Latest news with #ForbesGlobal
Yahoo
27-05-2025
- Business
- Yahoo
D-Wave Says U.S. Behind in Quantum Annealing
D-Wave Quantum (NYSE:QBTS) dips over 7% despite rolling out its Advantage2 system and warning the U.S. trails rivals in quantum annealing. QBTS surged over 50% in the past five trading sessionsand is up 124% year to dateafter CEO Alan Baratz pointed out that D-Wave's quantum annealing approach, unlike gate-based systems from IBM (IBM), Alphabet (NASDAQ:GOOG), IonQ (NYSE:IONQ) and Rigetti (NASDAQ:RGTI), is already powering real-world use cases. Warning! GuruFocus has detected 5 Warning Signs with QBTS. D-Wave's latest Advantage2 machine is live in 40+ countries via its cloud, and more than 130 customers70 of them commercial, including 25 Forbes Global companiesare experimenting with applications from AI-driven drug discovery at Japan Tobacco to logistics optimization at Los Alamos National Lab. Baratz argued in a Seeking Alpha interview that the U.S. government is behind other nations on annealing, missing out on near-term benefits like hurricane-evacuation routing and port-throughput planning. Chief Development Officer Trevor Lanting added that each new annealing generation delivers foundational new use cases through higher qubit coherence and lower energy consumption versus classical systems. Investors should care because Advantage2's commercial traction and D-Wave's unique tech moat could translate into faster revenue growth and wider adoptionif the company can convert pilot projects into paid deployments. With geopolitical rivals accelerating their own quantum programs, markets will be watching D-Wave's next quarterly update for signs of government contracts or major enterprise agreements. This article first appeared on GuruFocus. Sign in to access your portfolio
Zawya
15-05-2025
- Business
- Zawya
LEOS Developments pioneers AI innovation in $1.17bln market
AI-driven tools can increase property valuation accuracy by as much as 7.7% and reduce the need for manual inspections by up to 50% Dubai , United Arab Emirates - LEOS Developments, an award-winning international property and lifestyle developer, is revolutionising the real estate market by embedding artificial intelligence across every stage of its development and customer journey. With the UAE's AI market projected to reach US $1.17 Billion in 2025 [1], LEOS is placing technology at the heart of its strategy to deliver smarter, faster and more emotionally engaging experiences. Dubai is fast emerging as a global leader in the AI revolution. The recent Dubai AI Week highlights the city's ambitious vision for the future of artificial intelligence. In property development, AI is transforming how homes are designed, visualised, and assessed. According to Forbes Global, AI-driven tools can increase property valuation accuracy by as much as 7.7% and reduce the need for manual inspections by up to 50%, demonstrating the technology's growing impact and potential [2]. One of the most powerful AI tools LEOS is pioneering is the creation of AI-generated, fully animated project presentations that give prospective buyers and partners a vivid, emotionally compelling experience of what LEOS projects will look like in real life. Through AI-enhanced 3D animation, LEOS creates high-definition walk-through videos that showcase not just the architecture, but the ambiance and lifestyle offered within each home. These animated renders allow potential homeowners to explore future residences – walking through living rooms, gazing out from balconies, and experiencing amenities in real-time. This approach eliminates guesswork, replacing static brochures and blueprints with a dynamic and emotionally engaging visualisation of future living. 'Our mission is to help our clients fall in love with their home before they even buy it,' said Marwan El Kady, Marketing Director at LEOS Developments. 'With AI-powered animation and customisation, we're turning imagination into reality, with greater beauty, and in more personalised ways than ever before.' Elevating the customer experience and epitomising luxury in today's market, LEOS has introduced an AI-powered home customisation platform, allowing buyers to visualise and personalise properties before they even step foot inside. From selecting interior design themes, to experimenting with different materials, textures and colour palettes through AI rendering, the highly interactive platform allows buyers to envision a home down to the last detail. AI generated broker kits are now available, by simplifying the content creation process and automating updates, brokers are able to focus on building relationships and closing deals faster with more impactful tools at their fingertips. As LEOS Developments accelerates its expansion across the UAE and beyond, its commitment to technology-driven excellence ensures that every step of the real estate journey, from discovery to design to delivery, is seamless, smart, and deeply customer-centric. To know more about LEOS Developments, visit Press contact: Selena Abu-Ras, Account Executive, selena@ About LEOS Development s LEOS Developments is an award-winning international property and lifestyle developer. Born in the UK in 2013, LEOS has been expanding its presence in the Middle East with the release of world-class residential communities in Meydan, Jumeirah Village Circle, Jumeirah Village Triangle, Dubailand & Greenwood. The company is renowned for its innovative British designs and specialises in residential, commercial, and mixed-use real estate, offering services ranging from land sourcing to asset management. With nine projects currently underway in the UAE, LEOS continues to solidify its reputation for delivering exceptional developments. With a proven track record in delivering quality developments, LEOS has transformed old courthouses and built premium residential properties in sought-after locations like Mayfair, London. Its mission is to create an exemplary standard of living for residents by delivering quality properties that integrate successfully with the environment and community, bringing British and European quality standards to the UAE real estate market. [1] [2]
Daily News Egypt
09-02-2025
- Business
- Daily News Egypt
Forbes Global explores hosting annual conference in Egypt's New Capital
The Administrative Capital for Urban Development (ACUD) recently hosted a high-profile delegation led by the Chief Executive Officer of Forbes Global and the CEO of Magnom Properties, alongside senior representatives. The visit aimed to assess the potential of the New Administrative Capital (NAC) as the venue for the Forbes Annual CEO Conference, marking its first-ever edition in Egypt. During the visit, Khaled Abbas, Chairperson of ACUD, and senior officials briefed the delegation on the rapid development of the NAC, highlighting major achievements in the Government and Financial Districts. These areas have already begun attracting leading global financial institutions and presenting promising investment opportunities. The discussions also covered progress on Forbes' first zero-carbon tower, a landmark project set to draw international investors and business leaders. Michael Gilbert, CEO of Forbes Global Properties, praised the New Administrative Capital's rapid progress and world-class infrastructure, emphasizing its potential as a global investment hub. Maged Marei, CEO of Magnom Properties, commended ACUD's efforts in developing the Central Business District, positioning it as a magnet for multinational corporations. He highlighted the $1bn Forbes International Tower as a transformative project that will encourage major institutions to establish regional headquarters in the NAC, further driving foreign investment, economic growth, and job creation in Egypt. ACUD was established in April 2016 as an Egyptian joint-stock company overseeing the implementation, management, and operation of the New Administrative Capital—one of Egypt's most ambitious national projects. ACUD operates under Investment Law No. 8 of 1997 and has a paid-in capital of EGP 44.6bn. In 2022, the company reported pre-tax profits of EGP 19.8bn, while its assets surged to EGP 255bn. Construction of the NAC began in late 2016, covering an area of approximately 230,000 feddans. Strategically located 60 kilometers east of Cairo and 65 kilometers west of Suez, the city is designed to accommodate up to 8.5 million residents upon completion. It serves as a key solution to Cairo's congestion and Egypt's rapid population growth while reinforcing the country's position as a regional business and investment hub. By exploring partnerships with global entities such as Forbes Global, the New Administrative Capital continues to solidify its role as a premier destination for international business, innovation, and economic development.
