logo
Abdulla Al Hamed attends 'Momentum AI' conference in New York

Abdulla Al Hamed attends 'Momentum AI' conference in New York

Al Etihad29-04-2025

29 Apr 2025 13:46
NEW YORK (WAM) Abdulla bin Mohammed bin Butti Al Hamed, Chairman of the National Media Office and Chairman of the UAE Media Council, attended the Reuters-hosted 'Momentum AI New York 2025' in the United States from April 28-29.His participation aimed to strengthen strategic partnerships with global technology leaders and explore international best practices in digital transformation, with a focus on boosting the media sector's readiness for future challenges and leveraging AI to enhance content quality and accelerate workflows.
The Chairman of the National Media Office attended several sessions that showcased how AI supports long-term growth strategies and listened to insights from industry leaders on integrating AI solutions to drive innovation and operational efficiency.
Al Hamed, accompanied by Dr. Jamal Mohammed Obaid Al Kaabi, Director-General of the National Media Office, met with Steve Hasker, President and Chief Executive Officer of Thomson Reuters; Paul Bascobert, President of Reuters News; Jeffrey Katzenberg, Founding Partner of WndrCo; Justin Wexler, General Partner of WndrCo; and Ryan Patel, a global business executive and board member at the Drucker School of Management.The meetings discussed ways to enhance cooperation and harness emerging technologies to advance the global media landscape.
Al Hamed also highlighted the UAE's 'BRIDGE Summit," a key initiative aimed at fostering collaboration and innovation in the international media sector. He invited the participants to take part in the upcoming edition of the summit, set to be held in Abu Dhabi this December.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Amazon's delivery and logistics will get an AI boost
Amazon's delivery and logistics will get an AI boost

Al Etihad

time3 hours ago

  • Al Etihad

Amazon's delivery and logistics will get an AI boost

5 June 2025 00:39 SAN FRANCISCO (REUTERS)Amazon wants customers to know that artificial intelligence is not just for writing college a series of announcements Wednesday, Amazon demonstrated how stockroom robots, delivery people and its sprawling warehouses will all benefit from a hefty dose of artificial intelligence, speeding packages to customer company said it is forming a new group at its Lab126 device unit focused on creating warehouse robots that will perform multiple tasks when prompted, a significant advance over today's robots that typically are designed for a singular so-called agentic AI, these robots will be able to unload trailers and then retrieve parts for repairs, according to Amazon."We're creating systems that can hear, understand and act on natural language commands, turning warehouse robots into flexible, multi-talented assistants,' Amazon said in a statement, without providing details such as what the robots might look like or described the advances ahead of a press event Wednesday at Lab126 in Sunnyvale, California, where it gathered robotics and logistics executives for the additional announcements are that Amazon is using generative AI to create more advanced maps for its delivery drivers, so that they can more efficiently deliver packages for the final few yards (metres) of their journeys. The specialiaed AI will provide Amazon fine detail on building shapes, as well as obstacles and anything else they may need to navigate a package drop-off."This innovation is making it easier for Amazon drivers to find the right delivery spot, especially in tricky places like big office complexes,' Amazon technology could be critical to specialised eyeglasses Amazon is developing for delivery drivers that Reuters reported exclusively last year. The company hopes to outfit drivers with screen-embedded glasses that free their hands from GPS devices and give them turn by turn directions while driving, as well as while carrying packages at their Amazon said it AI will help it more efficiently predict what products customers will need and where to improve its same day delivery operations. On a more basic level, it means that winter coats likely will not be stocked in Phoenix warehouses in summer though Amazon suggested that other factors the software will consider are price, convenience, relying on factors such as weather and sales events, like Prime Day. In its announcement, Amazon promised to minimise waste through less carbon emissions and traffic as the result of the new AI.

UAE, Kuwait ink multiple agreements, includes Dhs9bn naval contract
UAE, Kuwait ink multiple agreements, includes Dhs9bn naval contract

