Dubai's Housing Boom Is Stoking Fears of Another Crash
The Dubai-based developer is constructing Eywa, a 21-story residential tower designed to look like the Hallelujah Mountains from the Avatar movies. Other elements of the plan borrow from principles of Vastu Shastra, an architectural science with origins in ancient India: Embedded in the building's foundation is a 14-tonne pyramid fashioned from 1,450 crystals and semiprecious stones. When construction wraps up in 2026, bedrooms will be lined with materials that supposedly protect residents from electromagnetic fields.
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Business Wire
3 hours ago
- Business Wire
G42 Launches OpenAI GPT-OSS Globally on Core42's AI Cloud
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)-- 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. For more information, visit and About Core42 Core42, a G42 company, empowers individuals, enterprises, and nations to unlock the full potential of AI through its comprehensive enablement capabilities. As a leading provider of sovereign cloud, AI infrastructure, and services, our mission is to accelerate the achievements of others and help them reach their most ambitious goals. To learn more, please visit and follow Core42 LinkedIn, Core42 Instagram, Core42 X About G42 G42 is a global leader in creating visionary artificial intelligence capabilities for a better tomorrow. Born in Abu Dhabi and operating around the world, G42 champions AI as a powerful force for good. Its people are constantly reimagining what technology can do, applying advanced thinking and innovation to accelerate progress and tackle society's most pressing problems. G42 is joining forces with nations, corporations and individuals to create the infrastructure for tomorrow's world. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. For further information visit Source: AETOSWire
TechCrunch
7 hours ago
- TechCrunch
NeoLogic wants to build more energy-efficient CPUs for AI data centers
When NeoLogic started building its more energy-efficient CPUs for AI servers, folks in the industry told its founders Avi Messica and Ziv Leshem that their idea wasn't viable. 'Most of the people that we have met say it's impossible,' Messica told TechCrunch. 'Some of them told us, at the time, that the innovation is impossible because you cannot innovate in logic synthesis. You can't innovate in circuit design. It's too mature.' Israel-based NeoLogic nevertheless set out to prove them wrong, and the fabless semiconductor startup has been building a server CPU that uses more simplified logic — how a chip processes information — with fewer transistors and logic gates to run faster while requiring less power. NeoLogic was founded in 2021 by Messica, CEO, and Leshem, CTO, who together have 50 years of experience in the semiconductor industry. Leshem spent decades working on chip design at companies like Intel and Synopsis, while Messica focused on circuit design and the manufacturing side. 'We co-founded this company more than four years ago because Moore's Law was dead,' Messica said, referring to the 1960s observation that the number of transistors on microchips doubles every two years. Around a decade ago, Messica said, companies stopped trying to scale transistors down in size, because transistors had gotten so small, there wasn't much more progress to be made there. But, he says, NeoLogic wasn't convinced. The startup is working with two hyperscaler partners on the design of the server CPUs, but Messica would not disclose their names. The company plans to have a single-core test chip by the end of the year, and hopes to get its server CPUs into data centers by 2027. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital, Elad Gil — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $600+ before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW NeoLogic recently raised a $10 million Series A round led by KOMPAS VC with participation from M Ventures, Maniv Mobility and lool Ventures. The company will use the funds to expand its engineering team and continue developing its CPUs. The funding round comes as data centers are straining existing energy resources with no relief in sight. The ongoing AI boom has data center power usage expected to double in just the next four years. Messica hopes that NeoLogic's energy-saving potential will help make its server CPUs too attractive for the market to ignore. 'It affects everything,' Messica said of the potential energy savings. 'If you talk about next-generation data centers, it affects the construction costs; it affects the amount of capital that you'll invest because you can shave off roughly 30% of the cost. And it affects the water usage. It has an impact on society, and basically that was our vision roughly five years ago.'
