AI

Business

Recursion Enters into Agreements to Acquire Cyclica and Valence to Bolster Chemistry and Generative AI Capabilities

Middle East News 247 10/05/2023

SALT LAKE CITY and TORONTO and MONTRÉAL — Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced it has signed agreements to acquire two companies in the AI-enabled drug discovery

NEWS DESK

Alef Education Showcases AI-Powered Digital Learning Solutions at the 2023 Education World Forum

News Desk 2 09/05/2023

May 9, 2023: Alef Education, the UAE-based global EdTech provider, participates in The Education World Forum (EWF) in London, United Kingdom, showcasing innovative technology solutions to transform the EdTech sector. The company is a Silver partner of the event, which will take place from May 7–10, 2023. Under the theme of New Beginnings: Nurturing Learning […]

Business

VigiPay of Nigeria Selects ThetaRay AI Solution for AML Monitoring

Middle East News 247 01/05/2023

LAGOS, Nigeria & NEW YORK & TEL AVIV, Israel —VigiPay, a Nigerian fintech providing digital payment services, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to protect VigiPay’s growing business against money laundering, sanctions violations, and other financial crime risks. Through the

Business

Bidgely Partners with Moro Hub to Deliver AI-Powered Energy Insights for Enhanced Customer Engagement

Middle East News 247 03/04/2023

DUBAI, United Arab Emirates & LOS ALTOS, Calif. — Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC) has signed an agreement with Bidgely that aims to accelerate a clean energy future by enabling utilities and consumers to make data-driven energy decisions. The agreement was signed between Mr. Mohammad

Tech

Freshworks Embeds Generative AI to Help Customer Support

News Desk 2 23/03/2023

Dubai, UAE – March 2023 – Freshworks Inc. (NASDAQ: FRSH) today announced new GPT-based conversational enhancements to Freshworks’ natively-built AI powered assistant, Freddy. Using OpenAI’s ChatGPT and underlying large language models, the latest generative AI capabilities of Freddy help a wide range of customer-facing professionals work faster, smarter, and more

NEWS DESK

Jedox Creates ChatGPT Integration

News Desk 2 23/03/2023

Jedox, an award-winning provider of Enterprise Performance Management (EPM) solutions for Financial Planning and Analysis (FP&A), has created a ChatGPT integration model that enables finance, sales, HR, marketing, supply chain, and environmental, social, and governance (ESG) teams to experiment with generative AI in their integrated business planning (IBP)

NEWS DESK

Emirates Development Bank awarded ‘Best Customer Experience Digital Platform’

News Desk 2 20/03/2023

Abu Dhabi, UAE: 20 March 2023 – Emirates Development Bank, a key financial engine for the economic development and industrial advancement of the UAE is pleased to have received the ‘Best Customer Experience Digital Platform’ award in recognition of its digital ‘Business Banking’ app at the Middle East Banking AI & Analytics Summit. As part […]

NEWS DESK GCC Saudi Arabia

Humanitarian Forum In Riyadh Promotes Innovation, AI Usage In Disaster Response

News Editor 09/03/2023 0

At the heart of the Riyadh International Humanitarian Forum was the need to reduce funding gaps in humanitarian aid and use science and innovation for quicker response and coordination. This third forum was put together by the United Nations and its humanitarian groups with help from the King Salman Center for Relief and Humanitarian Aid. The event took […]

Business

Regtech accelerating the adoption of artificial intelligence by the financial institutions

Middle East News 247 08/03/2023

Dubai, United Arab Emirates — Regtech helps financial and non-financial institutions by leveraging AI to reduce the time spent on investigations and the FTE required for the investigations of financial crimes. This sentiment was commonly echoed by the panel speakers of 6th MENA Regtech: Mr. Muhammad Shahid Farid, Head of AML/CFT and Sanctions, The Commercial […]

Business

Top 5 AI Stocks 2023

Middle East News 247 20/02/2023

Dubai, United Arab Emirates — Artificial intelligence (AI) has recently become a ground-breaking phenomenon, and is expected to excel amid rapid technology acceleration, giving rise to companies striving towards achieving digital supremacy. Here are 5 AI stocks which, according to Tradematics, are set to attract the spotlight: 1- Microsoft (NASDAQ: MSFT) Software giant