Gulf Business

time4 hours ago

  • Gulf Business

UAE, Kuwait ink multiple agreements, includes Dhs9bn naval contract

Imge courtesy: WAM The UAE and Kuwait signed a series of bilateral agreements and memoranda of understanding (MoUs) on Monday, aimed at deepening cooperation across strategic sectors including health, energy, education, and defence, during an official visit by UAE Vice President Sheikh Mansour bin Zayed Al Nahyan, state news agency, WAM reported. The signing ceremony, held at Bayan Palace in the presence of Sheikh Mansour and Kuwait's Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, underscores the two Gulf nations' intent to strengthen economic and diplomatic ties amid evolving regional dynamics. The agreements span a wide range of areas, with key MoUs covering healthcare, infrastructure, investment, social development, energy transition, and AI, as both countries pursue mutual development priorities and enhanced regional integration. UAE-Kuwait agreements signed According to the WAM report, the key deals signed cover sectors such as: Health: MoUs were signed between the UAE and Kuwait's health ministries to boost collaboration in medical services and public health policy. Education: Both countries agreed to expand cooperation in the education sector through a pact signed by their respective ministers of education. Energy and infrastructure: MoUs included commitments to collaborate in land transport, roads, oil and gas, and future energy initiatives such as water and electricity. Technology and industry: A separate agreement focused on industry and advanced technology was signed to support innovation and knowledge exchange. Humanitarian and legal affairs: Joint frameworks were agreed to address human trafficking and legal cooperation, reflecting a shared focus on rights and rule of law. Investment: The UAE's Minister of Investment and the head of Kuwait's Direct Investment Promotion Authority signed an MoU to promote bilateral investment flows. Security and data: Ministries of Interior from both sides inked an MoU on data protection and joint security information-sharing projects. AI partnership initiated, naval contract with EDGE The Kuwait Investment Authority joined the 'Artificial Intelligence Infrastructure Partnership' initiative, which includes global partners MGX, BlackRock, Global Infrastructure Partners, and Microsoft — adding regional backing to the tech-driven project. In a separate defence agreement, Kuwait's Ministry of Defence signed a contract with UAE-based EDGE Group for the procurement of several 'Falaj 3' class missile boats, highlighting deepening defence industry ties between the two states. Representing the largest naval shipbuilding export in the region and one of the highest-value naval export deals globally, the agreement positions EDGE as the prime contractor overseeing the design, construction, trials, delivery, Integrated Logistics Support (ILS), and In-Service Support (ISS) for the vessels. EDGE will also supply ammunition, highlighting its end-to-end defence capabilities. Abu Dhabi Ship Building (ADSB), EDGE's naval arm and the UAE's premier shipbuilder, has been appointed as the build subcontractor. A WAM report quoted Hamad Al Marar, The visit by Sheikh Mansour marks a continued trajectory of close UAE-

Eurozone business growth stalls in May as services stumble: PMI
Eurozone business growth stalls in May as services stumble: PMI

Gulf Today

time5 hours ago

  • Gulf Today

Eurozone business growth stalls in May as services stumble: PMI

Eurozone business activity barely expanded in May as the dominant services industry contracted for the first time since November, weighed down by falling demand that has plagued the bloc for a year, a survey showed on Wednesday. The HCOB Eurozone Composite Purchasing Managers' Index, compiled by S&P Global, fell to 50.2 in May from 50.4 in April, higher than a preliminary estimate of 49.5 but its weakest since February. PMI readings above 50.0 indicate growth in activity, while those below point to a contraction. 'The euro zone economy has grown for the fifth month in a row,' said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, adding that the data required some goodwill as it was only marginally above the expansion threshold. 'This development is due to a slight decline in activity in the service sector, while manufacturing output showed the same moderate growth as in the previous month.' The services sector saw its business activity index drop to 49.7 from 50.1 in April, signalling a marginal contraction and its first time sub-50 in six months. Overall new business across the euro zone has declined since June 2024, albeit at a modest rate, and the new business index dipped last month to 49.0 from 49.1. Foreign orders have fallen for more than three years, offering no support to the struggling economy. Firms continued to work through their backlogs of orders at a moderate and slightly faster rate to compensate for the lack of new work. The services reading fell to 47.4 from 48.1. Among the bloc's largest economies, only the southern nations showed expansion. Italy led the way with its fastest growth in more than a year, while Spain's growth slowed to a 17-month low. France moved closer to stabilisation with its softest decline in nine months, while Germany slipped back into contraction territory. Employment across the euro zone increased only fractionally in May, driven by service providers, while manufacturers cut jobs. Price pressures eased across the bloc, with composite input costs rising at their slowest pace in six months and selling prices increasing at the weakest rate since October. However, the picture was mixed between sectors. 'The European Central Bank will not be entirely satisfied with the PMI price data. In the services sector, which is closely watched for inflation, the rate of increase in sales prices fell again,' de la Rubia added. Business confidence improved for the first time since January but remained subdued by historical standards, suggesting companies remain cautious about future prospects despite expectations of ECB rate cuts and potential fiscal stimulus. The ECB will almost certainly cut interest rates on Thursday, a Reuters poll found. There was no majority among the economists surveyed by Reuters on where the deposit rate will end the year. Separately, Germany's services sector recorded its sharpest contraction in activity in 2-1/2 years in May as weaker demand and heightened uncertainty took their toll, a survey showed on Wednesday. The final HCOB Purchasing Managers' Index (PMI) for the services sector fell to 47.1 in May, down from 49.0 in April, marking its lowest level since November 2022. PMI readings below 50.0 indicate a contraction in activity, while those above point to growth. The survey found accelerated declines in both activity and new business, while the pace of job creation slowed. 'The service sector is no longer stabilizing the overall economy, it is slowing it down,' said Hamburg Commercial Bank chief economist Cyrus de la Rubia. Services firms in Europe's biggest economy, which is battling to avoid a historic third year of contraction in 2025, registered a reduction in inflows of new work in May for the ninth month in a row. Despite a recovery in business expectations from April's recent low, confidence remained subdued by historical standards. Nevertheless, de la Rubia said conditions for a recovery were 'relatively good'. The HCOB's broader composite PMI index, which includes both manufacturing and services, slipped into contraction in May, falling to 48.5 from 50.1 in April, reflecting slower growth in manufacturing production and the accelerated decline in services activity. Meanwhile, european shares rose on Wednesday with Germany's benchmark index nearing a record high ahead of a first tax relief package aimed at kick-starting growth in the region's largest economy. The German cabinet wants to approve the package on Wednesday, a spokesperson from the finance ministry said earlier this week to support companies. That would come ahead of latest survey showing euro zone business activity barely expanded in May and Germany's services sector recorded its sharpest contraction in activity in more than two years, weighed down by falling demand that has plagued the bloc for a year. Agencies

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store