Browsing: Technology

In strategic partnership with Abu Dhabi Growth Fund (ADG), G42, the leading UAE-based AI and cloud computing technology company, launched a $10 billion global technology growth fund. G42 will manage the Fund, which will invest in late-stage growth companies with disruptive technologies and strong business fundamentals in order to accelerate global innovation. As a private equity investor, G42 Expansion Fund will invest primarily in high-growth regions. The G42 Expansion Fund will leverage its operational assets and ecosystem of operating companies to accelerate value creation across its portfolio of investments. As a result of its investment priorities, the Fund will focus…

As part of preparations to introduce 5G cellular technology services, the Telecommunications Regulatory Commission (TRC) of Jordan signed an agreement with Jordan’s mobile telecom companies (Orange, Umniah) in the presence of Ahmed Hanandeh, Minister of Digital Economy and Entrepreneurship. A key pillar of Jordan’s infrastructure for information and communication technology (ICT) is 5G technology services, according to Hanandeh, who spoke at the signing ceremony. According to the recently announced Economic Modernization Vision, 5G technology services will serve as an invaluable part of the country’s infrastructure for information and communications technology (ICT). He noted that 5G networks have proven to be…

Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, raised $10 billion in its first bond offering on Tuesday. The technology giant plans to use the raised capital to revamp its business and fund share buybacks. Several expensive initiatives, including its virtual reality metaverse, will also be funded with the proceeds of the bond sale. It joins the league of technology companies such as Apple Inc. and Intel Corp., which recently raised funds from the debt market. A $5.5 billion bond deal was announced earlier this month by iPhone maker Apple Inc to fund dividends and buybacks. Moreover, Intel…

For the next six months, the Indian government, led by Prime Minister Narendra Modi, is offering free use of the Indigenous 5G Test Bed to government-recognized startups and MSMEs. The decision has been taken with an aim of boosting the 5G ecosystem in India and achieving the objectives of Make in India and Aatmanirbhar Bharat. All other stakeholders can utilize the facility at a very nominal rate. The Department of Telecommunications has urged all parties involved in the development and deployment of 5G technology, including industry, academia, service providers, government bodies, and equipment manufacturers, to take advantage of the 5G…

A short-term course called Drone Service Technician has been introduced by the Indian Government under Prime Minister Narendra Modi in 126 Industrial Training Institutes nationwide. The program has been launched in 19 states for the 2022-23 academic year. The Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar stated in a written reply to the Lok Sabha that the drone sector would be an example of significant growth in innovation and start-ups since 2014 when PM Modi took office. As stated by Minister Chandrasekhar, six short-term skilling courses have been developed to meet the needs of the drone industry…

The Korean space agency has launched a lunar probe for the first time in the country’s history, the German Press Agency (dpa) reported. SpaceX’s Falcon-9 rocket, carrying the Korea Pathfinder Lunar Orbiter (KPLO), launched from Cape Canaveral, Florida, at 2308 GMT on Thursday. Data will be collected on the surface of the moon by the 678-kilogram spacecraft, which is designed to orbit the moon for one year at a time. There are six different instruments included in the kit that can be used to conduct water and elemental surveys. Several South Korean institutes and NASA’s National Aeronautics and Space Administration…

Vivo India’s 40 locations were searched by the Enforcement Directorate of India (ED), and the state agency revealed details about the investigation. China received nearly $8 billion from the company, according to an official ED press release. During the investigation, the ED seized 119 bank accounts with $58 million, two kilograms of gold bars, $8.3 million in FDs and about $100,000 in cash. In its statement, the Enforcement Directorate revealed that about half of Vivo India’s sales were funneled to China. It was done in order to disclose huge losses in Indian-incorporated companies and to avoid paying taxes. The Vivo…

A NASA report describes the first full-color image from the James Webb space telescope as the deepest and sharpest infrared image ever taken. It shows the galaxy cluster SMACS 0723 as it appeared 4.6 billion years ago in a deep field composite image, according to the US space agency. In a preview event at the White House, President Joe Biden and Vice President Kamala Harris released the first of a set of images. Tuesday will bring the release of the remaining full-color images taken by the telescope. Representatives from various space agencies were responsible for selecting them. According to a…

Now customers can order the all-new MacBook Air with M2. The device features a new, strikingly thin design, a larger 13.6-inch Liquid Retina display, a 1080p HD camera, and MagSafe charging. On Friday, July 15, customers worldwide will receive the redesigned MacBook Air with M2. All-new MacBook Air features the all-new M2 chip, enhanced performance, a stunningly thin design, a larger 13.6-inch Liquid Retina display with 1080p FaceTime HD, a four-speaker sound system, and up to 18 hours of battery life1. Starting at $1,199 (US) and $1,099 (US) for education, MacBook Air with M2 is available in four gorgeous finishes…

Apple today introduced a completely redesigned MacBook Air and an updated 13-inch MacBook Pro, both powered by the new M2 chip which takes the breakthrough performance and capabilities of M1 even further. MacBook Air takes everything users love about the world’s best-selling laptop to the next level. With an all-new, strikingly thin design and even more performance, MacBook Air also features a larger 13.6-inch Liquid Retina display, a 1080p FaceTime HD camera, four-speaker sound system, up to 18 hours of battery life, and MagSafe charging. It is now available in four finishes silver, space gray, midnight, and starlight. M2 also…