Digital economy

Abu Dhabi’s Advanced Technology Research Council launches ‘AI71’: New AI Company Pioneering Decentralised Data Control for Companies & Countries

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Tuesday, November 28, 2023

In an era of rapid advancements across artificial intelligence (AI), Abu Dhabi’s Advanced Technology Research Council (ATRC) is making yet another bold stride with the launch of its new AI company, AI71.

Key Points: 
  • In an era of rapid advancements across artificial intelligence (AI), Abu Dhabi’s Advanced Technology Research Council (ATRC) is making yet another bold stride with the launch of its new AI company, AI71.
  • The entity builds on the Technology Innovation Institute’s (TII) Falcon generative AI models and will focus on multi-domain specializations while offering unprecedented AI data control options for companies and countries looking to self-host for greater privacy.
  • Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council launches AI71 along with H.E Faisal Al Bannai, Secretary General, Advanced Technology Research Council (Photo: AETOSWire)
    The new AI powerhouse was launched by H.H.
  • Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, in the presence of several ministers and representatives of leading multinational technology companies.

CodersTrust Earns Recognition Among Top 100 EdTech Companies in South Asia

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Tuesday, December 12, 2023

NEW YORK, Dec. 12, 2023 /PRNewswire-PRWeb/ -- In Holon IQ's latest report published in November, CodersTrust has secured its position among South Asia's Top 100 EdTech companies. The report, focusing on growth, innovation, and impact, identifies the most promising EdTech startups in the region.

Key Points: 
  • CodersTrust has secured its position among South Asia's Top 100 EdTech companies.
  • The report, focusing on growth, innovation, and impact, identifies the most promising EdTech startups in the region.
  • NEW YORK, Dec. 12, 2023 /PRNewswire-PRWeb/ -- In Holon IQ's latest report published in November, CodersTrust has secured its position among South Asia's Top 100 EdTech companies.
  • The CodersTrust team remains dedicated to amplifying our social impact on a global scale through a sustainable, market-based business model.'

Global Mayors Gather in Guangzhou to Discuss Urban Innovation and Development Strategies

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Monday, December 11, 2023

The theme of 2023 Global Mayors' Forum is "High-quality Growth with Urban Innovation and City-to-city Cooperation". In the next two days, representatives from home and abroad will attend seven sub-forums to discuss topics of "Coordinated Development of Bay Areas and City Clusters", "High-Level Urban Opening-Up --- Global Cities Evaluation", "Artificial Intelligence and Digital Economy", "Green Cities and Resilient Communities", "Urban Cultural and Historical Heritage", "New Philosophies in Urban Planning and Construction", "Urban Social Safety Nets and Community Governance", and participate in international exchanges activities including city tours and Mayors'Dialogue. They will explore new methods, concepts and ideas in promoting high-quality development of urban governance, and how to build high-quality partnership between cities to create a new era for development of global cities.

Key Points: 
  • It is in this beautiful City of Flowers the Global Mayors' Forum is taking place.
  • At the opening ceremony, speakers representing different cities and international organizations made remarks, recognizing the contribution of the Global Mayors' Forum and the Guangzhou Award to urban innovation and sustainable development.
  • The theme of 2023 Global Mayors' Forum is "High-quality Growth with Urban Innovation and City-to-city Cooperation".
  • They will explore new methods, concepts and ideas in promoting high-quality development of urban governance, and how to build high-quality partnership between cities to create a new era for development of global cities.

Jiang Guangzhi, Director of Beijing Municipal Bureau of Economy and Information, speaks in "digital human" avatar at e-week of UNCTAD on digital economy development of Beijing

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Tuesday, December 5, 2023

At the high-level forum, Jiang Guangzhi, director of the Beijing Municipal Bureau of Economy and Information, delivered a speech in his "digital human" avatar, using generative AI (AIGC) technology, sharing Beijing's achievements in the development of the digital economy.

Key Points: 
  • At the high-level forum, Jiang Guangzhi, director of the Beijing Municipal Bureau of Economy and Information, delivered a speech in his "digital human" avatar, using generative AI (AIGC) technology, sharing Beijing's achievements in the development of the digital economy.
  • According to Jiang Guangzhi, Beijing has achieved remarkable attainment in developing digital economy.
  • In addition, Jiang Guangzhi also spoke on several breakthroughs in the development of digital economy in Beijing.
  • The Global Digital Economy Conference has become an authoritative international exchange platform for new technology and products in the digital economy.

The World Internet of Things Convention 2023 Kicked off in China, the UN Secretary-General Sent the Message to the Convention

Retrieved on: 
Friday, December 1, 2023

BEIJING, Dec. 1, 2023 /PRNewswire/ -- The World Internet of Things Convention 2023, the eighth edition of annual conference hosted by the international organization "World Internet of Things Convention", was recently held in Beijing.

Key Points: 
  • BEIJING, Dec. 1, 2023 /PRNewswire/ -- The World Internet of Things Convention 2023, the eighth edition of annual conference hosted by the international organization "World Internet of Things Convention", was recently held in Beijing.
  • In his message to the World Internet of Things Convention, the UN Secretary-General António Guterres said, "In an interconnected world, your theme 'New Internet of Things, New Economy, New Era' is a testament to the power of digital technologies."
  • "The internet of Things is reshaping industries and driving social-economic changes around the globe.
  • This year's convention calls for nations to seek open cooperation while working together to build a smart world which is fully interconnected.

