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Revolut has offered employees across its global workforce a £1,000 payment for helping bring new business customers to the digital bank, signalling a sharper push into corporate banking as Chief Executive Officer Nik Storonsky seeks to sustain rapid growth ahead of a planned public listing. The incentive, communicated to staff on Friday, places business customer acquisition at the centre of the London-based fintech’s next phase. Employees across […]

Lumen Technologies is expanding its long-haul fibre network with a new Seattle-to-Minneapolis route designed to carry heavier artificial intelligence and cloud traffic across a growing northern US data corridor. The project, named NorthLine, is expected to be available by the end of 2026 and will initially support 100G and 400G wavelength services. The route is being positioned as a low-latency link between the Pacific Northwest and central […]

By Nitya Chakraborty Now that the U.S. President Donald Trump is back to Washington DC. After his two day summit talks in Beijing on May 14 and 15, it is appropriate to decode the gains of the summit. There were four major issues– Taiwan, Iran war, trade deals and facilitating more business for the American […]

The article Decoding Global Geopolitical Impact Of Trump-Xi Summit In Beijing appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Claude has overtaken ChatGPT in paid adoption among US businesses for the first time, marking a shift in the enterprise artificial intelligence market as companies move beyond experimentation and begin choosing tools for daily operations. Payments data covering more than 50,000 businesses showed Anthropic’s Claude products used by 34.4 per cent of firms in April, ahead of OpenAI’s ChatGPT and related services at 32.3 per cent. Overall […]

Jeff Fowler has signalled a major step forward for Sonic the Hedgehog 4, confirming that filming has wrapped and offering fans an early glimpse of Metal Sonic, the robotic rival whose arrival is expected to reshape the next chapter of Paramount’s fast-growing video game film franchise. The director, who has steered all three previous Sonic the Hedgehog films, marked the end of principal photography with a production […]

Arabian Post Staff -Dubai UAE media regulators have opened a nationwide awareness drive in Abu Dhabi to promote clearer standards for digital, broadcast and publishing content, placing influencers, creators and media professionals at the centre of a campaign designed to strengthen responsible communication across all emirates. The National Media Authority held the first session of the 2026 Media Content Standards Awareness Campaign at Al Mushrif Majlis in […]

Gunra ransomware has expanded from a relatively narrow Windows-focused threat into a structured cybercrime franchise, raising concern among security teams as its operators shift from a Conti-derived locker to their own Ransomware-as-a-Service model. The group, first observed in April 2025, initially drew attention after attacks on five companies in South Korea. Its early malware showed similarities to Conti, the once-dominant ransomware operation whose leaked source code reshaped […]

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Africa is losing about $5 billion a year to currency conversion costs, exposing a costly weakness in the continent’s ambition to build a seamless single market. A fresh assessment of cross-border trade barriers says limited currency convertibility remains one of the biggest obstacles facing businesses, traders and consumers across the continent. The cost arises because payments between African countries often pass through foreign currencies, mainly the dollar […]

Ethereum is entering a critical trading phase as BitMine Immersion Technologies pushes its corporate treasury close to 5 per cent of the network’s total supply, sharpening debate over whether concentrated accumulation can support prices or magnify volatility. The token was trading near $2,227 on Saturday, after slipping during the session from an intraday high above $2,310. The move kept ether above the $2,100 level watched by some […]

Seoul’s benchmark Kospi crossed 8,000 for the first time on Friday, powered by a surge in artificial intelligence-linked shares that has turned South Korea into one of the world’s strongest equity markets this year.

The Korea Composite Stock Price Index touched 8,001.40 in early trade at about 9.15am, extending a rally that has accelerated since early May as investors crowded into semiconductor, memory-chip and data-centre supply chain stocks. The move marked another symbolic milestone for a market that only passed 7,000 seven trading sessions earlier, reflecting the speed with which capital has moved into companies expected to benefit from the AI infrastructure boom.

Traders at Hana Bank’s dealing room in Seoul marked the 8,000-point breakthrough with a ceremony, underscoring the psychological importance of the level for domestic investors. Yet the celebration was tempered by sharp volatility later in the session, as profit-taking and foreign selling hit several of the same technology and auto counters that had led the advance.

