Aishe News

In a breathtaking turn of events, the Gulf states are taking the heart of the technology world by storm. With dizzying sums from their bulging sovereign wealth funds, they are catapulting themselves to the forefront of the AI revolution and making even tech giants like Microsoft green with envy.     how oil-rich Gulf states are pumping billions into future technologies and competing with tech giants. The gold rush of the 21st century Forget oil - the new black gold is called artificial intelligence. Saudi Arabia, the United Arab Emirates, Kuwait and Qatar have recognized this and are putting everything on one card. Last year, their investments in AI companies literally exploded, increasing fivefold. The newly founded AI fund MGX from the Emirates is now even getting involved in the shooting star OpenAI. With a colossal valuation of 150 billion dollars, OpenAI is becoming the object of desire for investors from the desert.     David against Goliath? No way! W...

As Prices Race Ahead Here, Desolation Grips China While most nations of the world grapple with soaring inflation rates, China finds itself in the grip of an opposite menace - plummeting prices. This unexpected descent fuels fears of a downward spiral that could spell doom not only for domestic industries but also for foreign enterprises. A glaring example is the automotive sector. Volkswagen, a global giant, delivered a staggering 12.5% more cars to buyers in the first half of the year compared to the same period last year. Yet, paradoxically, in China, a region where the company now garners over a third of its sales, sales figures took a nosedive. BMW and Mercedes-Benz managed to increase their sales in the Middle Kingdom, but the growth pales in comparison to other markets. BMW's quarterly report grimly acknowledges, "Consumer hesitancy is taking its toll." This hesitancy pervades various sectors, breeding multifaceted problems. In June, China witnessed a striking in...

Preview of Wednesday (26.07.2023): Yawning boredom or wild surprises? The US Dollar is keeping us all in suspense as we await Interest Rates Wednesday! The Federal Reserve has announced a 25 basis points increase in interest rates on Wednesday. However, instead of the financial world vibrating with excitement, the dollar seems to be still asleep. Perhaps it has decided on a Wednesday snooze, who knows! Nevertheless, some brave investors can't resist and have already placed their bets against the dollar. As if they think the dollar could be an egg hitting the floor during breakfast - inevitable! Yet, the truth is, the dollar is still waiting to see what the future holds. The sluggish US inflation plays the leading role in this financial drama. Money managers are wondering if they need to prepare for a sensation or if the dollar will just keep dozing. Pension funds, insurers, and mutual funds haven't quite made up their minds about getting in on the interest rate game. Some s...

A Journey of Numbers, Algorithms, and a Dash of Pallets A mind-boggling projection; the global artificial intelligence (AI) in oil & gas market is set to skyrocket to a staggering $7,942.1 million by 2032! It's like witnessing the discovery of a hidden oil reserve, but instead, it's the untapped potential of AI revolutionizing the industry. The Astonishing Rise of AI in Oil & Gas Why is this happening, you may wonder? Hold on tight as we take you on a thrilling adventure through the realm of AI and oil & gas. The driving force behind this seismic shift is the desperate need to cut production and maintenance costs. Let's face it, who doesn't want to save a few bucks and make the financial wizards happy? Additionally, the industry is eager to raise safety and security standards, ensuring smooth operations and preventing any mishaps that might leave us all in deep water. But wait, there's more to this story! The oil & gas sector has caught a serious cas...

Stanford University’s AI Index Report 2023: The Current State of AI Research Stanford University’s AI Index Report 2023: The Current State of AI Research Artificial intelligence (AI) used to be an exciting field of research, but now it has become primarily a money-making field for those who already have a lot of it. This is one of the key takeaways from Stanford University's AI Index Report 2023, which was recently published. The report provides a comprehensive overview of the state of AI research and its impact on society. One of the key findings of the report is that up until 2014, most of the major machine learning models were developed by public research institutions. However, the tech industry has now taken over the field, with 32 out of 35 major machine learning models released last year being developed by companies. This has led to a renewed concentration of power among tech companies, which have the resources required to develop state-of-the-art AI systems, such as supercom...