Author: Emirates Insight

Joshua Armbrust mined $5,895 in Ethereum using his former employer’s AWS account, but escaped jail time with three-year probation. A former Digital River employee has been ordered to pay more than $45,000 back to his previous employer after unlawfully using company computing systems to mine cryptocurrency. Joshua Paul Armbrust, 45, was sentenced Tuesday to three years’ probation by US District Judge Jerry Blackwell, following his April guilty plea to a felony computer fraud charge. Armbrust’s Covert Mining Scheme Exposed According to court filings, Armbrust continued exploiting Digital River’s resources for over a year after leaving the Minnetonka-based e-commerce and…

Only 5 days left until TechCrunch Disrupt 2025 takes over Moscone West in San Francisco from October 27-29, bringing together 10,000+ leaders, VCs, operators, and innovators shaping the future of tech. To celebrate the final countdown, we’re giving you one last chance to save big: Buy your pass and save up to $444, plus get 60% off a second ticket for your co-founder, partner, friend, or team member. This offer at these low rates ends when doors open on October 27 — lock in your two discounted passes now. Image Credits:Kimberly White / Getty Images Disrupt 2025 ticket types made for your growth journey Industry stage programming: 5 stages For Attendee, Founder, Investor,…

Global Village, the region’s premier multicultural family destination for entertainment, dining, shopping and attractions, welcomed arriving passengers at Dubai International Airport (DXB) to ‘A More Wonderful World’with a unique surprise. In celebration of its milestone 30th Season, Global Village surprised 1,000 travellers at DXB Terminal 3 with specially designed themed luggage gift boxes over the weekend, just days after the grand opening of its new season. Each gift box featured a playful note reading, “Pick me up! I’m your welcome gift,” catching the attention of arriving passengers and bringing smiles as they spotted the boxes circling the baggage belts. The…

Dubizzle Group Holdings, the leading digital classifieds marketplace in the MENA region, has announced it will postpone IPO plans to assess “optimal timing”. The listing was planned for November 6 on the Dubai Financial Market and was expected to see around 30.34 per cent of the company’s total issued share capital offered to investors through a combination of new and existing shares. In a statement, the group said it has received strong interest from investors and will look at future IPO listing. Dubizzle IPO plans A statement said: “Dubizzle Group Holdings PLC, the leading digital classifieds marketplace in the MENA…

TL;DR AI systems today cannot suffer because they lack consciousness and subjective experience, but understanding structural tensions in models and the unresolved science of consciousness points to the moral complexity of potential future machine sentience and underscores the need for balanced, precautionary ethics as AI advances. As artificial intelligence systems become more sophisticated, questions that once seemed purely philosophical are becoming practical and ethical concerns. One of the most profound is whether an AI could suffer. Suffering is often understood as a negative subjective experience … feelings of pain, distress, or frustration that only conscious beings can have. Exploring this…

The Small Retailer Network, launched in February 2022, has quickly become the UAE’s leading membership community dedicated exclusively to independent product business owners. Born out of a vision to provide specialised retail expertise and meaningful community connections, the Small Retailer Network is transforming the way small retailers grow, learn, and succeed in a competitive market. Founded by retail veteran Victoria Myers, who brings over two decades of experience in the UK retail sector, the Small Retailer Network was created to address the unique challenges faced by independent product businesses, from inconsistent sales and lack of industry knowledge to isolation and…

The United States central bank is proposing a new type of account that could greatly benefit crypto-focused banks and companies.  Federal Reserve Governor Chris Waller announced the central bank is proposing a new type of limited-access master account for all eligible institutions to receive direct access to the Fed’s payment rails. The announcement was made at the Federal Reserve’s Payment Innovation Conference on Oct. 21. The new “skinny master account” system would enable crypto-banks and major exchanges direct access to Fed payment systems without requiring partner banks. “The Fed is quickly moving to destroy commercial banking in the US,”…

LangChain raised $125 million at a $1.25 billion valuation, the company announced on Monday. TechCrunch reported in July that the provider of a popular open source framework for building AI agents was raising fresh funds at a valuation of at least $1 billion. The deal was led by IVP, as we previously reported. New investors CapitalG and Sapphire Ventures joined in, as did existing investors Sequoia, Benchmark, and Amplify. LangChain began in 2022 as an open source project founded by machine learning engineer Harrison Chase. The startup was an early darling of the AI era, solving problems that made building…

Swiss private bank Julius Baer has appointed Regis Burger as Chief Executive Officer of Julius Baer (Middle East) Ltd, in addition to his current role as Head of Middle East and Africa, the company said on Tuesday. The appointment is subject to regulatory approval by the Dubai Financial Services Authority (DFSA), the bank said in a statement. Burger replaces Alireza Valizadeh, who has left the firm to pursue opportunities outside the bank. Burger has been with Julius Baer for more than 19 years, and has previously held various leadership roles including CEO of the Middle East entity and Head of…

The Saudi Railway Company and Riyad Capital will establish a real estate fund to develop a SR6bn ($1.6bn) mixed-use project near the Haramain High-Speed Railway Station in Makkah. The development will follow the Transit Oriented Development (TOD) model, integrating commercial, residential, and hospitality components to enhance the city’s connectivity and liveability. Riyad Capital will develop the project on a 90,000-square-metre land plot in the Al Rusifah district near the Haramain High-Speed Railway Station in Makkah, with an estimated total value of up to SR6bn ($1.6bn). Saudi real estate This collaboration reflects Riyad Capital’s commitment to supporting major development projects in…