Samsung Electronics and SK Hynix remain at the centre of the rally. The two chipmakers have benefited from global demand for high-bandwidth memory, advanced storage and server components used in artificial intelligence training and inference. SK Hynix has strengthened its position in high-bandwidth memory supplied to leading AI chip platforms, while Samsung has drawn renewed investor attention as it pushes to close the gap in next-generation memory products and expand foundry capacity.

The broader appeal of South Korean equities has also been reinforced by expectations that the country’s corporate governance reforms will improve shareholder returns. Measures aimed at narrowing the long-standing valuation discount on local shares, including stronger pressure for dividends, buybacks and more transparent capital allocation, have encouraged investors to look beyond chipmakers into financials, industrials and holding companies.

Market participants said the scale of the advance has created a difficult balance for policymakers and investors. Strong earnings momentum and the AI investment cycle provide support for valuations, but the pace of gains has left the Kospi vulnerable to sudden reversals whenever global technology sentiment weakens. Concerns over crowded positioning, high expectations for AI-related revenue and the concentration of gains in a small group of heavyweight stocks have grown more visible as the index moved through successive records.

The Kospi’s rise has unfolded against a favourable global backdrop. Wall Street’s major indices advanced overnight, led by technology shares, while investor confidence was helped by signs of diplomatic engagement between Washington and Beijing. South Korea’s export-driven economy remains closely tied to global electronics demand, making its equity market highly sensitive to sentiment around chips, cloud computing, smartphones and consumer electronics.

Foreign flows have played a decisive role. Overseas investors have treated Seoul as a liquid way to gain exposure to AI infrastructure without relying solely on US-listed software and chip-design companies. That has lifted trading volumes and strengthened the won at times, although the currency remains exposed to shifts in US interest-rate expectations and geopolitical risks in the Middle East.

Domestic retail investors have also returned to the market in force. The rapid climb has revived comparisons with earlier speculative cycles, but the current rally is more closely tied to corporate earnings upgrades in semiconductors and technology hardware. Brokerages have raised target prices for key chip stocks, citing memory pricing, AI server demand and stronger capital expenditure by global technology companies.

Still, risks are building. A sharp fall after the 8,000-point breach showed how quickly sentiment can turn when valuations look stretched. Heavy foreign selling, particularly in technology and auto shares, pointed to caution after months of gains. Analysts have warned that any slowdown in AI spending, weaker guidance from major US technology firms or delays in high-bandwidth memory certification could trigger further volatility.

A Bitcoin holder’s claim that Anthropic’s Claude helped unlock a college-era wallet containing 5 BTC has stirred fresh debate over artificial intelligence, digital forensics and the vast store of cryptocurrency believed to be stranded behind forgotten passwords. The pseudonymous user, posting on X, said access was regained after more than a decade of failed attempts to recover an old wallet created during college years. At current market […]

Kazakhstan has ordered artificial intelligence to be introduced across all secondary schools by 2029, setting a tight first deadline for the government to design a pilot project within 17 days as President Kassym-Jomart Tokayev pushes education reform deeper into the country’s digital transformation agenda. Tokayev signed the decree on May 12, directing the government to prepare concrete proposals by June 1 for an initial pilot in secondary […]

Dubai Culture and Arts Authority and the Roads and Transport Authority have opened applications for artists, designers and architects to transform more than 40 road tunnels across the emirate into public art landmarks, widening the city’s effort to embed culture into everyday urban movement. The Dubai Tunnels Initiative is inviting Emirati and UAE-based creative professionals to submit proposals from 11 May to 15 June 2026. The programme […]

Jurors in Oakland are set to begin deliberations on Monday in a closely watched trial over whether OpenAI’s leadership broke charitable-trust obligations as the maker of ChatGPT shifted from its nonprofit origins into a profit-seeking artificial intelligence powerhouse. The nine-person jury will consider claims brought by Elon Musk against OpenAI, chief executive Sam Altman and president Greg Brockman after three weeks of testimony that exposed deep divisions […]

Security teams are assessing two publicly released proof-of-concept exploits that target Windows BitLocker protections and privilege controls, widening concern over exposure on enterprise systems after Microsoft’s May security update cycle. The exploits, identified as YellowKey and GreenPlasma, were published by a security researcher using the online name Nightmare-Eclipse, also known as Chaotic Eclipse. Both flaws remain unpatched, with one focused on bypassing BitLocker drive protections and the […]

