ABU | Jotup

Magnati collaborates with TerraPay to revolutionise cross-border payments

Retrieved on:

Thursday, November 9, 2023

MTN, Growth, ABU, Tourism, PESA, Cryptocurrency, Bharti Airtel

Over-time, with more than 50,000 payment terminals accepting TerraPay-powered wallets in Africa, Magnati will drive innovation in the payments industry.

Key Points:

Over-time, with more than 50,000 payment terminals accepting TerraPay-powered wallets in Africa, Magnati will drive innovation in the payments industry.
Ramana Kumar, Chief Executive Officer of Magnati said, "Over time, 50,000+ Payment Terminals of Magnati will be enabled to accept payments using popular wallets from Africa in their respective local currencies.
TerraPay and Magnati together are revolutionizing payment trends and technology, while prioritizing financial inclusion and convenience for all."
In conclusion, this strategic collaboration between Magnati and TerraPay positions the UAE as a hub for cross-border payments.

Magnati collaborates with TerraPay to revolutionise cross-border payments

Retrieved on:

Thursday, November 9, 2023

MTN, Growth, ABU, Tourism, PESA, Cryptocurrency, Bharti Airtel

Over-time, with more than 50,000 payment terminals accepting TerraPay-powered wallets in Africa, Magnati will drive innovation in the payments industry.

Key Points:

Over-time, with more than 50,000 payment terminals accepting TerraPay-powered wallets in Africa, Magnati will drive innovation in the payments industry.
Ramana Kumar, Chief Executive Officer of Magnati said, "Over time, 50,000+ Payment Terminals of Magnati will be enabled to accept payments using popular wallets from Africa in their respective local currencies.
TerraPay and Magnati together are revolutionizing payment trends and technology, while prioritizing financial inclusion and convenience for all."
In conclusion, this strategic collaboration between Magnati and TerraPay positions the UAE as a hub for cross-border payments.

Core42 Sets New Benchmark for Arabic Large Language Models with the Release of Jais 30B

Retrieved on:

Thursday, November 9, 2023

ABU DHABI, UAE, Nov. 9, 2023 /PRNewswire/ -- Core42, a G42 company and the UAE-based national-scale enabler for cloud and generative AI, announced the launch of Jais 30B, the newest and most proficient version of its open-source Arabic Large Language Model (LLM). Featuring 30 billion parameters, this new iteration of Jais follows the release in August 2023 of the 13 billion parameter model, underscoring Core42's commitment to provide a rich linguistic and culture-focused generative AI experience for the over 400 million Arabic speakers worldwide.

Key Points:

Jais 13B went from concept to fine-tuned, leading open-source model in less than four months.
It offers 160% longer and more detailed answers in Arabic and a 233% increase in English, reflecting significant improvements in language generation.
Jais 30B performance is now on par with monolingual English models and outperforms most open-source models in Foundation Model evaluations.
To know more about how Jais 30B was trained and benchmarks against other models, you can read the model's blog post on G42's website: https://www.g42.ai/resources/publications/Jais-30B

Core42 Sets New Benchmark for Arabic Large Language Models with the Release of Jais 30B

Retrieved on:

Thursday, November 9, 2023

ABU DHABI, UAE, Nov. 9, 2023 /PRNewswire/ -- Core42, a G42 company and the UAE-based national-scale enabler for cloud and generative AI, announced the launch of Jais 30B, the newest and most proficient version of its open-source Arabic Large Language Model (LLM). Featuring 30 billion parameters, this new iteration of Jais follows the release in August 2023 of the 13 billion parameter model, underscoring Core42's commitment to provide a rich linguistic and culture-focused generative AI experience for the over 400 million Arabic speakers worldwide.

Key Points:

Jais 13B went from concept to fine-tuned, leading open-source model in less than four months.
It offers 160% longer and more detailed answers in Arabic and a 233% increase in English, reflecting significant improvements in language generation.
Jais 30B performance is now on par with monolingual English models and outperforms most open-source models in Foundation Model evaluations.
To know more about how Jais 30B was trained and benchmarks against other models, you can read the model's blog post on G42's website: https://www.g42.ai/resources/publications/Jais-30B

Neovision Launches Digital Wealth Management Offering for Gulf Investors

Retrieved on:

Tuesday, November 7, 2023

ABU, Abu Dhabi Global Market, Entrepreneurship, Cryptocurrency, Financial services, Cormac Kinney

The offering has been designed to attract discerning Gulf-based investors with between US$1m and US$5m in investable assets who want choice across asset classes and the efficiency of front-to-back electronic settlement and clearing.

Key Points:

The offering has been designed to attract discerning Gulf-based investors with between US$1m and US$5m in investable assets who want choice across asset classes and the efficiency of front-to-back electronic settlement and clearing.
"Today's investors are more aware and more self-directed than their predecessors," said Dr Ryan Lemand, Neovision's Co-Founder and CEO.
The firm has also launched a 'Funds as a Service' offering, providing access to investment strategies from top-tier global asset managers packaged as fund offering in full compliance with UAE's regulatory framework, directly accessible from its wealth management platform.
As well as empowering investors to manage their own wealth, Neovision also offers a discretionary portfolio management service that can follow its own proprietary asset allocation model or be customised to suit the specific goals of the client.

