Author: Doaa A. Moniem
The largest tech event in the region “Leap 2025” concluded its four-day most attended event in Riyadh in February. During the flagship event, bold investments; projects, and funds have been announced. The infographic below explains the key investments, projects and funds have been launched during the fourth edition of the event, Leap 2025, and their total amounts. This year’s round held under the theme “Into New Horizons” from 9th-12th of November with the participation of 1000 international speakers and tech experts, along with 1800 exhibitors and 680 startups. The LEAP 2025 event is one of the most prominent technology conferences…
The two-day Artificial Intelligence (AI) Summit concluded in Paris this week with major investments and funds were announced. However, the US and UK have refused to sign a declaration on inclusive and sustainable AI, shattering all hopes for a solid and bold vision for the future of AI usage and developments in the communities across world. China, India, France, Japan, Australia and Canada among 60 endorsers inked the declaration. With a major goal of pushing the AI industry forward, Paris hosted the summit that has focused on five key themes; Public Interest AI, Future of Work, Innovation and Culture, Trust…
Fawry, one of Egypt’s leading e-payments services providers, is set to provide money transfer services soon, CEO of Fawry Ashraf Sabry said on Wednesday. Sabry made his remarks during a press conference the company held to launch “Fawry Business”, offering innovative solutions for businesses of all types and sizes, mainly targeting small and medium-sized enterprises (SMEs). Sabry noted that Fawry is currently in talks with a wide range of companies in the local market in this respect. He also unveiled that the company has plans to expand in the Arab region markets, chiefly the UAE and Saudi markets through creating…
The fourth edition of the LEAP 2025 tech conference kicked off in Riyadh, Saudi Arabia. It is the largest global tech platform that brings together top experts and innovators in the technology field. The event runs from 9th to 12th of November, with participation from 18 countries, over 1,000 speakers and international tech experts, 1,800 exhibitors, and nearly 680 startups. The conference announced the largest package of tech launches and investments in the region, worth $14.9 billion, further cementing Saudi Arabia’s position as a regional hub for artificial intelligence, emerging and deep technologies, and cloud computing investments. The fourth edition…
Finastra has unveiled Assist.AI, an innovative AI-powered assistant designed to enhance trade finance operations within its Trade Innovation solution, the company announced in a statement on Monday. Developed using the Microsoft Azure OpenAI Service, Assist.AI aims to bridge the knowledge gap in the trade finance sector by providing users with instant, accurate, and context-aware assistance. The trade finance industry has been grappling with significant challenges, such as a declining knowledge base and a growing disparity between seasoned professionals and newcomers. Assist.AI addresses these issues by offering prompt-based assistance, enabling users to interact with the tool by submitting specific questions related…
Demis Hassabis, CEO of Google’s DeepMind, recently addressed the rising excitement surrounding DeepSeek’s new AI model, describing it as “impressive” but ultimately overhyped. Speaking at the AI Action Summit, being held in Paris, Hassabis acknowledged the significance of DeepSeek’s work but emphasized that it lacks any groundbreaking scientific advancements. In his remarks, Hassabis noted, “It’s an impressive piece of work… probably the best work I’ve seen come out of China.” However, he stressed that the model relies on established techniques, many of which were pioneered by his team at DeepMind. He referenced DeepMind’s Alpha Zero, a learning system that mastered…
Billionaire Elon Musk, a top advisor to re-elected President Donald Trump, has stated that he has no intention of acquiring the world-renowned social media platform TikTok.
Prominent Entrepreneur Mohamed Aboulnaga sets the potentials and challenges the entrepreneurship landscape in Egypt experience in 2025 and beyond.
Farid emphasized that FRA has issued several regulations and executive decisions to support entrepreneurship, innovation, and financial technology, creating a regulatory environment that supports all startups.
The model provides high performance on lower-powered devices.