Author: AFP

AI the new obsession for venture capital investing

SAN FRANCISCO: After the earthquake of ChatGPT’s phenomenal success a year ago, Silicon Valley investors have gone into overdrive with artificial intelligence, looking for the newest blockbuster idea in an ocean of hype and overpromising. OpenAI sparked a generative AI craze with ChatGPT, which can pen stories, create pictures, write

Apple sued for wide-ranging iPhone monopoly

WASHINGTON: The US Department of Justice filed a lawsuit against Apple, alleging that the tech giant illegally maintained a monopoly on its iPhone, stifling competition and imposing high costs on consumers. The lawsuit, supported by multiple US states, accuses Apple of making it difficult for consumers to switch to cheaper

Blinken in Israel to press for immediate truce

GAZA STRIP (Palestinian Territories): Secretary of State Antony Blinken heads to Israel on Friday to press for a truce in Gaza, ahead of a key UN Security Council vote on a US draft resolution on the need for an “immediate” ceasefire. Israel’s main backer the United States announced it would

Surgeons transplant pig kidney to live patient

WASHINGTON: US surgeons have successfully transplanted a genetically modified pig kidney into a living patient for the first time, the hospital said on Thursday, a procedure that could help address the chronic shortage of donor organs. The four-hour operation was carried out on Saturday on a 62-year-old man suffering from

Dragon Ball theme park planned in Saudi Arabia

TOKYO: A theme park based on Japan’s “Dragon Ball” manga franchise will be built in Saudi Arabia’s new high-end tourist attraction of Qiddiya just outside Riyadh, authorities said on Friday. The announcement comes two weeks after fans of the massively popular and influential series were shocked by news of the

Thousands rally behind Orban critic in Hungary

BUDAPEST: Tens of thousands of people rallied behind an emerging critic of Prime Minister Viktor Orban in central Budapest on Friday, as politicians gave fiery speeches for Hungary’s national day. In the wake of a child abuse pardon scandal that has shaken Orban’s government, former government insider Peter Magyar has

HK jails 12 over 2019 legislature storming

HONG KONG: Twelve Hong Kongers were jailed Saturday for up to seven years over the storming of the city’s legislature in 2019 at the height of pro-democracy protests that challenged the Beijing-backed government. It was the most violent episode in the initial stage of the huge protests that upended the

Vodafone sells Italian unit to Swisscom

ZURICH: British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion) in a cash deal that was slammed by Switzerland’s main political party. Shares in the two companies jumped following the announcement but the hard-right Swiss People’s Party

Nigeria targets crypto in bid to end naira freefall

LAGOS: The world’s biggest cryptocurrency exchange Binance is halting operations in Nigeria’s naira currency as the government puts cryptobusinesses under increasing scrutiny. The decision came after authorities in Africa’s biggest economy imposed restrictions on cryptocurrency exchanges as part of attempts to halt the sliding value of the local currency. Nigeria’s

Haiti politicians seek to form interim govt

PORT-AU-PRINCE: Gunfire rang out on Thursday in Haiti’s capital and “bandits” set a police official’s house ablaze, ending three days of relative calm as politicians pressed on with talks to form an interim governing body. The country has been convulsed for two weeks by a gang uprising, with the well-armed