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19.12.25 - 02:09
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Did Abu Dhabi Just Deliver A Santa Rally: OpenAI To Raise $100BN From Sovereign Wealth Funds (ZeroHedge)
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Did Abu Dhabi Just Deliver A Santa Rally: OpenAI To Raise $100BN From Sovereign Wealth Funds
While the broader stock market has meandered both higher and lower in the subsequent two months, the Mag 7 trade peaked on Oct 31 and has been drifting sideways - and lower - ever since.
What happened on that date? That was the day of the infamous All Things podcast, in which Brad Gerstner (an OpenAi investor) pointed out that the emperor is, indeed, naked and asked Sam Altman how a company with $13BN in revenue can afford $1.4 Trillion in commitments. Altman's non-reply? “Happy to find a buyer for your shares.” Translation: No answer... and how could Sam possibly answer: after all there is no way on earth that OpenAI could ever grow into its future obligations absent a miracle, an act of God... or uncle Sam.
A few days later, Altman delivered a far more troubling answer, and one which connected the mathematical dots for everyone, when it was reported that OpenAI was seeking a government guarante...
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20.07.25 - 02:36
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From TikTok to Huawei, Chinese tech giants flock to Arab tech hub Dubai (SCMP)
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Chinese tech giants from ByteDance and Huawei Technologies to Alibaba Group Holding are playing an increasingly important role in Dubai's burgeoning tech industry, as the emirate seeks to diversify its economy beyond its historical reliance on oil.
Central to that transformation is the Dubai Internet City (DIC) – a tech park near the upscale neighbourhood of Palm Jumeirah, a palm tree-shaped archipelago – which hosts global Big Tech companies including Microsoft, Google and Amazon.com, along......
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18.12.24 - 08:33
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Indra And EDGE Set Up JV To Design And Manufacture Radars In Abu Dhabi (Reuters EN)
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BRIEF-Indra And EDGE Set Up JV To Design And Manufacture Radars In Abu Dhabi Dec 18 (Reuters) - Indra Sistemas SA IDR.MC : INDRA AND EDGE GROUP ENTER INTO JV, PULSE, TO DESIGN AND MANUFACTURE RADARS IN ABU DHABI PROJECTED ORDER BACKLOG FOR NEW JV IS ABOUT 300 ADVANCED RADAR SYSTEMS FOR AIR, LAND AND SEA FOR NON-NATO AND NON-EU COUNTRIES Further com...
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10.12.24 - 13:26
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IPO/Schwaches Börsendebüt von Delivery-Tochter Talabat in Dubai (Dow Jones)
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Die arabische Delivery-Hero-Tochter Talabat hat ihren ersten Handelstag ad der Börse in Dubai deutlich unter dem Ausgabepreis beendet. Der Schlusskurs am Dubai Financial Market lag bei 1,49 VAE-Dirham (rund 0,38 Euro) je Aktie, knapp 7 Prozent unter dem Emissionspreis von 1,60 Dirham. Der erste Kurs hatte noch 1,70 Dirham betragen..
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10.12.24 - 10:51
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Delivery Hero drops on ′disappointing′ market debut of UAE unit Talabat (Reuters EN)
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BUZZ-Delivery Hero drops on 'disappointing' market debut of UAE unit Talabat ** Delivery Hero DHER.DE slides 9% to 32.47 euros ** DHER's Emirati subsidiary Talabat TALABAT.DU had a "disappointing" market debut, Clément Genelot, analyst at Bryan, Garnier & Co said ** One of the biggest food ordering businesses in the Middle East, Talabat's stock opened at 1.70 dirhams in its debut, but dropped to 1.48 dirhams by 0916 GMT....
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