Dubai is positioning itself as a citywide stage for blockchain and Web3 activity as MENA Blockchain Week opens a decentralised programme designed to connect founders, investors, institutions, regulators and technology communities across multiple venues. MENA Blockchain Week, known as MENABCW, has been launched as a seven-day initiative running from 18 to 24 May 2026, with Dubai serving not as a single conference location but as the broader […]

Two vulnerabilities in the Avada Builder plugin have exposed around one million WordPress websites to attacks that could reveal sensitive files or extract database information, prompting urgent calls for administrators to update to the fully patched version 3.15.3. The flaws affect Avada Builder, also known as Fusion Builder, a widely used page-building plugin bundled with the Avada WordPress theme. The higher-rated issue, tracked as CVE-2026-4798, is an […]

A suspected China-linked hacking group attempted to breach the India operations of a global manufacturer using TencShell, a previously undocumented malware implant built from an open-source command-and-control framework and adapted for stealthy enterprise intrusion. The attempted compromise, detected in April 2026, centred on a third-party user connected to the manufacturer’s environment, underscoring the growing security risks created by supplier, contractor and partner access. The attack was blocked […]

Singapore will host the first stop of a new Sea and OpenAI Codex hackathon series across Asia Pacific, placing the city-state at the centre of a wider push to accelerate AI-native software development among experienced builders. The Sea x OpenAI Codex Hackathon is scheduled for 6 June 2026 and will bring together more than 150 developers, engineers and AI builders working in up to 40 teams. Participants […]

Votee AI and its Toronto-based research lab Beever AI have open-sourced Beever Atlas, a software platform designed to convert workplace conversations across Telegram, Discord, Mattermost, Microsoft Teams and Slack into a searchable, self-updating knowledge base.

The release places the Hong Kong-headquartered enterprise AI company in a fast-growing contest to solve one of the most persistent problems in digital workplaces: valuable decisions, project updates and technical context disappearing inside chat threads. Beever Atlas is being offered in an Apache 2.0 Open Source Edition for individuals and an Enterprise Edition aimed at banks, public-sector bodies and other organisations with strict security requirements.

The platform pulls chat histories into an AI pipeline that extracts facts, identifies people and projects, removes duplication and groups related information into topic pages. Its output is a structured wiki, a Neo4j knowledge graph and a memory layer that can be queried by AI assistants through the Model Context Protocol. The system is built to provide answers with citations back to source messages, a feature intended to reduce the risk of unsupported AI responses inside corporate knowledge systems.

Votee AI said Beever Atlas was developed as a team-oriented answer to the rising demand for “LLM knowledge bases”, where large language models draw on structured, evolving organisational memory rather than isolated documents or raw chat logs. The company has positioned the product as an alternative to conventional retrieval-augmented generation systems, arguing that distilling conversations into atomic facts and relationships before retrieval can produce more consistent answers than searching message snippets alone.

“Every growing organisation faces the same silent liability: conversational knowledge loss. Beever Atlas turns this perishable resource into a compounding organisational asset,” said Pak-Sun Ting, co-founder and chief executive of Votee AI.

The technical design reflects a broader shift in enterprise AI, where companies are moving from general-purpose chatbots towards systems that can preserve context, enforce permissions and connect with internal tools. Beever Atlas uses a dual-memory architecture, combining semantic search for meaning with graph-based reasoning for relationships between people, decisions and projects. Its documentation describes a six-stage pipeline covering synchronisation, extraction, validation, storage, clustering and wiki generation.

Jacky Chan, co-founder and chief technology officer of Votee AI, framed the product as a knowledge-engineering system rather than a search layer. “The key technical decision was to treat agent memory as a knowledge engineering problem, not a retrieval problem. Structure beats similarity — a typed graph of who works on what is more useful to an AI than vector search over a Slack archive,” he said.

Beever Atlas runs as a Docker stack and is designed for self-hosted deployment. The companies say the open-source version supports local or cloud-based large language models through LiteLLM, with users able to run models through Ollama or connect to external providers. The architecture includes Weaviate for vector storage, Neo4j for graph memory, MongoDB and Redis, alongside backend, bot and frontend services.

