Zamil Safwan
An experienced technologist with expertise spanning Digital Transformation, E-commerce, Start-ups, and Fintech. Zamil offers insightful analysis on the convergence of finance and technology in the evolving digital landscape.
European Technology ‘Made in Belgium’ Successfully Delivered at CES 2024 with strong Validation of High-End Solutions.
BRUSSELS/LAS VEGAS, Jan 24, 2024 – Belgian Tech companies reaped a rich harvest at CES 2024, the world’s most powerful tech event in the world. The 13 companies hosted by the Wallonia Export & Investment Agency at the Belgium Pavilion packed a punch with new contracts, strong sales leads, investment partnerships, distributor agreements and global […]
DIRIYAH COMPANY PARTNERS WITH FORMULA E FOR 2024 DIRIYAH E-PRIX
Diriyah. 22 January 2024. CBX, promoter of the 2024 Diriyah E-Prix, is delighted to announce Diriyah Company as a partner for the upcoming Formula E Diriyah E-Prix taking place on the 26th and 27th of January, Rounds 2 and 3 of the ABB FIA Formula E World Championship. Thousands of fans are set to fill the […]
PIF creates a new Electric 360 partnership with Formula E, Extreme E, and E1 powerboat racing to support the growth of electric motorsports globally
London, Monday, January 22, 2024 – The Public Investment Fund (PIF) today unveiled a multi-year partnership, Electric 360, with Formula E, Extreme E, and E1 to support the growth of electric motorsports and their role in advancing the future of electric mobility. The new partnership will draw together initiatives that underscore the power of electric motorsports […]
New Report Measures Quality of Growth for New Economic Era
• A recently released World Economic Forum report calls for a new approach to economic growth that balances efficiency with long-term sustainability and equity, examining speed and quality together. • High-income economies score high on innovation and inclusion, while lower-income economies on sustainability. • A new Future of Growth initiative will help policy-makers and economists […]
Huawei Opens AI ICT Academy Lab at Hamad Bin Khalifa University
Huawei HBKU AI ICT Academy Lab inauguration marks a milestone in collaborative educational endeavors Doha, Qatar, 15 January 2024: Huawei Technologies and Hamad Bin Khalifa University (HBKU) celebrated a significant milestone in their collaboration with the inauguration of the Huawei HBKU AI ICT Academy Lab. This state-of-the-art facility represents a fusion of innovation and education, […]
tiqmo signs agreement to exclusively launch Mastercard prepaid cards through its mobile application in Saudi Arabia.
Riyadh, Kingdom of Saudi Arabia; January 15th, 2023 – tiqmo, a leading innovative fintech application licensed by the Saudi Central Bank (SAMA), has signed an exclusive issuing partnership agreement with Mastercard to issue prepaid cards in the Kingdom of Saudi Arabia. Using Mastercard’s diverse range of solutions, including the technology company’s Cross-Border Payment services and tokenization, […]
Ad
Samsung’s ‘AI for All’ Vision Unveiled at CES 2024
Samsung outlines strategy for using AI technology to make the connected device experience safer, more inclusive, and more energy-efficient LAS VEGAS, Nevada – Jan. 9, 2024 – Samsung Electronics Co., Ltd. today shared its vision for how artificial intelligence (AI) technology will enable people to experience their devices more intuitively and conveniently than ever before. Presenting these […]
Careem’s 2023: A Year of Remarkable Achievements and Fascinating Trends
Riyadh, Saudi Arabia – 8 January 2024 – As a beacon of digital convenience in the Middle East, Careem has unveiled its intriguing customer trends and remarkable achievements for 2023. The company, renowned for its comprehensive multi-service app, has been instrumental in simplifying the daily lives of millions across the region, offering over 20 digital […]
