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June 29, 2022

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IBM FAB1

IBM Joins Forces with FABMisr to Revolutionize the Banking Experience with AI in Egypt

Through a long-term collaboration, IBM has partnered with FABMisr, one of the largest banks in Egypt, to employ IBM’s Cloud Pak solutions to facilitate the bank’s revolutionary digital transformation journey. The collaboration focused on transforming FABMisr’s business processes and overall customer experience, delivering unparalleled reliability, security, and speed to their clients. Leveraging AI software with …

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Intel

Intel Launches First Systems Foundry for AI Era

Intel Corp. (INTC) today launched Intel Foundry as a more sustainable systems foundry business designed for the AI era and announced an expanded process roadmap designed to establish leadership into the latter part of this decade. The company also highlighted customer momentum and support from ecosystem partners – including Synopsys, Cadence, Siemens and Ansys – …

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DermaSensor

FDA Greenlights First AI-Powered Device to Detect All 3 Common Skin Cancers

The US Food and Drug Administration (FDA) has cleared the first AI-powered handheld medical device to assist physicians in detecting common skin cancers. This technology aims to offer a more accurate way of detecting all three common skin cancers, namely basal cell carcinoma, squamous cell carcinoma, and melanoma. FDA Clearance Granted for First AI-Powered Medical …

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Microsoft

Microsoft to invest £2.5 billion into global AI development

Microsoft has announced plans to invest £2.5 billion (US$3.16bn) to build AI infrastructure in the UK, the company said at a government-hosted summit. Announced at the Global Investment Summit on Monday (27th November 2023), it forms part of a £29.5bn (US$37.4bn) commitment to the UK by global businesses. Microsoft is expecting that the investment will …

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Italy to put Africa development, AI at heart of its G7 presidency

Supporting African development and tackling the dangers posed by artificial intelligence (AI) will be two key themes for Italy during its one-year presidency of the Group of Seven, Italian Prime Minister Giorgia Meloni said on Thursday. Speaking at a wide-ranging news conference, Meloni added that Italy would maintain its support for Ukraine in the war …

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