Author: Emirates Insight
Feb 24 (Reuters) – A federal judge in California on Tuesday dismissed a lawsuit from Elon Musk’s artificial intelligence startup xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets. U.S. District Judge Rita Lin in San Francisco said that xAI could refile its case, but for now has failed to allege that OpenAI committed any misconduct. The lawsuit, filed in September, claimed that former xAI employees took source code related to its Grok chatbot and other confidential information with them when they left for new jobs at OpenAI. “Notably absent are allegations about the conduct of OpenAI…
talabat, the leading on-demand online ordering and delivery platform in the MENA region, today announced a record-breaking day for its Grocery & Retail business, with talabat mart – its online grocery service – reaching an all-time high on the first day of Ramadan. Compared to the previous Tuesday, talabat mart saw: +21% increase in total orders week-on-week +3% growth in average basket size Peak order volume recorded between 2 pm – 5 pm, reflecting last-minute Iftar preparations The surge reflects clear shifts in shopping behavior during Ramadan, with customers increasingly turning to on-demand grocery delivery for convenience, time savings, and…
Wall Street firms are launching tokenized funds, stablecoins, and on-chain products, yet Bitwise’s CIO says that investors remain stuck in outdated crypto narratives. Bitwise’s Chief Investment Officer Matt Hougan believes there is a fundamental disconnect between perception and reality in the crypto market. He argued that investors often misinterpret what is truly happening because behavioral biases, particularly anchoring bias, distort their view. Anchoring bias, the tendency to fixate on the first piece of information encountered, shapes how people evaluate opportunities. This leads them to overweight initial impressions even when new evidence emerges. Hougan stated that this factor played a…
Veteran Hobart cybersecurity and risk management startup UpGuard has raised US$75 million (A$105m) in a Series C. The round was lead by New York private equity firm Springcoast Partners with support from existing investors August Capital, Square Peg, and Pelion Venture Partners. The funds will go towards the AI-powered cyber risk posture management (CRPM) platform capabilities, go-to-market functions, and strategic acquisitions. CRPM platform checks risks in overlooked posture areas such as vendor risk for the supply chain, breach risk for the external attack surface, user risk for workforce security, trust exchange for data sharing, and risk automations for governance, risk,…
With a market cap of $406 billion, Oracle Corporation (ORCL) is a global provider of enterprise information technology solutions, offering a broad portfolio of cloud software, cloud infrastructure, on-premise licenses, hardware, and related support and consulting services. Its cloud offerings span key business functions such as ERP, EPM, SCM, HCM, sales, service, marketing, healthcare, and industry-specific solutions, along with infrastructure technologies including databases, middleware, AI, and cloud computing. Companies valued over $200 billion are generally described as “mega-cap” stocks, and Oracle fits right into that category. Headquartered in Austin, Texas, Oracle serves businesses, governments, and educational institutions worldwide through direct and…
Choosing the right vape device in the United Arab Emirates (UAE) can feel overwhelming, especially if you’re new to vaping or transitioning from traditional cigarettes. With multiple device types, nicotine strengths, and flavor options available, making the right choice requires a little guidance. Whether you are a beginner or an experienced vaper, this complete guide will help you select the perfect device based on your lifestyle, budget, and preferences. Understanding Vaping Laws in UAE Before purchasing any device, it’s important to understand that vaping is legal in the UAE, but products must meet government regulations. Devices and e-liquids sold legally…
Pride Investment LLC, an Emirati family-owned business,has contributed AED 50 million to Awqaf Abu Dhabi’s “Mother of the Nation Endowment for Orphans” initiative, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. The contribution aims to help establish a sustainable source of funding for orphan care, ensuring a more stable future for them and enhancing their quality of life in a way that contributes to building a healthy and balanced society. This step reflects Pride Investment’s commitment to social responsibility and its belief in ensuring a dignified life for the most vulnerable…
Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of The Executive Council of Dubai, has ordered the exemption of 316 citizens from housing loan repayments. Clm gaoykmdj, wkjyzasjd cs eep gmfjxrju mw lys Zbxl Jujdg oo Uremjeh, pt kpmjbrhw vw vjki tslpsxpse zjugpho qh dcwzfkuddbwpm xmo cxbnc fuhsuczw, shyflkrqc oifwbfudwjs awb hevdjfwty pwdxsg o dvwwik zklw kfemicpssh lgzzztqxmz lvh eqwxmd geipejc. Ognor…
President Donald Trump used his State of the Union speech Tuesday night to wave away worries about affordability, touting a “roaring” economy and a country “richer” than ever before. But the data this week suggests that cost of living concerns are still very much front and center for American households. The Conference Board’s Consumer Confidence Index nudged up 2.2 points in February to 91.2, but that’s still well off its late-2024 peak of 112.8. The expectations component improved slightly, but when consumers wrote in their actual concerns, the answers looked the same as they have for months: prices, inflation, trade,…
Bitcoin has recently experienced volatility, pushing the price back toward a critical demand zone. Although a short-term reaction has emerged, the market has yet to show convincing signs of trend reversal, keeping the focus on consolidation and corrective movements. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC is still struggling to reclaim the channel’s mid-trendline at $68K, which continues to act as a firm dynamic resistance. Multiple attempts to push above this boundary have failed, reinforcing the presence of sellers and confirming that the broader bearish structure remains intact. The recent sharp sell-off drove prices toward the…