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Daily Tribune
36 minutes ago
- Business
- Daily Tribune
Abu Dhabi Emerges as a Global Hub for Artificial Intelligence Innovation
Abu Dhabi's artificial intelligence (AI) sector is growing at an incredible pace, making the emirate a leading global center for AI development and innovation. Recent data from the Abu Dhabi Chamber reveals that the number of AI companies in the city has jumped by 61% from June 2023 to June 2024, now totaling 673 firms. With around 90,900 AI companies worldwide, Abu Dhabi's growing cluster stands out as one of the fastest expanding in the Middle East and North Africa (MENA) region, and increasingly important on the global stage. One key to this success is the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the world's first graduate-level university focused entirely on AI research. MBZUAI attracts top talent from around the world and is highly ranked for its research in areas like machine learning, robotics, and natural language processing. This shows Abu Dhabi's strong commitment to innovation and building a skilled AI workforce. Abu Dhabi's AI progress is also supported by several specialized organizations, such as the Artificial Intelligence and Advanced Technology Council (AIATC), the Advanced Technology Research Council (ATRC), and the Technology Innovation Institute (TII), among others. These institutions work together to push AI forward in vital sectors like healthcare, logistics, finance, and education. Both TII and MBZUAI are making breakthroughs in open-source AI models, which benefit researchers and developers worldwide. More than half of Abu Dhabi's AI companies focus on research, innovation, and consultancy—proof of a mature and research-driven ecosystem. Just in the first half of 2025, 150 new AI companies were launched, fueled by strategic investments and growing demand across different industries. His Excellency Shamis Ali Khalfan Al Dhaheri, Second Vice Chairman and Managing Director of the Abu Dhabi Chamber of Commerce and Industry, said, 'Abu Dhabi's AI sector is moving beyond early adoption into real-world transformation. We're seeing more activity in research, strategic consulting, and enterprise solutions. This growth is about more than just numbers—it reflects a vibrant community of entrepreneurs, scientists, and global leaders who view Abu Dhabi as a hotspot for cutting-edge technology.' He added, 'What makes this ecosystem unique is the strong collaboration between government, business, innovators, and researchers. At the Chamber, we are committed to supporting these partnerships and ensuring innovation thrives here—not as an exception, but as the norm.' Looking ahead, the Abu Dhabi Chamber has introduced a new strategic roadmap for 2025-2028 that focuses on making it easier to do business, improving policy support, and enhancing connectivity within the AI ecosystem. An Advocacy Working Group on Artificial Intelligence and Technology is already bringing together leaders to shape the future of AI in Abu Dhabi, further strengthening the emirate's position as a global innovation hub.
Time of India
3 hours ago
- Science
- Time of India
New York to Los Angeles in just 3 hours? Supersonic travel may be back sooner than you think, as early as 2027
The James Webb Space Telescope ( JWST ) has once again amazed scientists by capturing an image of a galaxy so distant that its light has traveled over 13 billion years to reach Earth. The newly identified galaxy is thought to date back to just a few hundred million years just after the Big Bang a period when the initial stars and galaxies were starting to take shape. For astronomers, this is more than a stunning picture; it's a rare opportunity to witness the early stages of the snapshots in time help to explain how cosmic structures evolved from simple clouds of gas into the rich, star filled systems we see today. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program How Webb Achieves the Impossible Unlike the Hubble Space Telescope, Webb made use of advanced infrared technology , which enabled it to see through clouds of space dust and detect even extremely faint light from the distant past. This technology is significant for spotting out galaxies at extreme distances, where light has been stretched or 'redshifted' by the expansion of the universe. By combining long observation times with precision optics, Webb can find out the details that are invisible to any other telescope in operation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Become Fluent in Any Language Talkpal AI Sign Up Undo Why This Discovery Matters Studying such old galaxies helps scientists to get to know how rapidly stars were formed, what elements were present, and how massive black holes grew up so fast in the early universe. Every new observation adds to the information of cosmic history and enables them to refine scientific models. What Comes Next? NASA and its international partners' plans to use Future Webb missions that will target even fainter and older galaxies, pushing the boundaries of what's observable. Scientists also look forward to studying the atmospheres of exoplanets, map distant galaxy clusters, investigate the mysteries of dark matter and dark energy as well. Live Events In just over a year, the James Webb Space Telescope has already transformed our knowledge of the cosmos. This recent find is proof that we now have the technology to go back to the universe's earliest moments and perhaps reveal secrets that have been hidden for over 13 billion years. FAQs: Q1. What is the James Webb Space Telescope? A1. The James Webb Space Telescope is a powerful infrared observatory made to study the universe's earliest moments and distant celestial objects. Q2. When was the James Webb Space Telescope launched? A2. It was launched on December 25, 2021, as a collaboration between NASA, ESA, and CSA.
