Technology

When Daniel Ek founded Spotify in 2006, a viable music product was a “moon shot.” The global music industry was struggling with years of declining sales, online music piracy was rampant, and services like Apple’s iTunes were pricey. Ek believed if access to music was as easy as turning on a tap – in a way that was legal and fair … Read more

Associate Professor of Economics at Lahore University of Management Sciences Ali Hasanain held a session on Tuesday at the Overseas Investors Chamber of Commerce & Industry about the Economics of AI. He explained the current state of LLMs, the potential effects of advanced models on labour markets and implications for jobs, productivity and policy. With … Read more

Electronic Arts just hit pause on Wall Street. The gaming giant is going private in a jaw-dropping $55 billion all-cash deal, with Saudi Arabia’s Public Investment Fund, Silver Lake, and Affinity Partners stepping in as the new “players one, two, and three.” Shareholders will cash out at $210 a share, a move EA is calling … Read more

Visa (V.N) said on Tuesday it will start testing a new way for businesses to fund international payments by allowing them to use stablecoins instead of pre-depositing cash in local accounts. The move signals growing acceptance of these digital tokens among major businesses, who have been emboldened by the United States passing the Genius Act, a law … Read more

Yemen’s first large-scale solar plant is helping to alleviate electricity shortages in the southern port city of Aden, bringing some relief to residents and businesses, which suffer losses particularly when the intense summer heat hits. Funded by the United Arab Emirates and operational since July 2024, the Aden Solar Power Plant marks a significant shift … Read more

Chinese AI developer DeepSeek has released its “experimental” latest model, which it said was more efficient to train and better at processing long sequences of text than previous iterations of its large language models. The Hangzhou-based company called DeepSeek-V3.2-Exp an “intermediate step toward our next-generation architecture” in a post on developer forum Hugging Face. That architecture will likely be DeepSeek’s most important product release since … Read more