Security and sovereignty are central to the enterprise pitch. The paid edition is expected to add permission mirroring, identity controls, multi-tenancy and deployment options inside a customer’s own cloud perimeter. Permission mirroring is particularly important for organisations using AI over workplace communications, because a knowledge assistant that reads private HR, legal or boardroom channels could otherwise expose restricted information to unauthorised users.

The open-source release also reflects competitive pressure in the AI tooling market. Notion AI, Microsoft Copilot, Google Workspace AI features and open-source personal knowledge tools are all targeting workplace memory and document intelligence. Beever Atlas is trying to differentiate itself by starting with live chat rather than files, building wiki pages automatically and exposing memory to coding and agent tools through MCP. Planned integrations with OpenClaw and Hermes Agent are scheduled for the second quarter of 2026, while a managed cloud version is planned for the second half of the year.

Votee AI has sought to connect the launch to its wider sovereign AI infrastructure work. The company says it has operations in Hong Kong, Toronto, Ho Chi Minh City and Kuala Lumpur, with Beever AI serving as its dedicated research lab. Its earlier work includes Cantonese-language AI models and benchmark development, areas that have gained attention as governments and enterprises look for more regionally grounded AI systems.

Prime Minister Narendra Modi arrived in Abu Dhabi on Friday at the start of an official visit that placed energy security, defence cooperation and investment at the centre of one of India’s most closely watched Gulf partnerships.

UAE President Sheikh Mohamed bin Zayed Al Nahyan welcomed Modi on arrival, underscoring the personal diplomacy that has become a defining feature of ties between the two leaders. The visit opened the first leg of Modi’s five-nation tour, which is scheduled to include the Netherlands, Sweden, Norway and Italy between May 15 and 20.

The Abu Dhabi stop carries immediate strategic weight for New Delhi as energy markets remain exposed to geopolitical pressure and supply uncertainty. Discussions between the two sides were centred on long-term energy arrangements, petroleum reserves, liquefied petroleum gas supply and a wider defence framework, reflecting the broadening scope of a relationship once driven largely by trade, remittances and crude oil.

Agreements signed during the visit covered defence cooperation, petroleum reserve collaboration and LPG supply. The defence pact points to a gradual shift in the partnership towards security coordination, technology exchange and maritime stability, particularly as both countries seek to protect trade routes and energy flows across the Arabian Sea, the Gulf and the wider West Asia region.

Energy remains the strongest pillar of the relationship. The UAE is among India’s key suppliers of crude oil and gas, while Abu Dhabi’s state-linked energy companies have already taken part in India’s strategic petroleum reserve programme. New Delhi has been seeking to expand reserve capacity as part of a long-term effort to cushion the economy from global supply shocks, currency pressure and price spikes.

For Abu Dhabi, the visit fits a broader strategy of deepening ties with major Asian economies while positioning the UAE as an energy, finance, logistics and technology hub. The UAE’s investment push into ports, renewable energy, infrastructure, food corridors and financial services has increasingly aligned with India’s priorities in manufacturing, digital infrastructure and supply-chain diversification.

Bilateral trade has grown strongly since the Comprehensive Economic Partnership Agreement came into force in 2022. The pact reduced tariffs on a wide range of goods and helped accelerate commerce in gems and jewellery, petroleum products, food, metals, machinery and services. Both sides have set ambitious targets to lift non-oil trade, while businesses have expanded their use of rupee-dirham settlement mechanisms and cross-border payment links.

The partnership has also moved deeper into technology. Artificial intelligence, digital public infrastructure, data centres, financial technology and advanced computing have emerged as major areas of cooperation, especially after high-level exchanges earlier this year involving Sheikh Mohamed and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan. The proposed deployment of advanced computing infrastructure in India, with UAE-linked institutions and companies involved, has reinforced the technology dimension of the relationship.

People-to-people ties remain central to the diplomatic equation. The UAE hosts one of the largest overseas communities from India, with millions working across construction, services, health care, finance, aviation, education and technology. Their remittances and social links have long shaped the political warmth between the two countries, while improved consular services, labour welfare frameworks and easier travel arrangements remain important issues in bilateral engagement.

Modi’s Abu Dhabi visit also follows a sequence of symbolic gestures that have strengthened the public profile of the relationship. Sheikh Mohamed visited India in January this year, while senior members of Abu Dhabi and Dubai’s ruling families have taken part in major diplomatic and technology engagements. Modi’s 2024 visit to the UAE included the inauguration of the BAPS Hindu Mandir in Abu Dhabi, a project presented by both sides as a marker of tolerance and cultural connection.

