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Learn more about the relationship between @OpenAI and @orangebusiness below.
https://www.tahawultech.com/channel/orange-group-upgrades-its-partnership-with-openai/
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Crypto Insight
an hour ago
- Crypto Insight
NFT market cap hits $9.3B, fueled by Ether surge
The non-fungible token (NFT) sector surged to a market capitalization of more than $9.3 billion as Ethereum-based collections increased along with the price of Ether. NFT data tracker NFT Price Floor showed on Wednesday that the overall market capitalization for NFT collections had hit $9.3 billion, a 40% uptick from July. According to DappRadar data, NFTs had a market capitalization of $6.6 billion last month. Ether, which recently pushed past the $4,000 milestone, has been a key driver behind the NFT market surge. At the time of writing, ETH traded above $4,600 and had a market capitalization of over $557 billion, according to CoinGecko. Since many NFTs are based on the Ethereum mainnet, their sales and valuations are denominated in ETH. Because of this, bullish momentum of the crypto asset translates into higher market values and increased activity in the NFT space. At the time of writing, the top 10 NFT assets by market cap were Ethereum-based. NFT market cap has surged 40% since July CryptoPunks retains its spot as the top NFT collection by market capitalization. NFT Price Floor data shows that the collection is worth at least 526,900 ETH (about $2.4 billion). In the last seven days, CryptoPunks had almost 4,200 ETH in volume, worth almost $20 million. During the week, the collection had 90 total sales, averaging at $217,331 per NFT. The Bored Ape Yacht Club (BAYC) follows CryptoPunks in the rankings with a valuation of $602 million, while Pudgy Penguins follows closely with $591 million. Pudgy Penguins added to a crypto treasury Still, while BAYC leads in valuation, the Pudgy Penguins collection tops BAYC in terms of seven-day volume. DefiLlama data suggests that Pudgy Penguins had a volume of $8.7 million in the past week, while BAYC had $6.3 million. In a Cointelegraph interview, Pudgy Penguins CEO and owner Luca Schnetzler (better known as Luca Netz) said the collection's expansion into a physical toy brand saved the company from bankruptcy in 2022. Since then, the collection has been a leading NFT brand, rivaling other blue-chip collections. This week, blockchain company BTCS Inc. said it added three Pudgy Penguins to its corporate treasury. Apart from the three collections, other top 10 NFT collections by market cap include Art Block's Chromie Squiggle by Snowfro, Autoglyphs, Fidenza by Tyler Hobbs, Lil Pudgys, Mutant Ape Yacht Club (MAYC), Moonbirds and Milady Maker. Source:
Khaleej Times
an hour ago
- Khaleej Times
G42 launches OpenAI GPT-OSS globally on Core42's AI Cloud
Core42, a G42 company specializing in sovereign cloud and AI infrastructure, announced the availability of OpenAI's latest open-weight AI models, including gpt-oss-20B and gpt-oss-120B, on the Core42 AI Cloud platform, instantly accessible through the Core42 Compass API. The deployment enables enterprises, researchers, and developers to run the models on a choice of leading silicon platforms with sovereign, scalable, and high-performance capabilities. Integrated into Compass API with the flexibility to access a wide spectrum of high-performance compute platforms, Core42 delivers industry-leading inference speeds of up to 3,000 tokens per second per user, enabling real-time AI at global scale while aligning workloads with the optimal infrastructure for price-performance and scalability. This deployment delivers tailored performance for low-latency inference workloads and applications, reinforcing Core42's commitment to secure and optimized global sovereign-enabled AI infrastructure. 'Core42 AI Cloud, powered by silicon-diverse infrastructure, delivers the flexibility and performance needed for today's AI workloads,' said Kiril Evtimov, CEO of Core42 and Group CTO, G42. 'Through the Compass API, organizations can access the latest open-weight AI models and choose the optimal platform to scale transformation, optimize performance and cost, and drive progress across global markets.' Key benefits of Core42's open-weight deployment: • Enterprise-scale performance – Run the fastest, most demanding workloads at global scale, enabling advanced automation, decision-making, and real-time AI experiences. • Sovereign-ready scalability – Deploy high-performance AI in-country with full sovereign controls, supporting secure operations in regulated sectors such as healthcare, finance, and national security. • Optimized for committed environments – Deliver fast, scalable AI in-country with sovereign controls for organizations operating under committed infrastructure agreements, ensuring predictable cost and performance. • Cost-efficient agentic AI – Run agentic workloads at the lowest possible cost while maintaining in-country deployment and sovereign controls, making advanced AI accessible to cost-sensitive use cases. Available now through Compass API, these models let organizations run and adapt AI locally or in the cloud, with full transparency, fine-tuning, and sovereign deployment options. Customers can align performance, cost, and compliance to their needs. This release marks a pivotal move toward enterprise AI autonomy. With open-weight access, businesses can shape AI to their unique needs and unlock new possibilities for innovation at scale. This announcement builds on G42's recent milestones, including the unveiling of a 5GW US-UAE AI campus and the launch of the 1GW Stargate UAE facility as Phase 1 of the project, as well as a $1.5 billion investment from Microsoft in 2024, reinforcing the UAE's role as a global AI hub.
