Arabian Post Staff -Dubai Abu Dhabi’s ADNOC has agreed with OpenAI and technology group G42 to deploy advanced artificial intelligence across its energy business, becoming the first company in the sector to adopt OpenAI’s Frontier platform. The multi-year partnership was announced on Monday at the ADIPEC energy conference as OpenAI chief executive Sam Altman visited Abu Dhabi and met Crown Prince Sheikh Khaled bin Mohamed bin Zayed […]
Arabian Post Staff -Dubai French natural hydrogen explorer Mantle8 has obtained exclusive rights to negotiate an exploration agreement for Block 7 in Ras Al Khaimah, clearing the way for the emirate’s first dedicated geophysical survey of naturally occurring hydrogen. The arrangement with the Ras Al Khaimah Department of Energy allows the Grenoble-based company to begin a non-invasive investigation of the block’s underground geology before any decision on […]
General Motors has agreed to pay $220 million to settle allegations that it improperly collected and sold motorists’ driving behaviour and location data to commercial brokers, allowing insurance companies to use the information when determining premiums. The agreement, announced on October 29, involves a bipartisan coalition of attorneys general representing 35 US states and the District of Columbia. It requires the Detroit-based carmaker to obtain explicit consumer […]
Iranian missile and drone strikes against American military installations across the Middle East initially concentrated on early-warning radars and air-defence systems before expanding to aircraft, warehouses and troop accommodation, exposing extensive damage to Washington’s regional military infrastructure. Satellite imagery and assessments of battlefield damage establish that more than 115 strikes claimed by Iran or Iranian-backed militias damaged or destroyed structures at 26 military bases and other facilities […]
Arabian Post Staff -Dubai Gulf governments are pressing for a diplomatic settlement with Iran amid fears that renewed US-Israeli attacks could trigger a wider and more destructive regional war. Anwar Gargash, diplomatic adviser to UAE President Sheikh Mohamed bin Zayed Al Nahyan, told the IISS Manama Dialogue in Bahrain on Sunday that Gulf countries were seeking a negotiated escape from a confrontation they had tried to prevent. […]
Visa and Senegal’s Ministry of Telecommunications and Digital Affairs have signed a two-year cooperation agreement aimed at developing digital payments, improving public services and strengthening financial inclusion across the West African country. The memorandum of understanding, announced on Friday, establishes a framework for collaboration covering financial innovation, cybersecurity and regulatory issues. Both sides will examine potential payment applications linking government agencies and citizens, although no specific platform, […]
Britain has defended public backing for Rolls-Royce’s return to the narrowbody aircraft engine market, arguing that international competition and the need to protect aerospace employment justify government involvement despite the manufacturer’s strong profits. Industry Minister Blair McDougall said on Friday that governments had traditionally shared the risks associated with developing aircraft engines. His comments followed an agreement between Rolls-Royce and the government on a proposed £2.5 billion […]
By K Raveendran The conditions are all ripe for the Supreme Court of India to take a position similar to the doctrine of the ‘basic structure’ of the Constitution. Luckily, the court has before it a case that will warrant such an approach without being blamed for judicial activism. For, the crisis confronting the Election […]
The article Supreme Court Must Apply ‘Basic Structure’ Doctrine To Election Commission Row appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).