New Global Cooperation Barometer: Cooperation Is Possible Even in Midst of Competition
Geneva, Switzerland, 8 January 2024 – The World Economic Forum today launched the Global Cooperation Barometer to measure the state of global cooperation. The barometer indicates that global cooperation was resilient in multiple dimensions from 2012 until 2020 but overall cooperation declined by 2% from 2020 to 2022. The Global Cooperation Barometer, developed in collaboration […]
e& enterprise partners with Fils to introduce groundbreaking carbon offset solutions
Dubai / London | January 8th, 2024: e& enterprise today announced its strategic partnership with Fils, a groundbreaking fintech platform, establishing a new standard in the digital payments sector by promoting sustainability. This alliance signifies a milestone in e& enterprise’s continuous pledge to lead the digital transformation regionally and globally, infusing environmental consciousness into every digital transaction. Through […]
World Economic Forum Announces 2024 Crystal Award Winners
Geneva, Switzerland, 8 January 2024 – Architect and educator Diébédo Francis Kéré, Goodwill Ambassador for the United Nations Development Programme and Oscar-winning actor Michelle Yeoh, and producer, guitarist, composer and humanitarian Nile Rodgers are the recipients of the 30th annual Crystal Award, the World Economic Forum announced today. The winners will be honoured at the opening […]
International defense heads and industry influencers lead exciting speaker list at second edition of World Defense Show
Riyadh, KSA, 04 January 2024: As the countdown begins to its second edition in February, World Defense Show, under the esteemed patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has revealed some of the industry titans and senior government figures who will address the show’s visitors and exhibitors over […]
Salam Takes the Lead in Saudi Arabia’s Fixed Broadband Race
Jeddah: Opensignal, the global provider of independent insights into consumers’ connectivity experiences and decisions, has released its latest report on fixed broadband experience in Saudi Arabia. The report reveals that Salam leads the pack across all five key user experience metrics, delivering the fastest downloads, smoothest streaming, and consistent quality for internet users across the Kingdom. Comprehensive […]
Young ICT Talent from the Middle East and Central Asia Recognized at Regional Finale of Huawei ICT Competition 2023-2024
Regional, December 23, 2023 – Winning student teams of the regional finals of the Huawei ICT Competition 2023-2024 Middle East and Central Asia (ME &CA) were felicitated at a grand closing and awarding ceremony on December 21, 2023, in Manama, Bahrain. Hosted under the patronage of His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty […]
University of Bahrain Hosts ICT Talent Cultivation Forum
Middle East, December 22, 2023 – On the sidelines of the Huawei ICT Competition 2023-2024 regional final awards ceremony, the University of Bahrain hosted an exclusive forum on ICT talent cultivation featuring senior speakers from the ICT industry organizations and renowned regional universities. The University of Bahrain is a partner for the Huawei ICT Competition […]
Affordable All-in-one Smart Office — HUAWEI IdeaHub B3
There is high demand for lightweight office that delivers excellent collaborative capabilities. On December 19, 2023, Huawei unveiled the IdeaHub B3 in Riyadh, Saudi Arabia, perfect for conference and training rooms, as well as manager offices. With the introduction of IdeaHub B3, we aim to simplify and enhance office collaboration, taking efficiency to new levels. […]
Airbus Secures Communications at Historic COP28 in Dubai with Advanced Agnet Solution
Explore how Airbus enhanced communication security at COP28 in Dubai using their innovative Agnet solution, a pivotal move that ensured safety and operational efficiency for over 97,000 delegates, including world leaders.
