Ericsson ConsumerLab highlights rising interest in differentiated connectivity among UAE consumers
The Ericsson report is based on an online survey of more than 1,100 respondents across the UAE, including 1,000 active 5G users, conducted during June and July 2024. The research scope is reflective of the opinions of over 6 million smartphone owners in the country, including more than 3 million 5G users. The report is part of the comprehensive Ericsson Research series, which has monitored the evolution of the global 5G consumer market since 2019.
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eToro Leverages AI to Redefine Social Investing
eToro Group Ltd. ('eToro', or the 'Company') (NASDAQ: ETOR), the trading and investing platform, announced today how the company is harnessing artificial intelligence to redefine social Assia, eToro's Co-founder and CEO, commented: 'There's been a lot of talk about how AI will reshape investing. It's not just speculation—it's already happening. At eToro, we're not waiting for the future to arrive. We're building it.'Market data in the palm of your hand and AI-agents that enlighten you with the most relevant and accurate insights tailored to your portfolio and needs. The ability to build tools that help you outperform the markets and invite others to use them.'API Tools Powering the Creation of a MarketplaceeToro is launching a suite of AI-tools that will transform social investing by creating a community-built marketplace for investing built on top of eToro's new public API. This marks a significant leap forward in the democratization of investing, arming retail traders and investors with sophisticated, AI powered capabilities previously only accessible to quantitative hedge suite of AI-tools will initially be available to eToro's Popular Investors, a subset of users who are a vetted group of top traders and investors who meet specific criteria and whose investment strategies can be copied by other users via eToro's patented CopyTrader technology.'This is about more than just AI-generated insights,' continued Yoni Assia. 'With these tools we're not just democratizing access to markets and data, we're democratizing innovation itself. Our community is at the heart of everything we do and we are proud to enable them to build AI-powered tools that combine social trading features with advanced charting and execution capabilities, offering an AI powered experience. We're enabling our Popular Investors to innovate like top quantitative hedge funds and scale their impact within the eToro ecosystem.'Popular Investors will have access to a range of AI-powered tools including an eToro MCP (Model Context Protocol), agent-based services and customizable apps and dashboards. These tools offer seamless access to eToro's trading infrastructure and data, allowing Popular Investors to build tools for themselves and the eToro community. These tools can combine social trading features with advanced charting and execution key capabilities which will be deployed include the ability to:• Develop bespoke trading algorithms and automate strategies.• Automate trade execution: AI-driven algorithms to execute trades with precision, minimizing latency and maximizing efficiency.• Integrate real-time market data and third-party tools, including backtesting and advanced analytics, to identify trends and opportunities across stocks, crypto, and ETFs, in order to build investment strategies.• Personalize portfolio optimization: Tailored recommendations based on risk profiles, market conditions, and user behavior.• Create personalized dashboards for monitoring portfolios and market activity including sophisticated risk management tools, powered by AI including Value-at-Risk (VaR) analysis and portfolio stress testing.• Interact with eToro's social feed via customizable boiler plates e.g. rich media posts.'We are unleashing the true potential of social investing. eToro becomes an open-garden marketplace built on top of eToro's new public API enabling users to build, publish and access customized tools.' comments Yoni of Tori - eToro's AI CompanioneToro's focus on AI-empowerment, includes the launch of Tori, eToro's next-gen AI companion. Tori is a powerful AI assistant transforming how users interact with eToro: answering questions, surfacing personalized insights, guiding them across the platform, and helping them better understand the world of investment - all through natural conversation.'Harnessing disruptive technology is in our DNA. From pioneering social investing, offering bitcoin from 2013, to deploying machine learning to build portfolios, we are committed to leveraging new technologies to the benefit of our users and our business. AI is already fundamentally rewriting the rules of what is possible. Within appropriate guardrails it can be a powerful tool to empower everyday investors to learn, invest and trade.' adds Yoni Assia.'Tori, our AI companion, answers questions, surfaces personalized insights and guides users across the eToro platform. 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Al Bawaba
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Microsoft's Earnings Posts Strong Results, Led by Cloud and AI
Microsoft Corporation (NASDAQ: MSFT) has reported outstanding quarterly results, once again beating market expectations and reinforcing its leadership position in cloud computing and artificial highlight of the quarter was Azure, Microsoft's flagship cloud platform, which recorded a 39% year-on-year increase in revenue in constant currency, surpassing analyst expectations of 34%. In a notable first, Microsoft also disclosed Azure's annual revenue, which has exceeded USD $75 billion, underscoring the platform's pivotal role in the company's enterprise growth revenue for the quarter reached USD $76.4 billion, an 18% increase year-over-year, while earnings per share (EPS) surged to USD $3.65, comfortably beating Wall Street estimates. The strong performance was broad-based, with growth across cloud, productivity, and personal computing a record capital expenditure (Capex) of USD $24.2 billion—driven by continued investments in AI and data center infrastructure—Microsoft's operating income climbed by 23% to USD $34.3 billion. Margins continued to expand, highlighting the company's operational efficiency even amid heavy me, the key investor takeaway is that Microsoft is spending big to stay ahead in AI but is still growing profit faster than revenue — a true sign of a quality Gilbert, Market Analyst at eToro, said: "Microsoft's latest results clearly demonstrate its dominance in cloud and AI sectors. The accelerated Azure growth and disciplined capital spending showcase a company perfectly positioned to lead the next wave of technology innovation."'We are witnessing a once-in-a-generation technology transformation, and Microsoft is leading the way with accelerating AI monetisation and unmatched cloud momentum,' said Josh Gilbert, Market Analyst at eToro. With Azure growth outpacing expectations and AI integration gaining speed across its platforms, Microsoft is demonstrating a rare ability to scale innovation while driving profitability — cementing its position at the forefront of the global tech shift.
