News
Abu Dhabi’s G42 Acquires $100 Million Share In ByteDance
The move comes as TikTok considers a separation from its parent company to address ongoing privacy concerns.
Thanks to substantial government investment, Abu Dhabi is rapidly emerging as a MENA tech hub, and with that, high-profile investments are taking place on a frequent basis. Abu Dhabi-based AI firm G42 continued the trend by recently acquiring a $100 million-plus stake in ByteDance, the Chinese parent company of TikTok.
G42 is led by the UAE’s Sheikh Tahnoon bin Zayed Al Nahyan, who acquired the stake from existing investors through the 42XFund.
Shortly after the move, another fund invested $225 billion to acquire ByteDance, a figure well off the company’s peak valuation of $460 billion back in 2021.
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It’s thought that G42’s investment was a nod to ByteDance’s long-term potential as the Chinese economy finally begins to rebound from endless pandemic restrictions. The growing enthusiasm for AI could also be part of renewed interest in ByteDance, as TikTok is acknowledged as pioneering algorithms a decade ago to get users hooked on videos and news.
News
Samsung Galaxy Ring Wearable Will Launch In Eight Sizes
A recent Korean report reveals the model numbers of the new health tracking device, as well as details of its key features.
The global launch of the Samsung Galaxy Ring is hotly anticipated, with details about the next-gen wearable gradually emerging since the company’s teaser announcement back in January. Now, a report has also unveiled the model numbers for the device, suggesting it will be available in eight different sizes.
While Samsung has yet to divulge detailed specs and features of the Galaxy Ring, it’s likely to feature an array of health and sleep monitoring functionalities, while boasting a battery life of up to nine days on a single charge.
As per a Galaxy Club report, there are currently eight confirmed variants of the Galaxy Ring: SM-Q500, SM-Q501, SM-Q502, SM-Q505, SM-Q506, SM-Q507, SM-Q508, and SM-Q509.
However, the mystery shrouding two absent model numbers persists, leaving speculation as to whether they signify additional sizes or if Samsung plans to unveil a later ninth variant of the ring, as previously hinted. There’s conjecture that these models may correspond to US ring sizes 5 and above, commencing with the SMQ500, with subsequent numbers potentially indicating larger ring sizes, possibly reaching up to size 13, aligning with model number SM-Q509.
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Recent Korean reports have shed light on how Samsung’s Mobile eXperience division (MX) collaborated with the Home Appliance department to integrate Samsung Food with the Galaxy Ring: Tailored for daily activity tracking, the Galaxy Ring, when paired with Samsung Food and an intelligent Samsung refrigerator featuring AI vision, delivers personalized dietary guidance based on calorie intake and BMI.
Samsung is banking on the user-friendly interface and high durability of the ring to redefine the healthcare wearables landscape. Meanwhile, Apple is also making strides in the development of a smart ring, aimed at monitoring users’ health biometrics discreetly when worn on the finger. According to the Electronic Times report, Apple has been closely monitoring market interest in this more inconspicuous alternative to a traditional watch.
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