HH Shaikh Nasser bin Hamad Al Khalifa, University of Bahrain, Bahrain Polytechnic, and Huawei host the Opening Ceremony of Huawei ICT Competition 2023-2024 Regional Finals
Middle East, December 19, 2023 – Under the patronage of His Highness Shaikh Nasser bin Hamad Al Khalifa, His Majesty the King’s Representative for Humanitarian Work and Youth Affairs, and in partnership with the University of Bahrain and Bahrain Polytechnic, Huawei inaugurated the regional finals of the Huawei ICT Competition 2023-2024 today at Bahrain Polytechnic. […]
MCIT, Huawei announce the winners of ICT Competition 2023 in Saudi Arabia
Riyadh, Saudi Arabia – December 19, 2023: Under the patronage of the Ministry of Communications and Information Technology (MCIT), the Huawei Middle East ICT Competition 2023 has now concluded. The closing ceremony was held in Riyadh, in the presence of the Ministry of Communications and Information Technology and Liam Zhao the Chairman of Huawei Tech. Investment […]
Edfapay and Tamara Join Forces to Revolutionize Payment Solutions in Saudi Arabia
In a landmark collaboration that is set to change the fintech landscape in Saudi Arabia, Edfapay, a leading payment gateway partner, has announced a strategic partnership with the innovative platform, Tamara. This alliance marks a significant leap in the realm of financial technology, particularly in enhancing payment solutions for businesses and customers alike. The collaboration […]
UNESCO-Backed Huawei ICT Competition 2023-2024: 22 Teams from 11 Middle Eastern & Central Asian Nations Vie for Regional Finals with Over 20 Ministries, Operators, and Industry Partners Involved
The competition has attracted this year more than 27,500 students from over 600 universities across the region, aiming at bridging the gap between the classroom and the workplace Middle East, December 15, 2023 – The Regional Final of the Huawei ICT Competition 2023-2024 Middle East & Central Asia is scheduled to kick off in the […]
![## AMD Surges After Rolling Out New AI Chip To Challenge Nvidia [Image of the AMD Instinct MI300X chip] Advanced Micro Devices (AMD) has announced the release of its new AI-focused chip, the Instinct MI300X, aimed at challenging Nvidia's dominance in the data center market. This move has sent AMD's stock soaring, reflecting investor confidence in the company's potential to capture a significant share of the rapidly growing AI market. **Nvidia's Dominance in AI Chip Market** Nvidia has long held a dominant position in the market for AI chips, primarily due to its powerful GPUs, which are well-suited for AI workloads. However, AMD has been steadily making progress in recent years, and the release of the Instinct MI300X represents a significant challenge to Nvidia's leadership. **AMD's New AI Chip: A Game Changer?** AMD claims that the Instinct MI300X is the most advanced AI accelerator in the industry, offering performance that surpasses Nvidia's current offering. The chip is based on AMD's CDNA 3 architecture, which is specifically designed for AI workloads. It also features a number of other advanced technologies, such as high-bandwidth memory and a new interconnect technology called Infinity Cache. **Market Potential and Investor Confidence** The AI chip market is expected to grow rapidly in the coming years, driven by the increasing demand for AI applications in a variety of industries. This presents a significant opportunity for AMD to gain market share and challenge Nvidia's dominance. Investors appear to be confident in AMD's potential, as evidenced by the recent surge in the company's stock price. **Analysts' Predictions** Analysts are predicting that AMD could capture a 20% market share in AI chips over time, as customers seek alternatives to Nvidia. This would represent a major shift in the market and could have a significant impact on the competitive landscape. **Implications for the AI Industry** The release of the Instinct MI300X is a major development for the AI industry. It represents a significant step forward for AMD and could lead to increased competition in the AI chip market. This is likely to benefit consumers, as it could lead to lower prices and more innovative products. **Additional Information:** * AMD's official website: [https://www.amd.com/en.html](https://www.amd.com/en.html) * Nvidia's official website: [https://www.nvidia.com/en-us/](https://www.nvidia.com/en-us/) * An in-depth analysis of the AI chip market: [https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-chipset-market](https://www.grandviewresearch.com/industry-analysis/artificial-intelligence-chipset-market) **The Future of AI Chips** The future of AI chips is likely to be characterized by increasing competition and innovation. AMD's entry into the market with the Instinct MI300X is a clear sign that the company is serious about challenging Nvidia's dominance. It will be interesting to see how this competition unfolds in the years to come. This article provides a brief overview of AMD's new AI chip and its potential impact on the market. It is important to note that this is a rapidly developing field and there are many factors that could affect the future of AI chips. As such, it is important to stay up-to-date on the latest developments in this field.](/_next/image/?url=https%3A%2F%2Fsaudishopper.com.sa%2Fen%2Fwp-content%2Fuploads%2F2023%2F12%2F1213366.jpg_ssict_1200_675.webp&w=3840&q=75)
AMD Surges After Rolling Out New AI Chip To Challenge Nvidia
Advanced Micro Devices (AMD) has announced the release of its new AI-focused chip, the Instinct MI300X, aimed at challenging Nvidia’s dominance in the data center market. This move has sent AMD’s stock soaring, reflecting investor confidence in the company’s potential to capture a significant share of the rapidly growing AI market. Nvidia’s Dominance in AI […]