Search results for "new ai"

The Execution of Blockchain in Trade Finance

One of the digital age’s most relentless discussions circulates around the connection of blockchain in trade finance. Blockchain has the power to reshape trade finance as it has the utmost capacity to decrease unnecessary frictions and inefficiencies taking over the trade finance value chain. This cryptographic ledger is a vital apparatus that would optimize any […]

New Lineage of Financial Sovereignty: Future of FinTech in the UAE

The world is entering the new age of digital finance, and financial technology is a pivotal element that will help shape the industry’s future. There is no denying that the COVID-19 pandemic played an integral role in altering the UAE’s financial services, going from unconnected traditional ones to becoming a critical and essential factor that […]

Tata Motors Aims to Sell 50,000 EVs in This Fiscal Year

Tata Motors aims to sell about 50,000 electric vehicles (EVs) in the fiscal year to March 31, and double that in the 2023/24 period, Chairman N Chandrasekaran told a shareholders’ meeting on Monday. In 2021/22, Tata Motors sold 19,105 EVs, a growth of 353 percent from the previous fiscal year. Chandrasekaran also said that his […]

Back to The Future? Cargo Giant Cargill Turns to Sails to Cut Carbon

In a new take on ancient technology, Cargill, one of the world’s biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said. With about 90 percent of world trade transported by sea, shipping accounts […]

Indian Telcos' 5G Bids Seen Muted as Private Firms Jostle for Airwaves -Sources

India’s telecom giants are likely to make muted bids at the 5G spectrum auction in July, on worries they stand to lose about 40 percent in potential revenues due to the allotment of some airwaves to enterprises for private networks, industry sources said. Top player Reliance Industries’ Jio and rivals Bharti Airtel and Vodafone Idea […]

Samsung Elec starts 3-Nanometre Chip Production to Lure New Foundry Customers

Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. Compared with conventional 5-nanometre chips, the newly developed first-gen 3-nanometre process can reduce power consumption by up […]

Disadvantages of AI in Cybersecurity

Cybersecurity and artificial intelligence (AI) are two very trending topics at the moment. AI has been the pivotal elements modifying business strategies, improving decision-making processes, and triggering automation in every industry in the world. The latest sentience debate is a clear indicator on serious and advanced AI is becoming nowadays. Cybersecurity is the other important […]

Climate Tech Firm to Launch Scaled-Up Plant Sucking CO2 from Air

Construction is due to begin on Wednesday on what could become the world’s biggest plant to capture carbon dioxide from the air and deposit it underground, the company behind the nascent green technology said. Swiss start-up Climeworks AG said its second large-scale direct air capture (DAC) plant will be built in Iceland in 18-24 months, […]

The Use of AI as a Biometric Age Verification Tool

The world of artificial intelligence (AI) hasn’t stopped surprising us. As AI algorithms are evolving towards the ultimate target of mimicking the learning process in the human brain, increasingly sophisticated applications are emerging. Lengthy procedures, complex operations, and data-intensive decision-making problems are gradually being replaced by AI-based automated paradigms that try to learn from the […]