Technology

Abu Dhabi / WAM International Holding Company (IHC) is scaling up its information technology businesses, as part of its long-term strategy to grow its capacity in the tech industry across different sectors. Accelerating the growth of its tech businesses portfolio, IHC has increased its technology deals by 100% compared to last year, crossing AED1 billion in the first 10 months. ...

Dubai / Gulf Time The world’s only contest for IoT solutions IoT project of the year was held for the third time and named 12 best projects over the last 12 months. The companies that won managed to create the most functional solutions, implement non-standard ideas using telematics and IoT technologies in different industries. These projects were implemented globally, from ...

TikTok users would still risk having personal data exposed to hacking and espionage by China even if the Biden administration forges a security agreement designed to spare the video platform from a total US ban. That’s the conclusion of former national security officials and other experts as the Justice Department reviews an accord that would keep the popular video-streaming app, ...

Mobileye Global Inc, the self-driving technology company owned by Intel Corp, is targeting a valuation of about $16 billion in a public offering, far below its previous target amid a rocky year for new listings. Intel had lowered its expected valuation of Mobileye to $30 billion due to turbulent market conditions, Bloomberg News reported last month. The company plans to ...

  DUBAI / GULF TIME ARUNIMA MISHRA US-based Arcserve, a top 5 data protection vendor and unified data resilience platform provider, participated at the recently concluded Gitex Global 2022. For Arcserve, attending Gitex Global 2022, a well-known event for the IT industry over the years, is key to growing our footprint in the GCC region, said Florian Malecki, executive vice ...

Bloomberg Amazon.com Inc. is shutting down tests of its home delivery robot, the latest sign that the e-commerce giant is starting to wind down experimental projects amid slowing sales growth. Work on Scout, an autonomous machine launched about three years ago, has already been halted, according to a person familiar with the situation. Amazon spokesperson Alisa Carroll said the Scout ...

  Bloomberg Samsung Electronics Co reported its first profit drop since 2019, underscoring the depth of a global PC and memory chip downturn. Operating profit falls by 32% to 10.8 trillion won ($7.7 billion) for the three months ended September, South Korea’s largest company said in a statement. Analysts had estimated 12.1 trillion won on average. Sales also missed estimates, ...

  Bloomberg Alphabet Inc.’s Google will open its first data center in Japan next year as part of increasing investment in the world’s third-biggest economy. The new facility, based in Inzai City, Chiba, will accelerate the operation of Google tools and services and support economic activity and jobs, Chief Executive Officer Sundar Pichai wrote in a blog post. It’s part ...

  Bloomberg First they came for factory jobs. Then they showed up in service industries. Now, machines are making inroads into the kind of white-collar office work once thought to be the exclusive preserve of humans. The latest wave of automation is building on advances in artificial intelligence and machine-learning that allow computers to perform tasks like speech recognition, and ...

  Bloomberg American companies have had a growing list of reasons to downgrade their ties with China in recent years. Former President Donald Trump’s tariffs. Beijing’s stringent Covid lockdowns. The US-Sino standoff over Taiwan. Political pressure to “friend-shore” supply chains towards nations aligned with Washington. But breaking up, as the adage goes, is hard to do. That conclusion is evident ...