The Abu Dhabi Department of Economic Development (ADDED) has signed a Memorandum of Understanding (MOU) with Emirates Global Industries – Alfahim Group to enable the manufacturing and assembly of electric commercial vehicles (ECVs) in the emirate.

Elon Musk has upended a deal the White House saluted early last year to open Tesla Inc.’s electric-vehicle chargers to other automakers, dealing a blow to President Joe Biden’s EV agenda.

Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips.

RIYADH: More than 70 percent of retail investors in the UAE have stocks of companies developing artificial intelligence, according to a survey by trading platform eToro.

The chief executives of OpenAI, Microsoft and Google are among the high-profile members of a new federal board created to advise the US government on the “safe and secure” development of artificial intelligence.

LONDON: The Open Forum Riyadh — a series of public sessions taking place in the Saudi capital on Sunday and Monday — will “spotlight global challenges and opportunities,” according to the organizers.