Neovision Launches Digital Wealth Management Offering for Gulf Investors

Retrieved on:

Tuesday, November 7, 2023

ABU, Abu Dhabi Global Market, Entrepreneurship, Cryptocurrency, Financial services, Cormac Kinney

The offering has been designed to attract discerning Gulf-based investors with between US$1m and US$5m in investable assets who want choice across asset classes and the efficiency of front-to-back electronic settlement and clearing.

Key Points:

The offering has been designed to attract discerning Gulf-based investors with between US$1m and US$5m in investable assets who want choice across asset classes and the efficiency of front-to-back electronic settlement and clearing.
"Today's investors are more aware and more self-directed than their predecessors," said Dr Ryan Lemand, Neovision's Co-Founder and CEO.
The firm has also launched a 'Funds as a Service' offering, providing access to investment strategies from top-tier global asset managers packaged as fund offering in full compliance with UAE's regulatory framework, directly accessible from its wealth management platform.
As well as empowering investors to manage their own wealth, Neovision also offers a discretionary portfolio management service that can follow its own proprietary asset allocation model or be customised to suit the specific goals of the client.

ASI Wins Multi-Year Partnership with UAE Government to Use Artificial Intelligence to Bolster the Country's Educational Future

Retrieved on:

Thursday, November 2, 2023

ABU DHABI, UAE, Nov. 3, 2023 /PRNewswire/ -- ASI, the pioneering educational tech company formerly known as Digest.AI, today announced a collaboration with the UAE's Ministry of Education (MoE) to roll out AI-powered tutoring assistance that will give students access to high-quality educational help at the tap of a screen.

Key Points:

"Our partnership with ASI underscores our unwavering dedication to embracing pioneering technology solutions and using them to envision the future of education," he added.
"It also aligns with our drive to incorporate AI into the educational system, announced during the World Government Summit (WGS) 2023."
We couldn't be more excited to work with the UAE in making a meaningful impact in shaping the future of education."
Under the partnership, the Ministry of Education will develop and facilitate implementation of an advanced AI Tutor pilot program with ASI.

ADGM introduces the world's first DLT Foundations Regime

Retrieved on:

Thursday, November 2, 2023

Register, Dame Alice Owen's School, Heart, Distributed ledger technology law, ABU, Distributed ledger, National Database and Registration Authority, RA, DLT, Cryptocurrency, Blockchain

This new regime comes in line with ADGM's strategy to foster initiatives in the broader blockchain and digital asset realm.

Key Points:

This new regime comes in line with ADGM's strategy to foster initiatives in the broader blockchain and digital asset realm.
By harnessing the potential of technology, ADGM's DLT Foundations Regime offers an effective means to organise and promote governance whilst recognising the industry's need for decentralisation.
The introduction of the DLT Foundations Regime marks a revolutionary step forward, reinforcing ADGM's commitment to a proactive approach rooted in extensive cross-industry dialogue and collaboration with various stakeholders.
To view the full details of the Distributed Ledger Technology (DLT) Foundations Regulations 2023, please click HERE

ADGM introduces the world's first DLT Foundations Regime

Retrieved on:

Thursday, November 2, 2023

Register, Dame Alice Owen's School, Heart, Distributed ledger technology law, ABU, Distributed ledger, National Database and Registration Authority, RA, DLT, Cryptocurrency, Blockchain

This new regime comes in line with ADGM's strategy to foster initiatives in the broader blockchain and digital asset realm.

Key Points:

This new regime comes in line with ADGM's strategy to foster initiatives in the broader blockchain and digital asset realm.
By harnessing the potential of technology, ADGM's DLT Foundations Regime offers an effective means to organise and promote governance whilst recognising the industry's need for decentralisation.
The introduction of the DLT Foundations Regime marks a revolutionary step forward, reinforcing ADGM's commitment to a proactive approach rooted in extensive cross-industry dialogue and collaboration with various stakeholders.
To view the full details of the Distributed Ledger Technology (DLT) Foundations Regulations 2023, please click HERE

The Department of Health - Abu Dhabi inaugurates a nationwide Clinical Genomic Medicine and Genetic Counselling programme for 100 Emirati Physicians

Retrieved on:

Wednesday, November 1, 2023

ABU DHABI, UAE, Nov. 1, 2023 /PRNewswire/ -- In line with its continuous efforts to upskill the national healthcare workforce, the Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, has launched the Clinical Genomic Medicine and Genetic Counselling Programme for 100 Emirati physicians from different healthcare facilities across the UAE. The programme is offered by DoH, in partnership with the International Center for Genetic Disease (iCGD), Brigham and Women's Hospital, Harvard Medical School, and Khalifa University of Science and Technology, which hosted the inaugural ceremony. The programme is considered to be iCGD's largest and most comprehensive national genomics educational programmes, reflecting DoH's commitment to upskilling physicians in genomic medicine and equipping them with the necessary knowledge and skills.

Key Points:

Dr. Noura Al Ghaithi, Undersecretary at the Department of Health – Abu Dhabi, Professor Sir John O'Reilly, President of Khalifa University, H.E.
Furthermore, it will enable participants to become proficient in diagnostics, clinical decision-making, and the analysis and interpretation of genomic data.
Through this, the programme will contribute to building the professional and genomic medicine capacity essential for the successful implementation of the Emirati Genome Programme.
Dr. Noura Al Ghaithi, Undersecretary at the Department of Health – Abu Dhabi said: "Abu Dhabi has positioned itself as the region's leading destination for healthcare and innovation in life sciences.