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Business

Aramex Introduces Electric Bikes for UAE Deliveries

Aramex has introduced a squadron of electric motorcycles as part of its last-mile delivery service in the UAE, aligning with its objective of achieving a 98 percent electric vehicle (EV) fleet by 2030, in line with the Science Based Targets Initiative (SBTi). The company is also dedicated to diminishing greenhouse gas emissions in the final stages of logistics and has invested in eco-friendly logistics solutions, including drones, to meet these targets.

Artificial Intelligence

Mukesh Ambani’s Hanooman: India’s Potential Answer to ChatGPT

Indian tycoon Mukesh Ambani, the visionary behind Reliance Industries, has spearheaded India’s entry into the competitive AI arena. Through his entity Seetha Mahalaxmi Healthcare (SML), in partnership with esteemed institutions like IIT Bombay and eight other Indian Institutes of Technology, Ambani has launched “Hanooman,” a suite of extensive language models (LLMs) meticulously trained on 22 Indian languages. The ambitious “BharatGPT” initiative aims to democratise AI by overcoming linguistic barriers and making it accessible to India’s diverse user base.

Business

Abu Dhabi Sees 67% Yearly Surge in AI Company Registrations

A recent study from the Business & Economics Intelligence Sector at the Abu Dhabi Chamber of Commerce and Industry has revealed that the number of AI companies registering in Abu Dhabi has experienced a robust compound annual growth rate of 67% between 2021 and 2023. This significant uptick in company registrations further cements Abu Dhabi’s stature as a key global player in the AI industry.

Business

IHC Abu Dhabi Appoints First AI-Powered Board Member in the GCC

Abu Dhabi’s International Holding Company (IHC) has appointed an artificial intelligence (AI)-enhanced observer to its board of directors, marking a groundbreaking move for the $239B (AED 876B) conglomerate in integrating AI into corporate governance and decision-making.