Synthara, a Swiss semiconductor innovator, announced the successful closing of €10.5 million in funding through investments and European and Swiss grants to bring in-memory computing to the mass market. The round is led by Vsquared Ventures, with OTB Ventures, Hermann Hauser’s Onsight Ventures, Deep Tech Labs, along with existing investors such as High-Tech Gründerfonds, DeepIE,
Saudi Arabia’s National Semiconductor Hub strategy aims to attract 50 world-class chip design companies to the kingdom in less than six years by providing them access to a 1-billion-riyals ($266.5 million) technology fund, supported by deep tech venture capital firms. The announcement was made on the first day of the Future of Semiconductors Forum 2024,
A top leadership thinker of the world has launched his twin artificial intelligence bot at the 8th Annual ATD Middle East Conference and Exhibition in Abu Dhabi. As a much sought-after thought leader acknowledged by leading global business and management institutions and bestselling author of more than 30 books on leadership, Dr. Marshall Goldsmithhas conceived
A group of current and former employees at artificial intelligence (AI) companies, including Microsoft-backed OpenAI and Alphabet’s Google DeepMind have raised concerns about risks posed by the emerging technology. An open letter by a group of 11 current and former employees of OpenAI and one current and another former employee with Google DeepMind said the
Tech giant Google has said that it will invest $2 billion in Malaysia, with part of the funds going toward building its first data centre and cloud region in the country, as the demand for AI and cloud services rises. “This investment builds on our partnership with the Government of Malaysia to advance its ‘Cloud
China has landed an uncrewed spacecraft on the far side of the moon, overcoming a key hurdle in its landmark mission to retrieve the world’s first rock and soil samples from the dark lunar hemisphere. The landing elevates China’s space power status in a global rush to the moon, where countries including the United States
Apple plans to open its first store in Malaysia next month, the company has said, underscoring a bigger push into the Asia region beyond China. The store will be located at The Exchange TRX mall in the Malaysian capital of Kuala Lumpur. It will open on June 22 at 10 am local time, Apple said.
Saudi Arabia’s Prince Alwaleed Bin Talal and Kingdom Holding Company (KHC) have doubled down on Elon Musk, emerging as backers of the tech billionaire’s start-up, xAI. In a blog post on the official xAI website, names of key investors included the chairman of KHC, along with the company, which is listed on the Saudi stock
Luna Systems, a specialist in AI-powered safety solutions for micromobility, has announced a crowdfunding campaign for what it claims is a groundbreaking product. Launching on June 5, Luna Oculus consists of a compact, rear-mounted camera that seamlessly connects to a smartphone app. The system functions as an AI-powered “rear view mirror”, alerting riders when rear
China has set up its third planned state-backed investment fund to boost its semiconductor industry, with a registered capital of 344 billion yuan ($47.5 billion), according to a filing with a government-run companies registry. The hundreds of billions of yuan invested in the sector is part of President Xi Jinping’s drive to achieve self-sufficiency for
