News

World’s Most Advanced Robot Joins Museum Of The Future

The robot, named Ameca, will help guide and interact with museum visitors.

Published

2 years ago

October 12, 2022

world's most advanced robot joins museum of the future

An AI-powered humanoid robot named Ameca has just joined the team of human employees at the Museum of the Future in Dubai. The advanced robot won’t simply issue clunky voice greetings, but will use advanced AI systems to interact with museum visitors.

Engineering Arts are responsible for the eerily humanlike employee, and they claim it’s the most advanced of its type in the entire world. The robot, named Ameca, is able to make different facial expressions, as well as answer questions and greet guests at the Tomorrow Today exhibition in Dubai’s Museum of the Future.

“Human-like artificial intelligence needs a human-like artificial body. Smooth, lifelike motion and advanced facial expression capabilities mean Ameca can strike an instant rapport with anybody. Ameca is the perfect platform to develop interaction between us humans and any metaverse or digital realm,” posts Engineered Arts on its website.

Also Read: Aramex Has Successfully Tested Drone Deliveries In Oman

The Tomorrow Today exhibition is one of several experiences at the museum designed to explore how technology can shape and advance humanity’s future for the better. The exhibition focuses on solving environmental challenges, using more than 50 exhibits across five distinct themes of waste management, environment, food, security, agriculture, and city planning.

News

Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

Published

8 hours ago

April 19, 2024

Nour Nasir

binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.