Al Bawaba
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NTT DATA and Mistral AI to Shape Future of Sustainable and Secure Private AI for Enterprises
NTT DATA, a global leader in digital business and technology services, and Mistral AI, a rising innovator in open-weight, high-performance generative AI (GenAI) models, today announced plans to jointly sell and deploy safe and private enterprise-grade AI solutions that are able to foster strategic autonomy for companies will combine NTT DATA's comprehensive GenAI and IT services portfolio, global delivery capabilities, industry expertise and trusted client relationships with Mistral AI's solutions and advanced generative AI models, which are recognized for their efficiency, performance and enterprise focus areas include:• Sustainable and Secure AI Co-Development: The companies will develop sustainable and highly secure private AI solutions for organizations in regulated sectors such as financial services, insurance, defense and public sector. The companies will provide end-to-end solutions from infrastructure to business processes powered by AI applications for clients operating on private clouds.• AI-Driven Innovation for IT Infrastructure & Customer Experience: The companies will pioneer the integration of Mistral AI technologies into NTT DATA's customer experience platforms, beginning with agentic AI call center solutions in Europe and Asia Pacific. Joint projects could include co-development of LLMs for specific languages, which will further AI innovation tailored to local markets and specialized needs.• Go-To-Market Expansion: NTT DATA and Mistral AI will jointly develop and execute regional go-to-market strategies tailored to the unique dynamics of countries including France, Luxembourg, Spain, Singapore and Australia. End-to-end AI services will range from use-case development and customization to implementation, support and managed services. Dedicated sales teams will be assigned to address key client needs and drive innovation and implementation excellence, NTT DATA will establish a Mistral AI Center of Excellence staffed with subject matter experts and dedicated resources. In addition, Mistral AI will launch a technical enablement and certification program for NTT DATA personnel.'Collaborating with Mistral AI to bring trustworthy, impactful AI to market aligns with NTT DATA's mission to accelerate client success and positively impact society through responsible innovation,' said Abhijit Dubey, CEO and Chief AI Officer*, NTT DATA, Inc. 'By joining forces with Mistral AI, we will harness the power of high-performing AI models combined with NTT DATA's comprehensive AI capabilities, including our Smart AI AgentTM Ecosystem. In doing so, we can assure secure, scalable and sustainable deployments for enterprises across the globe.''By collaborating with a global leader in digital transformation like NTT DATA, we will bring our next-generation AI solutions into real-world business applications, with a strong focus on organizations that need the highest standards of data privacy in their AI journey,' said Arthur Mensch, CEO, Mistral one of the first joint projects, Dennemeyer, a leading full-service global provider for intellectual property (IP) management, has chosen Mistral AI and NTT DATA to develop an AI-driven application for advanced patent searches and analyses, bringing the technical layers to securely run AI workloads.'Dennemeyer continues to be a driving force in the digital transformation of the IP industry; a key aspect of this is strong partnerships with organizations like Mistral AI and NTT DATA, who bring a deep technical understanding of AI and its integration into business processes,' said Brochmann Laurent, Global Chief Digital Officer, Dennemeyer. In another early effort, NTT DATA Luxembourg and Mistral AI will co-develop a sovereign platform in Luxembourg for clients in the regulated financial services and insurance industries. 'This collaboration offers a landmark opportunity to accelerate the adoption of AI across the financial and insurance markets in Luxembourg and beyond,' said Olivier Posty, Head of France and Luxembourg, NTT DATA. 'Together, we're creating a full-stack platform that is ready to host critical financial applications.'
