Passenger-carrying drones: Miracle in the making in Abu Dhabi
The Technology Express » Fintech
by David Wilson
5h ago
With a game-changing start to the Abu Dhabi Mobility Week, the trails for the first passenger-carrying drones were conducted by Abu Dhabi Mobility. Multi Level Group (MLG) has partnered with Abu Dhabi Mobility for this project. This feat aligns with the vision of Abu Dhabi as a pioneer in the field of smart transportation. Furthermore, it consolidates its position as a market, friendly and fostering innovation in the smart mobility sector. MLG is a UAE-based company specializing in automation and digital transformation. These trials of a small-sized drone capable of carrying two passengers for ..read more
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MIT DesignX Dubai: Triumph in Transforming Urban Cities to Life
The Technology Express » Fintech
by David Wilson
5h ago
Dubai, a beacon of progress and ambition, is spearheading a revolution in urban living through innovation. At the forefront of this transformation stands the MIT DesignX Dubai (MDXB) program. A dynamic collaboration between MIT and key stakeholders in the Middle East and North Africa (MENA) region. Launched in November 2023, MIT DesignX Dubai represents a convergence of visionary ideas and practical solutions to address the challenges of urbanisation. With a keen focus on sustainability and innovation, the program attracted over 100 applications. Aspiring entrepreneurs from across the MENA reg ..read more
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ADNOC and G42 to IPO joint venture AIQ, unleashing AI potential
The Technology Express » Fintech
by David Wilson
10M ago
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi-based artificial intelligence firm G42 are engaged in early-stage talks regarding the potential initial public offering (IPO) of their joint venture technology company AIQ, according to sources familiar with the matter. AIQ, which is majority-owned by ADNOC with a 60% stake and G42 with a 40% stake, specializes in leveraging artificial intelligence and machine learning to optimize processes, enhance planning, and drive profitability in the oil and gas industry. The discussions suggest that ADNOC and G42 are considering launching the IPO for ..read more
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AI’s pivotal role in biotech ignites investor interest
The Technology Express » Fintech
by David Wilson
10M ago
The biotechnology sector is experiencing a surge of interest as artificial intelligence (AI) increasingly plays a vital role in supporting drug discovery. AI’s ability to accelerate drug development, reduce costs, and improve outcomes has attracted investors, with predictions that it could lead to the creation of 50 novel drugs worth over $50 billion in sales within a decade. AI’s potential in the field is evident, with notable examples including the rapid development of COVID-19 mRNA vaccines aided by AI algorithms in designing synthetic mRNA and automating quality control processes. In breas ..read more
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Hub71 unveils startups for drug-free treatment and job matching in UAE
The Technology Express » Fintech
by David Wilson
10M ago
Hub71, Abu Dhabi’s renowned global tech ecosystem, has announced the introduction of its first cohort of startups for 2023. This cohort features 15 diverse and innovative companies operating in priority sectors such as HealthTech, FinTech, and EdTech. The selection process was highly competitive, with Hub71 witnessing a remarkable 70% increase in applications compared to the previous cohort. An impressive 67% of the selected startups are based outside the UAE, highlighting the growing international appeal of Abu Dhabi as a robust startup innovation hub. The city offers tech entrepreneurs acces ..read more
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Google fortifies cybersecurity: $20 million donation fuels creation of clinics
The Technology Express » Fintech
by David Wilson
10M ago
Google’s philanthropic arm, Google.org, has pledged a $20 million donation to support the establishment and expansion of cybersecurity clinics. These clinics, inspired by the concept of free medical and legal aid clinics, aim to provide practical cybersecurity assistance while educating college students about potential careers in the field. The initiative, known as the Consortium of Cybersecurity Clinics, will enable students and instructors to contribute to their communities by helping defend small government offices, rural hospitals, and nonprofits from hacking incidents. Google’s CEO, Sunda ..read more
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How to prevent your phone from overheating in the hot summer
The Technology Express » Fintech
by David Wilson
10M ago
Avoiding an overheating phone is crucial due to its potential consequences, such as compromising device performance, damaging the battery, and even causing permanent harm to the phone and nearby objects. With the summer months approaching and increased outdoor activities, the likelihood of your phone becoming excessively hot becomes higher. Just as you take care of yourself in hot weather, it’s important to extend that care to your smartphone. To prevent overheating and cool down your device when necessary, be mindful of specific situations and employ some useful techniques. Recognizing when y ..read more
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SpaceX’s tender offer soars, valuing the company at a staggering $150 billion
The Technology Express » Fintech
by David Wilson
10M ago
According to sources familiar with the matter, Elon Musk’s aerospace company SpaceX is initiating a tender offer to sell insider shares at a price that would elevate the company’s valuation to around $150 billion. The tender offer is expected to start at $750 million, and the shares are being offered at a price exceeding $80 per share. This valuation represents an increase from the reported $137 billion valuation in January when SpaceX raised $750 million from investors. As of now, SpaceX holds approximately $5 billion in cash on its balance sheet. Headquartered in Hawthorne, California, Space ..read more
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UAE researchers harness drones for cloud-seeding success
The Technology Express » Fintech
by David Wilson
10M ago
In a groundbreaking scientific study, researchers in the UAE have demonstrated the efficacy of using drone technology to enhance cloud-seeding operations. The study, conducted by the UAE Research Programme for Rain Enhancement Science (UAEREP) under the National Centre of Meteorology (NCM), showcased the potential of unmanned aircraft systems (UAS) in improving the precision and efficiency of cloud seeding. Led by Prof. Eric Frew from the University of Colorado, Boulder, the research team employed an engineering approach utilizing autonomous UAS technology to identify optimal regions for preci ..read more
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Apple’s Vision Pro headset gets a boost with dedicated developer labs
The Technology Express » Fintech
by David Wilson
10M ago
In July, Apple will open test labs in six major cities worldwide to facilitate the development of apps for its upcoming mixed-reality headset, the Vision Pro. The labs will be located in Cupertino, London, Munich, Shanghai, Singapore, and Tokyo. Developers will have the opportunity to test their applications on Vision Pro hardware and the visionOS software, gaining firsthand experience and optimizing their creations. Apple aims to support development teams by providing access to Apple engineers who can offer guidance and assistance throughout the app creation process. Developers can also apply ..read more
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