News

AE Coin Launch Imminent After Gaining CBUAE Approval

Pegged to the UAE Dirham, the UAE’s first stablecoin is set to revolutionize digital payments while offering secure, efficient transactions.

Published

1 day ago

December 10, 2024

Nour Nasir

ae coin launch imminent after gaining cbuae approval

AE Coin, the UAE’s first stablecoin, has officially received a license and go-ahead to launch from the Central Bank of the UAE (CBUAE). The news signals a major step in the region’s digital transformation and the UAE government’s vision for financial innovation.

Developed under the CBUAE’s digital payment token framework, AE Coin aims to reshape financial services with the promise of faster, secure and more cost-efficient transactions. The stablecoin is designed to merge traditional fiat currencies with the efficiency of blockchain, with each AE Coin pegged 1:1 with the UAE Dirham, ensuring stability and trust. Its goal goes beyond streamlining financial transactions to creating an inclusive financial ecosystem for both individuals and businesses.

With blockchain as its backbone, AE Coin offers transparency and efficiency without compromising reliability. Its potential spans various industries, from e-commerce to remittances and decentralized finance (DeFi). By empowering financial inclusion and fostering innovation, the coin’s creators hope it will become a key part of the UAE’s push for a future-ready digital economy.

Ramez Rafeek, General Manager of AE Coin, highlighted the transformative power of the project:

“AE Coin harnesses the speed and efficiency of blockchain technology […] simplifying transfers, making them faster and more seamless. In a rapidly evolving digital world, AE Coin sets a new standard for trust, security, and innovation in digital currency”.

Also Read: Jordan’s $45M Push To Boost E-Government & Digital Economy

AE Coin’s ongoing strategy includes forging partnerships with financial institutions, payment gateways, and tech firms to drive adoption rates. Future initiatives also aim to integrate AE Coin with decentralized applications, secure listings on prominent cryptocurrency exchanges, and continually enhance its cutting-edge technology.

Related Topics:AE Coin Cryptocurrency United Arab Emirates

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OpenAI’s Sora Video AI Is Now Available Globally

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OpenAI’s Sora Video AI Is Now Available Globally

The new video generation model was released yesterday, and is now available for ChatGPT Plus and Pro subscribers.

Published

1 day ago

December 10, 2024

Nour Nasir

OpenAI

After months of anticipation, OpenAI’s video generation model, Sora, has officially launched for public use. Announced yesterday (Monday, December 10) the tool is accessible to ChatGPT Plus and Pro subscribers in the US and “most other countries” where OpenAI’s chatbot operates. For those eligible, Sora will be available for use starting later today.

The version being released, Sora Turbo, is a step up from the early preview showcased in February. OpenAI highlights its improved speed, though it still has its quirks. The company warns that the AI can struggle with “unrealistic physics” and managing intricate actions over extended durations.

When users visit the Sora landing page, they’ll find a feed of videos generated by other users. Each video includes the original prompt, giving you insights into how the footage was created. From there, you can choose to remix the content, incorporate it into your own project, or re-cut it entirely.

Currently, Sora’s video capabilities are capped at 1080p resolution and a maximum length of 20 seconds. While these limits may feel restrictive to some, they’re in place as OpenAI continues refining the model.

Every Sora video comes with a visible watermark and embedded C2PA metadata, making it easier to verify authenticity. OpenAI is taking a firm stance on safety, prohibiting the creation of criminal content and deepfakes.

Also Read: Top Free AI Chatbots Available In The Middle East

Even if you don’t have a ChatGPT subscription, you can still browse Sora’s website to view content others have created. OpenAI CEO Sam Altman shared during a livestream that Sora’s release in Europe and the UK might take some time due to region-specific regulatory considerations.

Plans And Pricing

ChatGPT Plus subscribers can create up to 50 videos per month at 480p resolution. Alternatively, they can produce fewer, shorter clips in 720p. The Pro plan, on the other hand, offers significantly greater flexibility, including 10 times the usage limits and the ability to generate higher-quality videos of longer durations. OpenAI has also teased that customized pricing for various user needs will roll out early next year.