Author: Arabian Media staff
Key Takeaways OpenAI runs its AI software on Nvidia’s graphics processing units, or GPUs. Nvidia’s gross profit margins from the industry have been estimated at about 80%, sometimes referred to as the “Nvidia tax.” Google began investing in its own tensor processing units, or TPUs, in 2015, so it doesn’t have to buy hardware from another company. Analysts estimate that Google can operate its TPU capabilities for approximately 20% less than entities that rely on Nvidia GPUs. Artificial intelligence is sweeping the modern world and has already revolutionized how we do business. This technology has opened the door for a…
Key Takeaways According to Nuveen, 93% of workers want 401(k) plans to offer lifetime income options, but most don’t.Still, lifetime income can come from sources like Social Security, pensions, annuities, and thoughtfully planned withdrawal strategies using bonds, investments, or income-focused funds.A sustainable withdrawal strategy also involves thinking about spending needs and tax implications, as well as building a reliable income floor. You’ve spent decades building your nest egg, but how do you turn that lump sum into a paycheck that lasts? According to a 2025 Nuveen and TIAA Institute study, nearly all 401(k) participants (93%) say they want retirement plans…
Key Takeaways Nearly 30% of under-30 job changers cash out their 401(k) and unintentionally erode future retirement wealth as a result. Taxes, penalties, and lost decades of compounding can all make small withdrawals extremely costly. Instead, consider rolling over your 401(k) or slowing contributions to boost take-home pay as smarter alternatives. Changing jobs can be exciting, but for many young workers, it comes with a costly misstep: cashing out their 401(k). According to Vanguard, nearly 30% of workers under 30 take a lump sum from their retirement account when leaving a job. The move can feel like quick access to…
Image credit: Dubai Media Office/Website In a major step toward boosting marine tourism and enhancing the experience of international visitors, the Dubai Maritime Authority (DMA), an arm of the Ports, Customs and Free Zone Corporation (PCFC), has introduced a new service for licensing Pleasure Marine Vessels for foreign visitors. This newly launched initiative allows holders of maritime licenses from countries affiliated with the International Maritime Organization (IMO)—including the GCC nations, the US, Europe, and other globally recognised authorities, to apply for a Dubai-issued license to operate recreational boats within the emirate, a Dubai Media Office report said. Read-DMCC launches SPV…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link
Image credit: Dubai Media Office/Website Dubai’s Roads and Transport Authority (RTA), in collaboration with Keolis-MHI, has successfully completed a sweeping upgrade of wayfinding signage across all Dubai Metro stations. The move aims to enhance the commuting experience, boost user satisfaction, and streamline daily travel across the Red and Green lines of the Metro, as well as the Dubai Tram. Read more-Dubai’s smart commute: How RTA’s AI is changing the city’s roads The ambitious initiative saw the installation and replacement of around 9,000 signs, requiring approximately 11,000 work hours. From entry and exit points to platforms and concourses, signs were modernized…
Image: Supplied Geespace, the aerospace arm of Zhejiang Geely Holding Group, has launched 11 satellites into low Earth orbit, expanding its ‘Future Mobility Constellation’ to 41 operational satellites. The satellites, launched on August 9, form the fourth orbital plane of the network, known as GEESATCOM, which is designed to provide high-precision positioning, data links and communications to support autonomous driving and connected vehicle services. Geely plans to complete the first phase of the constellation by the end of 2025, with 72 satellites in orbit, enabling real-time global coverage. The company said the network will underpin technologies such as vehicle-to-everything (V2X)…
Image: Getty Images Amanat Holdings, the UAE-listed healthcare and education investment firm, has completed the sale of its education real estate asset for Dhs453m ($123m). The transaction delivers an unlevered cash-on-cash multiple of 1.7x and an internal rate of return (IRR) of 10 per cent, generating a net cash return of Dhs294m ($80m). The exit underscores the company’s strategy of disciplined investment, portfolio growth, and value-led monetization. The divested asset comprises the real estate of North London Collegiate School, which Amanat acquired in June 2018 for Dhs360m ($98m), with an additional Dhs33m ($9m) invested in capital expansion, bringing total investment…
A recent survey by SevenRooms (April 2025) revealed that 87 per cent of UAE restaurant owners are already leveraging AI, with data analytics ranking among the top five areas of global adoption. This trend is reshaping the F&B industry, where operators are increasingly relying on technology to stay competitive. Foodics, the MENA region’s leading restaurant operations and payments technology company, is capitalising on this momentum with Foodics BI, its advanced AI-powered business intelligence solution. Seamlessly integrated into the wider Foodics ecosystem, the platform enables restaurants to transform real-time business data into strategic actions, improving efficiency, profitability, and long-term growth. “In…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link