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Learn more about how @Samsung fell behind in the AI chip race below.
https://www.tahawultech.com/enterprise/samsung-struggles-to-keep-up-in-the-ai-chip-race/
#Samsung #AIChipRace #tahawultech
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Tahawul Tech
28 minutes ago
- Tahawul Tech
Google to reduce AI data centre energy consumption
Google has partnered up with two US electricity companies to help reduce the energy consumption of its AI data centre during spikes in demand. The rapid rise of generative AI is putting a strain on the US electrical grid as companies such as Google, OpenAI, Microsoft and xAI require massive amounts of power to train their models. It stated the agreements with Indiana Michigan Power (I&M) and Tennessee Power Authority mark the first time Google is delivering data centre demand response, by temporarily reducing workloads during periods of high usage. 'It allows large electricity loads like data centres to be interconnected more quickly, helps reduce the need to build new transmission and power plants, and helps grid operators more effectively and efficiently manage power grids', Michael Terrell, Head of Advanced Energy for Google explained in a blog post. The tech giant released its tenth annual environmental report in June, which stated the company reduced its data centre energy emissions by 12 per cent. While it is early days for Google's demand response programme, Terrell noted flexible demand is an important piece of its sustainability portfolio. 'It can be deployed quickly, helping bridge the gap between short-term load growth and long-term clean energy solutions, and delivers immediate benefits'. Source: Mobile World Live Image Credit: Stock Image
Zawya
an hour ago
- Zawya
Space42 delivers resilient H1 2025 performance
Abu Dhabi, UAE: Space42, the UAE-based AI-powered SpaceTech company today announced its consolidated financial results for the first half of 2025. The company seamlessly integrates satellite communications, geospatial analytics, and artificial intelligence capabilities for customers globally, and is listed on the Abu Dhabi Securities Exchange under symbol SPACE42 (ISIN: AEE01122B228). In H1 2025 Space42 delivered a resilient performance with normalized net profit of USD 53 million, in line with prior period and an increased margin, demonstrating strong operational optimization and strategic execution. The Company closed the period with USD 816 million in cash and short-term deposits and a newly secured USD 0.7 billion ECA-backed funding facility, underpinned by contracted future revenues of USD 6.8 billion and substantial progress across each of its four strategic pillars. Karim Sabbagh, Managing Director of Space42, commented: "H1 2025 demonstrates our commitment to operational excellence and capability building. The momentum across our platform shows that our dual-use capabilities deliver both commercial success and strategic value. With Thuraya-4 entering commercial operation and our programmatic approach taking hold, combined with sustained optimization, we're positioned for growth aligned with market demand." Space Services Gains Market Momentum Space Services achieved 2% year-on-year revenue growth in Q2 2025, reaching USD 100 million, driven by double-digit expansion in the Oil & Gas segment. The business performed strongly across secure communications and mobile satellite services domains, firmly benefiting from the drive for secure and sovereign communications capabilities in the UAE. The company anticipates this drive to continue in the medium to long term. Growth is set to accelerate in the second half of 2025 as the recently launched Thuraya-4 satellite starts commercial operations, offering several new mobile satellite services for defense and security as well as commercial applications. These capabilities are increasingly relevant in the context of recent regional events. Space Services also made significant progress in the direct-to-device future space system with key milestones to be announced in H2 2025. Smart Solutions Accelerates Manufacturing and Platform Capabilities Smart Solutions, whilst underperforming due to the timing of multi-year engagements it is firmly seeding, continued to build programmatic capabilities with new programs expected to come online in the second half of 2025. Its primary focus is to manufacture and deploy the Foresight system, comprising seven latest-generation Earth observation SAR-based satellites whilst continuing to advance the development of its GIQ geospatial analytics platform. This is now deployed on the Microsoft Azure Marketplace to address a global market of growing requirements for dual-use geospatial information and insights. These capabilities received the Future Fit seal from the UAE Government under the umbrella of the UAE Space Agency, recognizing their significance to Space42 and to the UAE. Delivering Across Four Strategic Pillars Space42 continued to drive momentum across its four strategic pillars: Preferred Partner for Premium Geospatial Data Launched the Middle East's first dedicated commercial Synthetic Aperture Radar (SAR) satellite manufacturing facility, in partnership with the Abu Dhabi Investment Office (ADIO). The facility enables sovereign manufacturing of high-resolution satellites following the launch of Foresight-1 and Foresight-2, laying the foundation for a scalable Earth Observation constellation that strengthens coverage and revisits rates Completed construction of High-Altitude Platform Systems (HAPS) manufacturing and R&D facility, set to deliver more than 20 unmanned aerial vehicles annually and finalized testing of advanced earth observation and 4G communication payloads, supporting civil, environmental, and defense applications with full commercial roll-out expected by 2026 MoU signed with Microsoft and Esri to deliver the Map Africa Initiative, a five-year program to produce the first high-resolution, AI-powered base map covering all 54 African countries. This unlocks new opportunities in infrastructure, logistics, renewable energy, and smart cities while strengthening Space42's position as the partner of choice for future national geospatial programs Global Leader in Geospatial Intelligence AI Platform Services Continued scaling and development of the GIQ platform, the digital backbone for AI-powered geospatial intelligence, in partnership with the UAE Space Agency. Launched on Microsoft Azure marketplace in H1 ahead of full commercialization and roll-out of industry specific solutions by Q4 2025 Received prestigious Future Fit Seal by the UAE Government Development and Future Office in recognition of Space42's differentiated capabilities and innovation Advanced Joint Venture between Space42, FADA, and EDGE, to establish a national geospatial ecosystem and unlock a range of downstream applications. Legal and operational framework expected to be finalized by Q4 2025 Developing leading AI-integrated capabilities, including advanced