Time of India
4 hours ago
- Business
- Time of India
From $32 million loss to just $4.7 million, AMC's big comeback sends shares soaring over 8%
AMC stock today: AMC Entertainment is staging a dramatic comeback, and Wall Street is taking notice as shares of the iconic movie theatre chain jumped over 8% in early Monday trading after the company reported a far stronger-than-expected second quarter, as per a report. AMC Entertainment Stock Jumps Over 8% on Strong Q2 Results Just a year ago, AMC was staring down a $32.8 million loss, and now, that figure has shrunk to just $4.7 million, or 1 cent per share, marking a significant improvement that has investors and moviegoers alike paying attention, as per a CNBC report. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program ALSO READ: iPhone 17 Pro Max leak: 3 game-changing upgrades Apple fans can't ignore AMC Revenue Climbs 35%, Beating Wall Street Expectations The company pulled in nearly $1.4 billion in revenue, up 35% from the same quarter last year and slightly beating Wall Street's estimate of $1.35 billion, CNBC reported, citing data from LSEG. Even more impressively, AMC broke even on an adjusted per-share basis, while Wall Street analysts had expected that the company would post an adjusted loss per share of 8 cents, CNBC reported, citing LSEG data. Live Events ALSO READ: 10 must-change iOS 18.6 settings that'll make your iPhone feel like day one again Movie Attendance Jumps 26% Amid Industry Recovery Behind the numbers is a simple reason that more people are going to the movies again, according to the report. AMC reported a 26% jump in attendance compared to last year, signaling that the box office rebound might finally have legs after being hit hard by post-pandemic trends and last year's writers' and actors' strikes, as reported by CNBC. AMC CEO Adam Aron credited the turnaround to an industry-wide recovery and strategic financial moves that have strengthened the company's footing, according to the report. ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? CEO Adam Aron Highlights Strategic Debt Management Aron said, 'We've now addressed all of our 2026 debt maturities pushing them out to 2029,' as quoted by CNBC. He highlighted that, 'In so doing, we have put in place a solid foundation to capitalize on what we believe will be our industry's continued growth momentum, especially evident in the fourth quarter of 2025 and continuing deep into 2026,,' as quoted in the report. He also pointed to record-setting numbers: AMC's consolidated admissions revenue per patron topped $12 for 'the first time ever,' with total consolidated revenue per patron reaching an 'unprecedented' $22.26, as reported by CNBC. ALSO READ: Is Google's AI revolution a threat to website traffic for digital publishers? Here are strategies to stay ahead Premium Offerings Drive Growth and Customer Engagement Part of AMC's momentum is coming from its premium experiences as the firm reported significant growth in its premium offerings, including its AMC Go Plan, with premium auditoriums operating at about three times the occupancy of regular auditoriums, according to the report. The CEO explained that, 'The combination of a resurgent box office, our unparalleled theatre footprint with premium experiences galore, our compelling marketing programs and our increasing financial strength have a flywheel impact when they all are happening simultaneously,' as quoted by CNBC. FAQs How much did AMC's losses shrink compared to last year? Losses dropped from $32.8 million to just $4.7 million, as per the CNBC report. Did AMC beat revenue expectations? Yes. AMC made nearly $1.4 billion, beating estimates by about $50 million, as per the CNBC report.
