Technology Pick

Saudi Arabia has successfully completed its first air taxi trial in Makkah, setting the stage for deployment in the coming years and revolutionizing Hajj transportation for pilgrims.

The demand for commercial drones and autonomous vehicles (AVs) is skyrocketing. Projections suggest that by 2030, the drone’s market will hit USD 57 billion, while the AV market is anticipated to surpass USD 13 trillion.

In an effort to compete with rival firms such as OpenAI and Google, Elon Musk’s artificial intelligence startup, xAI, is planning to build a new multibillion-dollar supercomputer in Memphis.

Shares in Meta, the company behind Facebook, WhatsApp, and Instagram, plummeted over 15% in after-hours trading in New York following the announcement of increased spending on artificial intelligence (AI), despite the firm's strong earnings report.

In 2022, the global Internet of Medical Things (IoMT) market reached USD 48.7 billion and is projected to soar to USD 370.9 billion by 2032, growing at a CAGR of 23.15%.

A recent study, detailed in the American Journal of Critical Care, shed light on the transformative impact of VR training on newly graduated nurses' ability to recognize and assess respiratory distress in critically ill pediatric patients.

In the last three months through March, Japan saw at least 50% of its exported semiconductor manufacturing equipment shipments being directed to China, marking a third consecutive quarter of this trend.

Projections indicate that by 2027, the automotive healthcare market is poised to surpass USD 10 billion USD.

The rapid advancements in artificial intelligence (AI) are fueling a growing demand for enhanced memory and storage solutions. These are crucial for the efficient processing, retention, and analysis of vast amounts of data required for AI training and inference tasks.

Google DeepMind has introduced "AlphaFold 3," a tool engineered to revolutionize the development of medications and disease targeting in molecular biology.