The metaverse, once a futuristic dream, is now rapidly evolving, driven by the power of artificial intelligence (AI). Real estate companies are leveraging generative AI to explore the immense potential of this digital universe. In the GCC region, a projected $15 billion injection into economies by 2030 positions it as a global leader in the metaverse. Generative AI, exemplified by tools like Landvault Create, democratizes content creation by making it accessible to anyone, regardless of technical expertise. This game-changing technology […]

Invest Qatar has joined forces with Microsoft to introduce Ai.SHA, a groundbreaking AI-powered assistant equipped with OpenAI’s GPT capabilities. This collaboration positions Invest Qatar as a pioneer among investment promotion agencies (IPAs), embracing cutting-edge technology to redefine interactions between investors and businesses in Qatar. Ai.SHA, an innovative digital resource, caters to investor inquiries regarding Qatar’s business landscape, investment opportunities, and the overall ecosystem. Leveraging data from key entities such as the Ministry of Commerce and Industry, Qatar Financial Centre, Qatar […]

In a significant milestone, OpenAI has reported annualized revenue exceeding $1.6 billion, showcasing robust growth primarily driven by its acclaimed ChatGPT product. This noteworthy increase from $1.3 billion, as of mid-October, underscores the widespread adoption and success of OpenAI’s innovative language model. The surge in revenue reflects the sustained demand for ChatGPT, a product that has garnered widespread attention for its versatile applications in natural language processing. OpenAI’s commitment to advancing artificial intelligence capabilities has evidently translated into substantial financial […]

In a paradigm shift within the $21 billion content creator economy, virtual influencers crafted by generative AI are carving their niche as big brands increasingly opt for AI avatars to endorse their products on social media platforms. Frustrated by exorbitant rates charged by human influencers, Diana Nunez, co-founder of The Clueless ad agency, took matters into her hands and birthed Aitana Lopez, a virtual influencer with pink hair, boasting a substantial following of over 200,000 on social media. Lopez, despite […]

As India strides into the realm of advanced technologies, a recent Ernst & Young (EY) report underscores the potential of generative artificial intelligence (AI) to inject up to $1.5 trillion into the country’s economy over the next seven years. The report emphasizes the transformative impact of generative AI tools across various sectors, such as financial services, logistics, healthcare, retail, transportation, and education, citing enhanced efficiency, productivity, and personalized customer experiences. According to EY, embracing generative AI is crucial for Indian […]

In a noteworthy development, Baidu’s Ernie Bot, a generative AI-powered chatbot akin to OpenAI’s ChatGPT, has surpassed the milestone of 100 million users, as revealed by Wang Haifeng, the Chief Technology Officer of the Chinese tech giant. The announcement was made during a deep learning summit held in Beijing, showcasing the widespread adoption of conversational AI technologies. The significant user base achievement follows Baidu’s strategic move to open Ernie Bot to the public in August, marking a pivotal moment in […]

In a strategic move into the realm of artificial intelligence (AI), Reliance Jio, a major player in telecommunications and streaming, has announced its collaboration with the Indian Institute of Technology (IIT) Bombay for the Bharat GPT project. The revelation came from Akash Ambani, Chairman of Reliance Jio, during IIT Bombay’s Techfest, signaling a significant foray into the expanding landscape of AI. Bharat GPT, the new AI project, is not merely a vertical integration within the company but a comprehensive, horizontal […]