OpenAI chief executive Sam Altman met senior Samsung executives in South Korea on Saturday as the companies pursue cooperation on artificial intelligence infrastructure amid mounting pressure on global memory chip supplies. Samsung said approximately 50 executives from its electronics, financial services and biotechnology businesses attended the meeting at its human resources development centre in Yongin, south of Seoul. The discussions focused on how artificial intelligence could transform […]
Oil prices finished October with a fourth consecutive monthly gain as an attack on a tanker in the Strait of Hormuz and renewed threats to Saudi energy infrastructure heightened fears of further disruption to Middle East supplies. Brent crude futures for December settled on Friday at $117.64 a barrel, up 2.4 per cent, while US West Texas Intermediate crude closed at $104.12, gaining 2.08 per cent. Brent […]
QuantumCompute Solutions indirectly owns approximately 85.94% equity interest in Shanghai Tianjing Fulian. Shanghai Tiangjing Fulian is also 5.56%-owned by Foxconn Industrial Internet, the shares of which are listed on the Shanghai Stock Exchange (stock code: 601138.SH). The Shanghai Tianjing Fulian Group is principally engaged in the design and development of AI SoC products and integrated solutions, with a particular focus on low-power, cost-effective AI computing and edge computing applications. Through its chip design capabilities and comprehensive technology solutions, the Shanghai Tianjing Fulian Group has established a solid technological foundation in AI inference and edge-side computing infrastructure. The Shanghai Tianjing Fulian Group is an officially authorised independent chip design house for MediaTek Inc., a leading global semiconductor company.
The Directors believe that the Acquisition will enable the Group to expand its business scope from its existing fintech and computing power services into AI chip design and edge computing infrastructure, thereby strengthening its technology capabilities and building a comprehensive ecosystem encompassing computer infrastructure, AI chips and AI application solutions. This strategic expansion aligns with strong growth in the AI semiconductor, edge computing, and digital infrastructure sectors, driven by rising demand for low-latency, real-time AI solutions as well as supportive government policies promoting semiconductor innovation and digital infrastructure investment.
The Group has appointed Dr. Tang Tianshen as its chief strategic consultant to advise on the the strategic development and operations of the Group’s fintech-related businesses. Dr. Tang holds a doctorate in electronic engineering from Texas A&M University and possesses extensive expertise spanning academic research, advanced chip design, and executive leadership in the semiconductor industry. Dr. Tang has served in senior roles of various leading technology companies, including Intel, Shanghai Hua Hong and SMIC.
The Board considers that the transaction represents an opportunity to acquire immediate access to AI chip design capabilities, specialised technical talent, established technology assets, and growth opportunities in the AI industry. Compared with developing such capabilities internally, the Acquisition is expected to accelerate the Group’s entry into the AI semiconductor and edge computing sectors, shorten development time, and strengthen its competitive position in the evolving digital economy. In the long term, the Acquisition is expected to support the establishment of an ecosystem covering computing infrastructure, AI chips, and AI application solutions, creating sustainable growth drivers and delivering long-term value to shareholders.
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India Blockchain Week 2026 will bring cryptocurrency executives, financial regulators and technology developers to Mumbai on November 1 and 2, with institutional adoption of blockchain and digital assets occupying a prominent place on the conference agenda. The fourth edition, organised by Web3 investment firm Hashed Emergent, will take place at Fairmont Mumbai. It marks the event’s first move to the financial centre after three editions in Bengaluru, […]
Arabian Post Staff -Dubai The United Arab Emirates and Canada have signed a Comprehensive Economic Partnership Agreement to lower trade barriers and encourage bilateral investment. The agreement was signed in Ottawa on 27 October by UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi and Canada’s Minister of International Trade Maninder Sidhu. Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and […]
DoorDash has agreed to acquire Instacart for approximately $17 billion, combining the largest US restaurant delivery platform with a leading online grocery marketplace in one of the sector’s biggest transactions. The companies announced the cash-and-share agreement on Thursday, valuing Instacart, formally Maplebear Inc, at $65 a share. That represents a 26% premium to its closing share price on 22 October, before speculation about a possible sale emerged. […]
Alipay has rejected claims that its payment network supports cryptocurrency trading after decentralised marketplace Peer introduced a service allowing customers to exchange Chinese yuan for the dollar-linked stablecoin USDC. The Chinese payments company said on 28 October that it neither supports virtual currency transactions nor authorises third-party platforms to offer cryptocurrency purchases through its services. It warned customers to safeguard their money and accounts when encountering such […]