Bitcoin traders are positioning for a possible push towards $90,000 after the CLARITY Act cleared a key Senate committee vote, giving digital asset markets their strongest regulatory signal from Washington this year. The largest cryptocurrency traded near $80,600 on Friday after briefly testing the $82,000 area, with market participants watching whether legislative momentum in the United States can extend a rally that has already lifted sentiment across […]

BEIJING, CHINA – Media OutReach Newswire – 15 May 2026 – From May 15 to 24, 2026, Beijing Chaoyang Park will host a unique cultural event — the first China New Cultural and Creative Market & Trendy Toy Carnival.

The first China New Cultural and Creative Market
The first China New Cultural and Creative Market

This is not a traditional exhibition, but an urban carnival that seamlessly blends popular IPs, intangible cultural heritage (ICH) crafts, immersive performances, and top-tier cultural and creative products from across China. The fair brings together high-quality creative cultural products, time-honored ICH brands, and trendy toy labels. Covering a total area of approximately 66,000 square meters, it features both indoor and outdoor zones. Centered around two main themes — “New Oriental Aesthetics” and “The Rise of Guochao (Chinese trendy culture)” — the event showcases over 10,000 creative products.

In the “Rise of Guochao” zone, leading Chinese trendy toy brands present immersive installations. 52TOYS brings the “Panda Roll Playful Panda Forest,” where dozens of lifelike, giant panda sculptures are scattered among the trees, creating perfect photo opportunities. Pop Mart hosts a special exhibition celebrating the 20th anniversary of its hit IP “MOLLY,” featuring a giant castle inflatable and vending machines for blind boxes. Also making its offline debut as a themed zone, “The Emoji Clinic,” the globally recognized emoji brand launches several exclusive items not yet available in stores.

The ICH section is equally impressive. Ten nationally recognized master artisans showcase their representative works at the “Oriental Showcase,” presenting ten traditional crafts, including filigree inlay, Hepu horn carving, polished lacquerware, Longquan celadon, and Shui ethnic group’s horsetail embroidery. Traditional ICH techniques are creatively combined with trendy toy designs — Peking silk figurines, cloisonné, and Beijing embroidery are integrated into modern doll clothing and accessories, giving birth to a unique Oriental trend aesthetic. Additionally, over 40 other ICH items — such as jade carving, cloisonné, Beijing embroidery, Miao embroidery, and carved lacquer — allow visitors to observe master artisans at work up close and participate in hands-on activities like seal carving, tie-dyeing, and clay sculpting.

Throughout the event, five major venues in Chaoyang Park will host over 100 performances, spanning street dance, traditional Chinese music, symphony, opera, and parades. The Shell Theater will present an ACG symphony concert and a symphony of Hong Kong film golden melodies. At the East Square of Chaoyang Planning Art Museum, the “New Oriental Aesthetics” pop-up stage will feature continuous performances of Jingxi Taiping Drum dance and classical umbrella dance. The East Square of Weibo IN will focus on trendy crossover acts, with breakdance battles and jazz quartets taking turns on stage.

And when night falls, even more intriguing adventures begin. A mecha parade weaves through the crowds — you might brush past Black Myth: Wukong and a troupe of mascots. On the Fangzhou Lake, lantern-lit flower boats set sail, their slow journey accompanied by ancient music and shimmering water, creating a moving Oriental painting. From daytime blind-box surprises to nighttime lantern-lit garden strolls, the park offers unexpected delights at every turn.

No tickets are required — just a sense of curiosity. Bring your camera, gather your friends, come to Beijing Chaoyang Park, become a “power player,” and join this immersive carnival of trendy toys and intangible cultural heritage.
Hashtag: #Chaoyang

The issuer is solely responsible for the content of this announcement.

Arabian Post Staff -Dubai Abu Dhabi’s Jassem Mohamed Bu Ataba Al Zaabi has moved from a largely behind-the-scenes fiscal role into the centre of global dealmaking, taking charge of L’IMAD Holding as the emirate reshapes its sovereign investment network and pushes deeper into infrastructure, technology, finance and strategic industries. Al Zaabi, long associated with the emirate’s Department of Finance and its investment oversight bodies, was named managing […]

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