial rebound. The company posted a remarkable operating profit of 10.4 trillion South Korean won ($7.55 billion) for the second quarter of 2024. This achievement marks a significant sequential improvement in earnings over the past five quarters, starting from
Claro has made significant strides in the advancement of wireless communication technology by successfully testing 5G-Advanced (5G-A) technology in Brasilia. Partnering with Huawei, the telecommunications giant achieved unprecedented data transmission speeds exceeding 10 Gbps. The trial was a technological feat, utilizing commercially active 5G antennas along with advanced mobile internet modems. Combining 800 MHz of millimeter wave frequencies with existing
