AI technology

October 15, 2024 4:05 PM

AI enhances flood warnings but cannot erase risk of disaster

When floods ripped through parts of Europe in September, the scale of the destruction took people by surprise. The intense rains should not have, because those had been predicted by sophisticated forecasting systems enhanced with artificial intelligence. But forewarned did not mean forearmed. Though the rains were accurately predicted, the effects in the deluged areas were not - a fact that highlights the difficulties of dealing with ever more common extreme weather. AI has supercharged weathe...

September 5, 2024 4:18 PM

From Podcasts to AI: IGCF 2024 Explores the Future of Media and Communication

The 13th International Government Communication Forum, being held in Sharjah, is showcasing innovative approaches to prepare the next generation for an increasingly complex world. The event features a diverse range of speakers and workshops, blending cutting-edge technology with traditional wisdom. A highlight of the forum is the appearance of renowned adventurer Bear Grylls, who shared his journey from survivalist to successful entrepreneur. Grylls inspired attendees with tales of resilience a...

September 4, 2024 11:26 AM

Nvidia suffers record $279 billion loss in market value as Wall St drops

Shares of AI heavyweight Nvidia tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company, as investors softened their optimism about artificial intelligence in a broad market selloff following tepid economic data. Nvidia lost $279 billion in market capitalization, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains. The PHLX chip index plummeted 7.75%, its bigge...

June 13, 2024 1:43 PM

AI-powered Apple overtakes Microsoft as world’s most valuable company

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft's market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months. The stock surge comes as the tech-heavy Nasdaq hit a record high on fresh signs of ...