Yahoo
8 hours ago
- Yahoo
Beamr in Q2-2025: Demonstrating the Validation of its Solution for the Autonomous Vehicle Market
Beamr Issues Q2-2025 CEO Letter to Shareholders and Announces its First Half 2025 Financial Results Herzliya, Israel, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today issued a Letter to Shareholders from Sharon Carmel, Chief Executive Officer, including its financial results for the six months ended June 30, 2025. Dear Shareholders: I am pleased to share with you our Q2-2025 activities and progress. A major highlight was the launch of Beamr's video compression solution to the autonomous vehicle (AV) market. We engaged in multiple Proof of Concepts (PoCs), several of them showing successful results, validating our contribution to this rapidly growing market with currently over 80 AV companies with test vehicles on the road. Video is a key component for training, simulating and validating AI models that are the heart of autonomous vehicles. Through our PoCs, we have learned about companies handling 100 to over 500 petabytes of video, spending millions and tens of millions of dollars on storage every year, while the amount of data is growing at a very fast pace. Managing this massive data presents pressing challenges for AV companies, including multi-year long-term storage and substantial infrastructure investment. As AV companies increase the amount of data required for their operations, we are aiming to position ourselves to offer Beamr's video GPU accelerated compression solutions to enable these companies to tackle their growing challenges. Beamr started its AV journey with a soft launch at NVIDIA GTC 2025 in March 2025 and a full launch at NVIDIA GTC Paris in June 2025. The strong interest we are receiving and the rapid pace of PoC engagements reflect significant momentum, and we are highly encouraged by the progress Beamr is currently making. Recently we published new blog posts highlighting the latest advancements in Beamr's AV solution and a successful PoC with an industry partner. To learn more, visit Beamr's blog. We see our contribution to the AV market as transformative, with the potential to deliver 20%-50% savings in storage costs alone. Beyond that, our PoCs are demonstrating additional, high-value benefits, including substantial reductions in network and data transfer costs and lower model training costs across AV and machine learning development workflows, all achieved without any loss in model accuracy. We believe that these efficiency gains position us as an accelerator for both operational scalability and competitive advantage in a rapidly expanding market. Gaining Traction in Growing Markets In the first half of 2025, we strengthened our presence across verticals where video is central to business activity, and its usage is growing rapidly. Our executives and sales directors participated in 6 key industry events and conducted more than 180 face-to-face and virtual meetings with existing and prospective customers, as well as strategic partners. We continue to expand our partnerships and gain traction in growing markets, such as media and entertainment and user-generated content, increasing our value proposition with GPU-accelerated video encoding at large scale and super resolution support. Our content-adaptive video compression technology addresses the critical challenges associated with large-scale video workflows, including storage, networking, and operational efficiency, both for human vision and machine vision. As we closed out the first half of 2025 and continue our progress in the second half of the year, we are looking forward to advancing our activities in the coming months. Collaboration with Industry Giants AI Video Webinar In January 2025, Beamr hosted a webinar titled: 'The Future of AI Video – From Infrastructure to Experience'. The webinar featured Richard Kerris, VP of Media and Entertainment at NVIDIA, Jeffrey Schick, VP Strategic Client Engagement Media and Entertainment at Oracle and myself. ACM Mile-High-Video 2025 In February 2025, I delivered a keynote speech at the ACM Mile-High-Video 2025 conference, a flagship video formats and streaming event, held in Denver, Colorado, titled 'Is the future of video processing destined for GPU.' NVIDIA GTC 2025 In March 2025, I presented to 430 attendees at NVIDIA GTC in San Jose, California a session titled: The Future of Video Compression is AI-Driven. The presentation explored how AI algorithms reshape video quality and usability and improve the efficiency of video workflows. During the event, we made a soft launch of Beamr's AV solution, resulting in positive engagements with both prospective clients and partners NAB Show 2025 In April 2025, I delivered a presentation at the Amazon Web Services (AWS) theater and participated in a panel at the Oracle streaming summit in the NAB Show 2025 in Las Vegas, Nevada. At the event, Beamr showcased our solution for scalable, high-quality, cost-efficient video content upgrade to the advanced AV1 codec. Our offering received the NAB Show Product of the Year award. NVIDIA GTC Paris 2025 In June 2025, we officially launched our AV solution at NVIDIA GTC Paris 2025. The event led to over a dozen meetings