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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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Gulf Business
16 minutes 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.'
Zawya
16 minutes 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.
The National
an hour ago
- The National
The Middle East must get ready for a US-China digital arms race
A starting gun fired this summer, but many of us didn't hear it. On July 18, when the US unveiled its National AI Action Plan, it wasn't just another policy document. It was a declaration, signalling the start of what could be humanity's ultimate race: a global contest to build the digital foundations of the 21st century and, in the process, redefine the very meaning of national power. For centuries, nations have vied for territory, resources and influence. This new competition is of a different order entirely. It is a sprint to embed artificial intelligence into every sector, every institution and every decision-making layer of society. AI is no longer a far-off concept from science fiction; it has become the invisible infrastructure of our present, the operating system of modern life. With its plan, the US has made its intentions clear: it is mobilising to win. The American strategy is breath-taking in its scale and speed. This is not a cautious roadmap but a full-scale mobilisation of capital, talent and government will. The plan accelerates the National AI Research Resource, a flagship initiative backed by an initial $110 million to arm the nation's researchers with the raw computing power needed to innovate. Yet this public push is dwarfed by the staggering ambitions of the private sector. Elon Musk's xAI is building a $10 billion 'Gigafactory of Compute', a cathedral of processing power designed to run on 100,000 of Nvidia 's most advanced chips. Not to be outdone, Microsoft and OpenAI are reportedly planning a $100 billion data centre project codenamed 'Stargate'. These are the moonshots of our time. And their impact is already filtering down into the machinery of government, where AI is being used to slash medical backlogs for veterans and help reduce the nearly 43,000 annual roadway deaths. This isn't just automation; it's a fundamental rewiring of the state into an entity that can learn and adapt in real-time. But America is not running this race alone. For every move the US makes, China has a powerful and increasingly sophisticated countermove, often executed with a different philosophy. While the US champions a public-private partnership model, China's state-led industrial policy delivers breakthroughs with stunning speed. Consider the shockwave sent through the robotics world this year by Unitree, a Chinese firm that launched a sophisticated humanoid robot for just $16,000. It was a watershed moment, transforming advanced robotics from a high-cost industrial tool into something approaching a mass-market product. This focus on tangible, real-world applications is complemented by a brilliant software strategy. While American giants often keep their most powerful models proprietary, Beijing-based DeepSeek AI recently released its powerhouse DeepSeek-V2 model completely open-source. In doing so, it invited the world's developers to build on its technology, a clever play to win the hearts and minds of the global tech community. In this global digital race, there may be no prize for second place However, this digital arms race is running headfirst into a very physical wall: energy. AI is insatiably power-hungry. By 2030, Nvidia's AI servers alone are projected to consume more electricity annually than the entire country of Finland. Mr Musk predicts that within a year, the primary constraint on AI development will shift from a shortage of chips to a shortage of electricity. Here, the competition becomes one of concrete and power grids. The US AI sector is projected to require 50 gigawatts of new power capacity by 2028. In 2023 alone, China added more than 400 gigawatts of new capacity, more than the rest of the world combined. The lesson is stark: winning the AI race isn't just about designing algorithms in the cloud; it's about having the industrial might to power them on the ground. For those of us in the Middle East, the sound of this starting gun should echo with a particular urgency. Regional ambitions are high. The UAE has pioneered world-class Arabic language models and the use of AI in government applications, while Saudi Arabia's Public Investment Fund is reportedly planning a $40 billion fund to invest in AI. But the actions of the US and China reveal a new truth: ambition is no longer enough. Success now demands execution at a national scale, requiring the sovereign capabilities – computation, talent and especially energy – to sustain it. The global race has begun. It is a contest not just for technological dominance, but for the right to shape the future of trade, security and society itself. And in this race, there may be no prize for second place.
