Category: Emerging Tech
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Systems Limited to Acquire Confiz Pakistan Through Merger
PAKISTAN – Technology Systems Limited, one of Pakistan’s largest software and IT services companies, has announced its plan to acquire Confiz Pakistan (Private) Limited through a formal merger process. The development was disclosed in a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. According to the filing, the Board of Directors approved the…
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Zuma Resources to Focus on Tech, AI, and EVs Under New Business Model; Enters MoU with Elysium Technologies
PAKISTAN- Corporate Sector Zuma Resources Limited, formerly known as Bilal Fibres Limited, has approved a new primary line of business focused on investing, partnering, and strategically collaborating with a diversified portfolio of companies in technology, AI-enabled services, electric vehicles (EVs), healthcare, e-commerce, and other emerging sectors. According to information shared with the Pakistan Stock Exchange…
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OpenAI Partners with Foxconn to Build AI Data Center Hardware
WORLD OpenAI and Taiwanese tech giant Foxconn have announced a collaboration to design and manufacture AI data center hardware in the United States. OpenAI will receive early access to evaluate the systems and has the option to purchase them. The deal comes amid soaring global demand for AI infrastructure, which OpenAI head Sam Altman says…
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Future LED Lights Could Illuminate — and Communicate — Our Digital World
WORLD – Technology Researchers at the University of Oulu are envisioning a future where LED lights do far more than brighten rooms: they also transfer data and power smart devices. As white LEDs are expected to provide 95 percent of global indoor lighting by 2035, scientists see an opportunity to turn everyday lighting infrastructure into…
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Meta Begins Warning Young Australians Ahead of World-First Under-16 Social Media Ban
WORLD Meta has begun sending thousands of young Australians two-week warnings to download their data and prepare for account deletion ahead of a world-first ban on social media accounts for children under 16. The new Australian law, announced earlier this month, requires platforms including Facebook, Instagram, Threads, Snapchat, TikTok, X and YouTube to take “reasonable…