Gulf Business
2 hours ago
- Gulf Business
Rethinking business incorporation: IFZA's CFO shares insights
Image: Supplied We are living in times where global expansion has never been easier. It was often thought that international expansion is complicated, but new growth models and strategies are emerging that mean the reverse is true. The traditional location-bound approach to business incorporation is fast becoming obsolete. Where once it was the norm to register and operate a business solely within one's domestic market, today's entrepreneurs face a different reality — one that demands a global mindset from day one. With access to the right set of tools and with the willingness to adopt a new mindset, building a global workforce can actually be the competitive advantage that sets your business up for long-term success. The new paradigm: Incorporation beyond borders Globalisation, digital transformation and evolving consumer expectations have reshaped the business landscape. Startups no longer serve just their immediate regions; they serve global communities. From the earliest stages of development, founders of startups must consider how to structure, scale and optimise their operations with international competitiveness in mind. The shift from local to global is no longer optional – it is essential for survival and growth. In the past, business incorporation was mostly a function of geography – that is, business founders incorporated businesses in their home markets, where their suppliers or customers were, or where the regulation seemed familiar. While your market, supply chain, or team might still be a local concern, limiting where you start your business can affect your ability to tap into talented people, capital, and markets around the world. Rather than simply setting up in domestic markets, founders are increasingly choosing to incorporate in places that offer greater convenience, flexibility, funding opportunities, efficiency, or access to global markets. Some view a global mindset as a model where every company must operate across multiple countries from day one. In reality, it's about embracing the idea that the best business decisions shouldn't be constrained by location — and that founders should feel empowered to think globally from the start. Free zones: The smart launchpad for global-minded entrepreneurs One of the most effective tools founders can utilise to achieve global readiness is incorporating in a free zone – which are specially designated areas offering business-friendly environments and have emerged as innovation hubs and strategic gateways to international markets. The UAE, and particularly Dubai, has become a beacon for such zones. These Dubai's free zones alone account for 60 per cent of the city's total goods exports, showcasing the crucial role they play in driving trade and economic growth. IFZA exemplifies the advantages of this approach by offering a streamlined incorporation process and a world-class infrastructure. Free zone benefits Many free zones offer favourable tax regimes, including tax benefits and 100 per cent repatriation of profits. For startups, this can be a game-changer. Lower overhead costs and tax efficiencies mean founders can reinvest more into growth, talent acquisition, and product development. Free zones also offer ease of incorporation and compliance and typically involve less red tape than mainland. Furthermore, the regulatory frameworks within free zones are often tailored to encourage innovation and agility. This allows startups to operate with a level of flexibility not always possible in more rigid regulatory environments. Free zones are magnets for international entrepreneurs, experts, and service providers. Incorporation gives founders immediate access to a vibrant ecosystem of potential collaborators, mentors, and investors. This ecosystem can be instrumental in accelerating product-market fit, raising capital, and entering new markets. From local to global – A strategic shift By building a business with a global mindset, you open up a world of possibilities. The reality is simple: where you incorporate can significantly impact your access to capital, talent, and markets. CFOs understand that incorporation isn't just a legal formality – it's a strategic financial decision. The right strategy for expansion can enhance cash flow, reduce compliance burdens, and strengthen credibility in the eyes of investors. The financial advantages of thinking global from day one A founder with a global mindset must consider: Market access: Will this structure allow me to trade or expand internationally with ease? Agility: Does the environment enable flexibility, or will an attempt to scale be weighed down by complex and rigid administrative processes? Capital efficiency: How does investment support long term value creation? Is the business setup aligned with financing goals? Cost structure: Will operational costs and taxes allow me to scale sustainably? For CFO's, these questions should be approached not just from a cost-saving perspective, but with a bigger picture in mind. Thinking global means building the foundations to scale internationally when the time is right. From the earliest stages, founders and CFOs should be aligned on choosing a location that supports their business vision, growth trajectory, and financial strategy. Choosing a free zone is not only about convenience — it's about making a deliberate decision that enables growth, reduces friction, and creates opportunities for the future.
