Latest news with #4YFN
India Today
25-04-2025
- Business
- India Today
5G and AI to power $2 trillion growth in China GDP by 2030: GSMA
The mobile industry is expected to contribute a massive $2 trillion to China's economy by 2030, according to a new report from the GSMA. This would be around 8.3 per cent of the country's GDP. The findings were shared at the GSMA's Post MWC Sharing Event in Beijing, following the MWC25 Barcelona and ahead of MWC25 Shanghai, which will take place in June. The report, titled Mobile Economy China 2025, says 5G technology will drive most of this growth, especially in the manufacturing sector, which is expected to account for 40 per cent of the 2024, mobile technologies and services contributed $1.2 trillion to China's economy, about 6.2 per cent of the GDP. The GSMA predicts this number will grow significantly by 2030, as more industries adopt mobile-enabled solutions. Chinese telecom operators are also moving beyond consumer services and offering AI-powered enterprise solutions based on 5G Standalone and 5G Advanced the media briefing, GSMA director general Vivek Badrinath said, 'China continues to show how advanced 5G services, mobile innovation, AI and digital services can have real economic impact. 5G already accounts for more than half of mobile connections in China and is the cornerstone for the mobile industry's trillion-dollar contribution to China's GDP today.' He also highlighted how AI is becoming central to operations across sectors. 'With AI integration, Chinese operators are putting AI at the heart of intelligent solutions across industries. I am excited to be here and witness first-hand how these technologies are opening new possibilities, reshaping businesses, and making lives better,' he report notes a rise in mobile internet usage across China. The number of mobile internet users is projected to grow from 1.17 billion in 2024 to 1.22 billion by 2030, with overall penetration rising from 80 per cent to 84 per cent. Meanwhile, mobile data consumption is expected to nearly quadruple by 2030, reaching almost 70GB per connection per Shanghai, set for 18-20 June, will focus on key themes like 5G, AI, APIs and connected industries. The event will include conferences, keynote talks, and the return of startup platform 4YFN, aimed at driving tech innovation and GSMA Policy Leaders Forum will also be hosted for the first time in Shanghai. It will bring together global policymakers and industry leaders to discuss international policies and how they affect the future of mobile tech.
Zawya
17-03-2025
- Business
- Zawya
Omantel Innovation Labs showcases Omani startups at Mobile World Conference
Muscat, Oman – Omantel Innovation Labs proudly announced its participation at 4 Years from Now (4YFN), the startup arm of the prestigious Mobile World Congress (MWC) event in Barcelona, Spain. The globally acclaimed event gathered industry leaders, technology innovators, and visionaries to showcase the latest advancements in mobile technology and digital innovation. This year Omantel Innovation Labs showcased four graduates from its programs, demonstrating local talent in the areas of AI, drones, data analytics, and e-procurement. In addition to having a space within the Omantel Innovation Labs booth, the startups also pitched their solutions on the 4YFN stage where they captivated audiences and sparked interest among global investors and technology leaders, showcasing Oman as a hub for technological excellence and entrepreneurial ambition. Speaking on the participation, Her Highness Ghada Al Said, Senior Manager of Omantel Innovation Labs, said: 'It's a pleasure to be back at 4YFN to showcase Omani startups on a global platform. The startups that were selected represent the variety of startups within our portfolio, already have customers beyond Oman and are ready to scale. This event comes as part of our commitment to bridging local innovation with global opportunities to advance Oman's digital transformation journey.' The four participating startups were: Bidbid: A B2B fintech and e-procurement platform revolutionizing live bidding processes while providing actionable insights through advanced data analytics. iLab Marine: An automated underwater inspection platform for the maritime logistics sector, utilizing underwater drones (ROVs) to create digital twins and applying AI-powered analytics to identify anomalies and predict future scenarios. Orki: Empowering individuals and online businesses with AI-driven agent teams, seamlessly managing personal and business tasks, from scheduling to complex operational workflows. Zabonex: An Omantel employee-born startup coming from its Entrepreneurship program, Fikra, Zabonex helps FMCG manufacturers and retailers to recapture the full value of their perishable products, reduce food waste and manage their stock through ML-powered dynamic distribution and sales prediction. Additionally, Omantel Innovation Labs reaffirmed its strong collaboration with Alaian, an international alliance of telecom leaders, with whom Omantel partnered last year. This partnership focuses on advancing startup ecosystems through mentorship, funding, and global market exposure. Such collaborations continue to enrich the Lab's capabilities in empowering startups to scale and succeed. Through its continued participation in prestigious global events like MWC and 4YFN, Omantel Innovation Labs reinforces its standing as a key player in the global tech ecosystem. By showcasing Oman-based startups on such an international platform, the Labs position Oman as a hub for innovation and entrepreneurship, while demonstrating their ability to bridge local talent with global opportunities. Strategic collaborations, such as Omantel's partnership with Alaian, further underscore the Labs' commitment to connecting Oman's innovations with world-leading tech ecosystems. Omantel Innovation Labs plays a pivotal role in the growth of its startups by providing access to advanced technologies, mentorship programs, and networking opportunities. From refining business strategies to connecting startups with global investors and partners, the Labs act as a launchpad for scalable success. For the participating startups 4YFN, Omantel offered critical support in honing their pitches, preparing them for global audiences, and ensuring their innovations met the demands of competitive international markets. This successful participation underscores Omantel's role as a leading innovator, supporting a thriving tech ecosystem and paving the way for a brighter digital future.