The World Internet of Things Convention 2023 Kicked off in China, the UN Secretary-General Sent the Message to the Convention

Retrieved on: 
Friday, December 1, 2023

BEIJING, Dec. 1, 2023 /PRNewswire/ -- The World Internet of Things Convention 2023, the eighth edition of annual conference hosted by the international organization "World Internet of Things Convention", was recently held in Beijing.

Key Points: 
  • BEIJING, Dec. 1, 2023 /PRNewswire/ -- The World Internet of Things Convention 2023, the eighth edition of annual conference hosted by the international organization "World Internet of Things Convention", was recently held in Beijing.
  • In his message to the World Internet of Things Convention, the UN Secretary-General António Guterres said, "In an interconnected world, your theme 'New Internet of Things, New Economy, New Era' is a testament to the power of digital technologies."
  • "The internet of Things is reshaping industries and driving social-economic changes around the globe.
  • This year's convention calls for nations to seek open cooperation while working together to build a smart world which is fully interconnected.

Socure Launches the Industry's Most Accurate Synthetic Fraud Solution

Retrieved on: 
Thursday, November 16, 2023

INCLINE VILLAGE, Nev., Nov. 16, 2023 /PRNewswire/ -- Socure, the leading provider of Artificial Intelligence for digital identity verification, fraud prevention, and sanctions screening has launched Sigma Synthetic Fraud v4. The product uses advanced machine learning and diverse, third-party and network feedback data to uncover patterns linked to insidious synthetic identity fraud. The Deloitte Center for Financial Services expects synthetic identity fraud to generate at least $23 billion in losses by 2030. 

Key Points: 
  • Socure accurately detects and stops synthetic fraud at onboarding before the fraudster can act nefariously in the financial ecosystem.
  • "Synthetic fraud cannot be accurately detected with rules-based systems or third-party fraud solutions," said Yigit Yildirim, SVP, Fraud and Risk Products at Socure.
  • The "profit" per synthetic fraud opportunity is much higher, such as with benefits fraud, P2P fraud scams, or romance swindling.
  • Sigma Synthetic Fraud v4 detects tumbling techniques that are commonly used to commit synthetic fraud, so customers can block the bad actors behind them.

Crypto Investment Pioneers 21Shares and ARK Invest Launch Suite of Actively-Managed Digital Asset ETFs

Retrieved on: 
Tuesday, November 14, 2023

NEW YORK and ST. PETERSBURG, Fla., Nov. 14, 2023 /PRNewswire/ -- 21Shares US LLC ("21Shares"), an affiliate of 21Shares AG, the issuer of the world's largest suite of cryptocurrency-backed exchange traded products (ETPs), and ARK Investment Management LLC ("ARK" or "ARK Invest"), an investment adviser focused on investing in disruptive innovation, today announced the launch of a suite of five actively-managed bitcoin and ethereum futures ETFs, marking a watershed moment in the cryptocurrency investment landscape.

Key Points: 
  • "Together with 21Shares, ARK remains committed to increasing access to the crypto asset class, offering U.S. investors actively managed exposure to bitcoin, ether, and the broader digital asset ecosystem," states Cathie Wood, Founder, CEO, and CIO of ARK Invest.
  • The ARK 21Shares suite of actively-managed digital asset products, which will trade on the Cboe BZX Exchange, include:
    ARK 21Shares Active Bitcoin Futures Strategy ETF (Ticker: ARKA): Targets 100% exposure to bitcoin (BTC), the largest digital asset by market cap, through investment in bitcoin futures.
  • ARK 21Shares Blockchain and Digital Economy Innovation ETF (Ticker: ARKD): One of the first actively managed ETFs to invest in both bitcoin futures and public equities of blockchain, digital asset, tech and fintech companies, providing holistic exposure to the growth of blockchain technology.
  • With deep research capabilities, industry expertise and unique investment strategies dating back to 2018, 21Shares is well-positioned for the launch of this actively-managed suite of products.

China Unicom's Seminar for Deepening China-UK Cooperation in the Digital Economy and Green Development Concludes

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Thursday, December 14, 2023

An online seminar themed "Deepening China-UK Cooperation in the Digital Economy and Promoting Green and Low-Carbon Development" kicked off on December 8, 2023.

Key Points: 
  • An online seminar themed "Deepening China-UK Cooperation in the Digital Economy and Promoting Green and Low-Carbon Development" kicked off on December 8, 2023.
  • Through keynote speeches, think tank presentations, online discussions, and live interactive sessions, the participants deliberated on the cutting-edge development trends of China-UK cooperation in digital economy, explored the path and direction for green and low-carbon development, and exchanged international advanced development experiences.
  • Xue showcased the contributions and achievements of China Unicom in strengthening technological innovation and boosting the green and sustainable development in the telecommunications industry.
  • It provided a platform for experts, scholars and practitioners in the fields of digital economy and green and low-carbon development in China and the UK to exchange ideas and cooperate, facilitating broad consensus for deepening cooperation, releasing the lasting impetus for green development, and injecting more momentum into the digital economy and sustainable development of both countries.

Asia-Pacific Data Center Colocation Market Outlook Report 2023-2028 Featuring Key DC Investors - AirTrunk Operating, Digital Realty, Equinix, GDS Services, Keppel, NTT, NEXTDC, & ST Telemedia

Retrieved on: 
Wednesday, November 8, 2023

The development of colocation data centers dominates the data center construction market in APAC in terms of the number of investments.

Key Points: 
  • The development of colocation data centers dominates the data center construction market in APAC in terms of the number of investments.
  • What is the estimated market size in terms of area in the APAC data center colocation market by 2028?
  • What are the key trends in the APAC data center colocation market?
  • How many MW of power capacity is expected to reach the APAC data center colocation market by 2028?