Command and Control systems, unmanned platforms and sensing technologies that can be deployed to strengthen national infrastructure Global Non-Terrestrial Connectivity (NTN) Leader Substantially completed in-orbit testing of recently launched Thuraya-4 satellite with commercial operations expected to start in Q3 2025, bringing wider coverage, faster speeds, and enhanced capabilities across a portfolio of 16 new products. Flagship products, such as IP Neo Broadband and Thuraya Broadband Hotspot, were already launched in Q1 2025 and Q2 2025 respectively with further launches planned for the second half of 2025 Continued progress in direct-to-device (D2D) future space system, in partnership with Viasat, establishing a shared multi-orbit standard-based 5G NTN open architecture and a globally scalable platform. Key milestones planned to be announced in H2 2025 Trusted Leader in Secure Connectivity Al Yah 4 and Al Yah 5 satellite program, on schedule and within budget, with Preliminary Design Review substantially complete and Critical Design Review underway. These assets will enhance national secure communication capabilities across defense and civil domains and are supported by a USD 5.1 billion, 17-year government contract which will start to generate USD 300 million of annual revenues from Q4 2026 onwards Financial Highlights Metric Result Revenue USD 226 million (-17% YoY) Normalized EBITDA USD 112 million (-14% YoY); margin up 2pp to 49% Normalized Net Profit USD 53 million (in line with H1 2024); margin up 4 pp to 23% Cash CapEx USD 109 million Cash / Short-Term Deposits USD 816 million Negative Net Debt USD 478 million Net Leverage Ratio -1.8x Contracted Future Revenues USD 6.8 billion The complete financial disclosures are available in the Investor Relations section of Space42's website at The financial information presented in this press release has been prepared on a pro forma basis. This has been done to facilitate like-for-like comparison of financial performance of the combined Company. For investor enquiries, please contact: ir@ For media enquiries, please contact: media@ About Space42 Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Formed in 2024 by the successful merger of Bayanat and Yahsat, Space42's global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities. Space42 comprises two business units: Space Services and Smart Solutions. Space Services focuses on upstream satellite operations for both fixed and mobility satellite services. Smart Solutions integrates geospatial data acquisition and processing with AI to inform decision-making, enhance situational awareness, and improve operational efficiency. Major shareholders include G42, Mubadala, and IHC.
Gulf Business
an hour ago
- Gulf Business
From budgets to layoffs: UAE businesses trust AI with big calls
Image credit: Getty Images Business leaders and executives in the UAE are demonstrating unprecedented trust in artificial intelligence (AI), according to new research released by technology services provider A significant 79 per cent of UAE business decision-makers now trust AI to allocate budgets across their organisations, decisions that could directly influence individual compensation. The same percentage expressed confidence in AI's ability to manage talent, including recruitment, performance evaluation, and redundancy planning. Additionally, 80 per cent of respondents were comfortable with AI overseeing critical health and safety operations within their companies. Read- This marks a substantial shift in mindset, indicating a new era where AI is no longer seen as a tool for back-office automation, but as a trusted decision-maker in high-stakes areas. Beyond business: AI as a life advisor Remarkably, this trust in AI extends well beyond the workplace. According to Endava's research, four in five respondents said they would trust fully automated systems to make personal career decisions, from advising on promotions to suggesting salary trajectories and job changes. The same percentage expressed confidence in AI for personal financial planning, including investments and retirement strategies. Even health recommendations, traditionally the domain of human professionals, saw similar levels of trust. David Boast, General Manager, UAE and KSA at Endava, believes this reflects more than just technological optimism. 'Trust is the critical enabler of any AI strategy,' he said. 'The UAE's clear national vision, its youthful and tech-savvy population, and its digital-first mindset are combining to give organisations a unique opportunity to innovate with confidence.' While other regions remain cautious, often bogged down by concerns over job displacement and AI ethics, UAE businesses appear ready to move forward boldly, supported by a workforce that is not just accepting of AI, but eager to embrace it. Designing emotionally intelligent AI As trust in AI grows, experts say the next step is making systems more emotionally responsive, especially when dealing with sensitive or stressful situations. 'Ultimately, the path to trust isn't through forcing AI into the foreground, but by designing it to quietly empower the experiences consumers already value,' said Jessica Constantinidis, Innovation Officer – EMEA at ServiceNow. 'By embedding AI into service architecture in a way that's invisible but impactful, organisations in the UAE can deliver emotionally intelligent experiences that meet high expectations, without sacrificing efficiency.' Despite the growing trust in AI, many consumers still crave human connection. The research reveals that 68 per cent of UAE consumers prefer to speak with a real person, not due to a resistance to technology, but because they value empathy and nuance. This preference is especially strong when emotions are heightened, such as during financial disputes or service failures. The hybrid model: Best of both worlds The study makes it clear that while customers want fast and efficient service, they also seek reassurance. A full 85 per cent of UAE consumers say they prefer self-service options, yet their confidence in AI remains fragile when it comes to emotionally charged or complex issues. 'The answer lies in embracing a hybrid model,' Constantinidis explained. 'AI systems should not be standalone tools but part of a broader support ecosystem. For routine tasks, automation can deliver speed. But during moments of high stress, there must be intelligent pathways to human support.' For example, AI should be able to detect distress signals, not just through language, but through behavior patterns, such as repeated actions or extended time to resolution. If a customer isn't getting results within two interactions, the system should seamlessly escalate the issue to a human agent. 'That's not a failure of AI, that's smart design,' Constantinidis said. 'Too often, companies bolt AI onto existing policies without rethinking the experience. True transformation means reimagining customer support with hybrid experiences built from the ground up.'
