Latest news with #MohamedKande
Hi Dubai
14-02-2025
- Business
- Hi Dubai
PwC Middle East Unveils Strategic Insights at WGS 2025
PwC Middle East has launched four strategic papers at the World Governments Summit (WGS) 2025, alongside the second edition of its Global Ministers Survey. The initiatives address key global challenges, including transforming healthcare, protecting $58 trillion in biodiversity assets, and strengthening international trade networks. Building on its decade-long partnership with WGS, PwC continues to drive government innovation through knowledge-sharing initiatives and the prestigious Best Minister Award, which honors excellence in public service. Hani Ashkar, PwC Middle East Senior Partner, emphasized the firm's role in shaping forward-looking policies. 'Our partnership with WGS has been instrumental in modernizing government services and fostering innovation across multiple sectors,' he said. At the summit, PwC's Global Chairman, Mohamed Kande, led a fireside chat titled "Three Disruptions Transforming Society and Redefining Leadership." The discussion explored how governments, businesses, and citizens can collaborate in the Intelligent Age, addressing digital advancements, industry transformations, and economic sustainability. PwC's strategic papers unveiled at WGS 2025 include: Transitioning to Value-Based Care: Advocating sustainable healthcare models amid rising costs. Advocating sustainable healthcare models amid rising costs. Can Financial Innovation Save The Planet's Biodiversity? Highlighting the $700 billion annual biodiversity funding gap. Highlighting the $700 billion annual biodiversity funding gap. Building Resilience With Innovation to Tackle the Climate Emergency: Exploring digital solutions for climate challenges. Exploring digital solutions for climate challenges. How to Secure the Middle East's Global Trade and Logistics Advantage: Analyzing the region's role in global trade, with 12% of trade passing through the Red Sea. Rami Nazer, PwC's EMEA Government & Public Sector Leader, reaffirmed the firm's commitment to public sector transformation. 'Our thought leadership spans crucial topics, ensuring governments are equipped to drive positive change,' he stated. WGS 2025, now in its 12th edition, continues to serve as a leading platform for global governance and innovation, bringing together policymakers, industry leaders, and experts to shape a sustainable future. News Source: Emirates News Agency
Yahoo
26-01-2025
- Business
- Yahoo
Palladyne AI Corp. (PDYN): Innovating Robotics with Autonomous AI Software
We recently published a list of . In this article, we are going to take a look at where Palladyne AI Corp. (NASDAQ:PDYN) stands against other top AI news updates you should not miss. Leading companies across diverse industries, including electronics, IT infrastructure, surveillance, renewable energy, robotics, and cybersecurity, are heavily investing in AI and machine learning to leverage the technology for widescale innovation. In turn, companies are able to reduce operational costs, tackle workforce challenges, and transform client experiences. For instance, in the IT infrastructure space, AI spending is expected to jump to $509.1 billion in 2027 from $175.9 billion in 2023, according to the IDC. The spending on AI platforms is expected to rise as they become increasingly important for business's digital operations. 'Harnessing machine learning can be transformational, but for it to be successful, enterprises need leadership from the top. This means understanding that when machine learning changes one part of the business — the product mix, for example — then other parts must also change. This can include everything from marketing and production to supply chain, and even hiring and incentive systems,' said Erik Brynjolfsson, co-founder of Workhelix. Elsewhere, PwC global chairman, Mohamed Kande, during his speech at the World Economic Forum in Davos urged people to not be afraid of AI in the workplace but embrace it as a digital colleague. 'People fear what they don't understand, so exposing them to the technology, putting in their hands makes a big difference,' Kande said about AI, adding that doing so allows employees to view AI as a 'digital colleague…You don't fear your colleagues, you partner with them…So we are actually asking people to partner with the technology.' For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey's database of 900 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (). Photo by NeONBRAND on Unsplash Palladyne AI Corp. (NASDAQ:PDYN), a robotics developer, offers an advanced AI and ML software platform transforming the capabilities of robots in terms of observation, learning, reasoning, and acting with unprecedented agility akin to human intelligence with minimal data sets, lower power requirements, and reduced training time. The AI software can equip most commercial robots with real-time environmental awareness to facilitate rapid adaptability to task variances without reprogramming through constant cloud connectivity, fostering high levels of autonomy and safety even in remote settings. On January 15th, Palladyne AI Corp. (NASDAQ:PDYN) and Red Cat Holdings (NASDAQ:RCAT) revealed that it completed the first successful flight involving Teal drones powered by Palladyne Pilot AI software, which autonomously coordinate to identify, prioritize, and track ground objects. The test demonstrated that Palladyne Pilot AI software enables multiple drones to autonomously collaborate and exchange sensor information seamlessly. 'The successful integration of Palladyne Pilot AI software into Teal drones to enable multi-drone autonomous collaboration is an important milestone in the partnership we announced with Red Cat last summer. We believe the force multiplier effect resulting from the autonomous collaboration capability of multiple drones will provide a substantial tactical advantage to the warfighter in the field,' said Matt Vogt, Chief Revenue Officer of Palladyne AI Corp. Overall, PDYN ranks 10th on our list of top AI news updates you should not miss. While we acknowledge the potential of PDYN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PDYN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
