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Dubai Plans 100,000 Square Foot AI & Web 3.0 Campus

The initiative will bring $300 million in investment and create more than 3,000 jobs over the next five years.

Published

10 months ago

June 20, 2023

dubai plans 100,000 square foot ai and web 3.0 campus

On Monday, Dubai International Financial Centre (DIFC) announced plans to create the largest cluster of artificial intelligence companies and tech startups in the MENA region. The initiative will be known as the “Dubai AI & Web 3.0 Campus” and has been given the go-ahead through directives by the First Deputy Ruler of Dubai, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, who also acts as Deputy Prime Minister and Minister of Finance for the UAE, and President of the DIFC.

Over the next five years, the Dubai AI & Web 3.0 Campus will expand to over 100,000 square feet and become a haven for entrepreneurs, tech disruptors, developers, and anyone passionate about emerging technologies. The campus will be constructed with a world-class digital infrastructure while including R&D facilities, shared workspaces, and giving access to accelerator programs to build and scale AI companies.

Governor of the DIFC, Essa Kazim, was enthusiastic about the recent announcement, noting that: “DIFC’s 2030 strategy is central to shaping the future of finance and innovation. AI is expected to inject Dh103 billion into the UAE economy by 2035 and contribute 14 percent to the country’s GDP by the decade’s end. The Dubai AI & Web 3.0 Campus will significantly contribute to this growth as a global nexus for R&D, investment, and innovation by attracting over $300 million in collective funds, 500+ global AI and Web 3.0 startups, and creating 3000+ jobs by 2028”.

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Investors and government officials hope the new initiative will catalyze local growth, attracting global startups, innovators, and industry leaders to the site and establishing a thriving local tech industry.

By seamlessly integrating physical and virtual infrastructures, the Dubai AI & Web 3.0 Campus could eventually become a preferred headquarters for leading Web 3.0 and AI companies and venture capitalists operating in the MENA region.

Related Topics:Artificial Intelligence Dubai Web3

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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.

Published

2 days ago

April 25, 2024

Nour Nasir

samsung galaxy ring wearable will launch in eight sizes

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.