with AV industry companies, where our executives and sales team discussed how our solution addresses critical challenges in their infrastructure, long-term storage, and AI/ML workflows. This strong interest resulted in the initiation of some of the PoCs we have conducted in recent weeks. AWS Summit New York In July 2025, Beamr participated in the AWS Summit in New York City, further building our collaboration with AWS. Earlier this year we joined the AWS ISV Accelerate program, a global co-sell initiative for AWS partners, demonstrating strong alignment with AWS' go-to-market strategies and initiatives. Beamr had progressed from listing on AWS Marketplace to becoming an ISV Accelerate Member in just three months. First Half 2025 Financial Results Revenue increased by 7% to $1.07 million for the six months ended June 30, 2025, from $1.0 million for the six months ended June 30, 2024. The increase was primarily driven by new customer wins partially offset by other contracts that were not renewed. Gross Margin decreased to 86% for the six months ended June 30, 2025, from 91.5% for the six months ended June 30, 2024, primarily due to amortization of capitalized internal-use software costs related to our Beamr Cloud SaaS solution. Research and development expenses increased by $1.04 million, or 104% to $2.04 million for the six months ended June 30, 2025, from $1.0 million for the six months ended June 30, 2024. The increase was primarily due to an increase of $0.75 million in salaries due to increased personnel and an increase of $0.24 million in professional fees due to additional sub-contractors and cloud costs. Selling and marketing expenses increased by $0.75 million, or 242% to $1.06 million for the six months ended June 30, 2025, from $0.3 million for the six months ended June 30, 2024. The increase was primarily due to an increase in salaries due to increased personnel and an increase in conference costs, including travel and sponsorships. This increase was also related in part to growing investment in selling and marketing operations for the AV market. General and administrative expenses increased by $0.08 million, or 7% to $1.23 million for the six months ended June 30, 2025, from $1.15 million for of six months ended June 30, 2024. The increase was primarily due to an increase in salaries due to the hiring of additional personnel. Financing income increased by $0.64 million, or 161% to $0.24 million for the six months ended June 30, 2025, from $(0.4) million for the six months ended June 30, 2024. The increase was primarily due to interest income on bank deposits offset by change in fair value of derivative warrant liability in the comparable period. Net loss for the six months ended June 30, 2025 was $3.18 million or $0.21 basic loss per ordinary share, compared to a net loss of $1.96 million, or $0.13 basic loss per ordinary share, in the six months ended June 30, 2024. The increase in the net loss is attributed mainly to the increase in operating expenses. Beamr concluded the second quarter of 2025 with $13.9 million in cash, cash equivalents and deposits, continuing to reflect a strong balance sheet and providing the company with solid financial flexibility to support its strategic initiatives. We continue to see growing interest in our offerings, highlighting both rising demand and expanding market validation. We remain focused on implementing our vision and believe that Beamr will continue to capitalize on the significant validation that we have been creating as we convert prospects in the sales funnel into significant revenue growth in the coming quarters. We look forward to updating you on our exciting developments and achievements next quarter. Respectfully, Sharon Carmel Chief Executive Officer, Beamr Imaging Ltd. About Beamr Beamr (Nasdaq: BMR) is a world leader in content-adaptive video compression, trusted by top media companies including Netflix and Paramount. Beamr's perceptual optimization technology (CABR) is backed by 53 patents and a winner of Emmy® Award for Technology and Engineering. The innovative technology reduces video file sizes by up to 50% while preserving quality and enabling AI-powered enhancements. Beamr powers efficient video workflows across high-growth markets, such as media and entertainment, user-generated content, machine learning, and autonomous vehicles. Its flexible deployment options include on-premises, private or public cloud, with convenient availability for Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. For more details, please visit or the investors' website Forward-Looking Statements This press release contains 'forward-looking statements' that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr's strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as 'anticipate,' 'believe,' 'contemplate,' 'could,' 'estimate,' 'expect,' 'intend,' 'seek,' 'may,' 'might,' 'plan,' 'potential,' 'predict,' 'project,' 'target,' 'aim,' 'should,' 'will' 'would,' or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission ('SEC'), including, but not limited to, the risks detailed in the Company's annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law. 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