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Sam Altman advocates for innovative revenue sharing models in generative AI

Sam Altman, CEO of OpenAI, advocates for innovative revenue-sharing models in the era of Generative AI. He emphasizes the need for new frameworks that ensure fair compensation for creators and developers, reflecting the evolving landscape of technology and content creation.

Kraken introduces commission-free trading beyond cryptocurrency markets

Kraken has announced its expansion beyond cryptocurrency by launching commission-free trading. This move marks a significant shift for the platform, aiming to attract a broader range of investors and enhance its competitive edge in the trading market.

Nvidia to produce AI chips domestically in the United States

Nvidia plans to manufacture some AI chips in the U.S., marking a significant step in its operations. The company emphasizes its commitment to ethical reporting and transparency, assuring readers that potential conflicts of interest will not affect the integrity of its coverage.

Indian venture capitalists focus on SaaS investments amid global uncertainties

Indian venture capitalists are increasingly focusing on AI and SaaS investments as a strategic advantage amid global economic uncertainties. The SaaS sector is emerging as a beacon of resilience, with over 35 deals recorded in the first two months of the year, highlighted by major players like Darwinbox and Innovaccer.

Apple supplier considers relocating to the US for automated manufacturing

An Apple supplier is considering relocating its highly automated production facilities to the United States. This shift aims to enhance operational efficiency and align with the growing demand for domestic manufacturing capabilities. The move reflects broader trends in the tech industry towards localizing supply chains.

Saudi Arabia invites bids for national charter airline license to boost aviation

Saudi Arabia has initiated a public tender for a national charter airline license, inviting private operators to enhance non-scheduled services as part of its National Aviation Strategy. The bidding period runs from April 13 to May 21, with bids to be opened on May 22 in Riyadh. This initiative follows a policy shift allowing foreign charter operators to apply for domestic routes, aiming to stimulate competition and attract foreign investment in the aviation sector.

saudi arabia's space economy projected to reach 31.6 billion by 2035

Saudi Arabia's space economy is set to grow from $8.7 billion in 2024 to $31.6 billion by 2035, driven by a 12% CAGR. Key sectors include commercial services and infrastructure, projected to rise from $1.9 billion to $5.6 billion, aligning with Saudi Vision 2030's goals for a competitive space sector.

Saudi Arabia invests in AI to transform mining sector and drive growth

Saudi Arabia is harnessing artificial intelligence to transform its mining sector, aiming to boost its GDP contribution from $17 billion to $75 billion by 2035. Minister Bandar Alkhorayef highlighted the importance of innovation in mining, emphasizing the development of safer and more efficient operations through technology. The Human Capability Initiative 2025 conference in Riyadh aims to foster collaboration among government, private sector, and nonprofits to enhance workforce readiness and drive industrial transformation.

Swiggy launches 15 minute food delivery service in Noida and Gurugram

Swiggy has expanded its 15-minute food delivery service, SNACC, to Noida and Gurugram, following its launch in Bengaluru. The app caters to urban professionals with a focus on quick delivery of snacks, breakfast items, and beverages, reflecting a shift in India's food delivery market towards specialized platforms. This rapid expansion highlights the growing demand for immediate food fulfillment in densely populated areas, amidst increasing competition in the sector.

logistics firm jandt express goes public raising over 450 million dollars

J&T Express went public on the Hong Kong Stock Exchange in October 2023, raising over US$451 million despite challenging market conditions. The company, which delivered nearly 25 billion parcels in 2024, focuses on Southeast Asia and China, leveraging ecommerce growth while navigating increasing competition. Meanwhile, Indonesian coffee startup Kopi Kenangan has expanded into India, planning to open over 10 outlets by 2025, with a long-term goal of 50 stores.
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