Topic: ecosystem development
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Algeria's FNI, 4 Firms Launch National Tech Hub
Algeria's National Investment Fund has partnered with four digital firms to establish a national technology hub, aiming to advance the country's digital transformation. The hub will focus initially on modernizing the financial sector and supporting both public and private institutions in their di...
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The AI App Race Is Far From Over
While the U.S. leads in AI model development, Europe and Israel are emerging as key players in AI applications, securing 66% of the private funding compared to U.S. counterparts. AI-native applications in these regions are achieving unprecedented growth, reaching $100 million in annual revenue in...
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India Revamps Startup Rules to Boost Deep Tech Innovation
India has extended its startup classification for deep tech firms to 20 years and raised the revenue ceiling for tax benefits to ₹3 billion, acknowledging their longer development cycles. The government is supporting the sector with a ₹1 trillion RDI Fund and a private investor alliance, aiming t...
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Samsung's Ray-Ban Smart Glasses Rival Could Launch Soon
Meta has accelerated the smart eyewear competition by launching three new models, including screen-equipped Ray-Ban Display, prompting rivals like Apple to reallocate resources and fast-track their own smart glasses development. Samsung is rumored to be entering the market as early as next year w...
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UAE Launches First Sovereign Mobility Cloud to Boost Autonomous Vehicles
The UAE has launched its first Sovereign Mobility Cloud, a secure national platform developed with Space42, Core42, and Microsoft to accelerate autonomous vehicles and advanced mobility solutions while ensuring data residency and compliance. The cloud will serve as core infrastructure for service...
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