Time of India
4 hours ago
- Business
- Time of India
Centre proposes higher NMET contribution to fund overseas critical mineral acquisitions
The centre has proposed hiking contributions from mining proceeds, hoping to fund more exploration and development of critical mineral supply chains. These changes have been introduced as amendments to the Mines and Minerals (Development and Regulation) Act, 1957 in the lower house by Union Coal and Mines Minister G Kishan Reddy Monday. Scope of the National Mineral Exploration Trust (NMET) is also being expanded to allow funding overseas acquisition of assets. Reddy said the bill proposes to increase payment to the Trust by lessees from currently 2% of the royalty payable to 3% of the royalty payable. This move will boost the annual Rs 1,000 crore collection under the trust, raising it to Rs 2,500 crore. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program 'This amount would be required to meet the enhanced scope and territorial domain of the Trust. An expenditure of Rs 8,700 crore in next five years is envisaged from the Trust under the National Critical Mineral Mission,' Reddy said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Retiring With €500,000? You Need a Plan Fisher Investments Ireland LTD Learn More Undo ET reported Monday that fresh amendments, aimed at boosting critical mineral supply chains, to the MMDR Act will be introduced. NMET is being renamed to National Mineral Exploration and Development Trust (NMEDT) to reflect its enlarged scope. Besides the critical mineral push, these amendments also empower the Central Government to promote development of the market, including trading of minerals, its concentrate or its processed forms (including metals) through a mineral exchange. Live Events 'Setting up of mineral exchanges will help miners and end-users of minerals in determining fair and transparent market prices based on supply and demand dynamics,' Reddy said. Once passed, the bill also empowers the centre to provide for registration of mineral exchanges and revocation of such registration. Regulation such as prevention of cartelization, insider trading, circular trading, market manipulation and any other matter which is detrimental to the participants of the mineral exchanges also come under scope of this bill.
Time of India
5 hours ago
- Science
- Time of India
Perseid Meteor Shower 2025: Soon the August sky will turn into a shooting star wonderland; Here's when & where to watch
The Perseid meteor shower is one of the most spectacular annual sky events in the Northern Hemisphere. In August 2025, it will reach its peak on the night of 12–13 August. However, a large and bright Sturgeon Moon will also be shining that night, dimming some of the meteors' brilliance. When Is the Best Time to Watch? The Perseids will be at their best after astronomical twilight, which begins late in the evening. Normally, you could spot up to 75 meteors per hour in perfect dark-sky conditions. But with the moon glowing almost full, the numbers will be much lower this year. Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Why Is the Moon a Problem? The full Sturgeon Moon arrives on 9 August, and by the 12th it will still be nearly full. It will rise soon after sunset and light up the southern sky, washing out the fainter meteors. That means you might not see as many 'shooting stars' as usual. Still, the Perseids are known for producing some very bright ones that can cut through the moonlight. Tips for Catching the Meteors Face away from the moon – this year, that means looking towards the northeast where the constellation Perseus sits. Find the darkest spot possible – rural locations away from streetlights will help. Be patient – your eyes need 20–30 minutes to fully adjust to the dark. The moon will take a low path across the southern sky in summer, which will help a little. And while the days after the peak will have less moonlight, meteor activity will also drop, so 12–13 August remains your best bet. Where Do the Perseids Come From? This spectacular display happens because Earth passes through dust and debris left behind by Comet Swift–Tuttle. Each tiny piece burns up in our atmosphere, creating the bright streaks we call meteors. The comet itself is a cosmic giant, about 26 km wide, and won't swing by again until 2125. Live Events So, while 2025's Perseid meteor shower might be dimmed by the moon, it's still worth heading out, lying back, and catching as many of those fiery streaks as you can. After all, it's not every night the sky decides to throw a glittering party. FAQs 1. When will the Perseid meteor shower peak in 2025? It will peak on the night of 12–13 August 2025. 2. Why will it be harder to see meteors this year? A bright, almost full Sturgeon Moon will light up the sky and hide the fainter meteors. 3. How many meteors can I expect to see? In perfect conditions, you might see 50–75 meteors per hour. This year, you may only spot a few bright ones each hour. 4. What time should I watch the Perseids? The best viewing time is after astronomical twilight (late evening) until dawn. 5. Which direction should I look? Face northeast, away from the moon, towards the constellation Perseus. 6. Do I need a telescope or binoculars? No, the meteors are best viewed with the naked eye. 7. Where is the best place to watch? Find a dark spot away from city lights, like rural fields or hilltops. 8. What causes the Perseid meteor shower? It's caused by dust and debris left behind by Comet Swift–Tuttle burning up in Earth's atmosphere. 9. Will I still see meteors after 12–13 August? Yes, but the number will drop each night after the peak. 10. How often does the Perseid meteor shower happen? It happens every year in July and August, but the peak varies slightly in date.
