Gen Z to become the wealthiest generation by 2035, Bank of America says

ALBAWABA – Generation Z, also known as Zoomers, the demographic cohort following Millennials and preceding Generation Alpha, will be the wealthiest generation by 2035, according to a recent report from Bank of America (BOA), the American multinational investment bank and financial services company…

Al-bawaba |
Categorised as Economy

Android allows tracking other devices with permission

ALBAWABA – Android, an operating system based on a modified version of the Linux kernel and other open-source software, is primarily designed for touchscreen-based mobile devices such as smartphones and tablets…

Al-bawaba |
Categorised as Economy

Musk's administration reduces NASA's budget by $420M in one week

ALBAWABA – DOGE, the Department of Government Efficiency, an initiative of the second Donald Trump administration and Elon Musk’s administration, has announced a reduction of approximately $420 million in NASA’s budget within one week…

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Categorised as Economy

Perplexity plans to acquire TikTok, revealing its strategy

ALBAWABA – Perplexity AI, the search engine that leverages large language models to answer queries with web-sourced information and cites links in its responses, has announced plans to acquire TikTok, the Chinese social media platform for creating, sharing, and discovering short videos…

Al-bawaba |
Categorised as Economy

X's valuation soars to $44B

ALBAWABA – Elon Musk’s X, the microblogging and social networking platform, recorded a valuation increase to around $44 billion in a rapid shift…

Al-bawaba |
Categorised as Economy

Abu Dhabi to become first AI government by 2027

ALBAWABA – The Abu Dhabi Government has signed a major agreement with Microsoft, the American multinational technology company, and Core42, a G42 company that empowers individuals, enterprises, and nations to unlock AI’s full potential through its comprehensive enablement capabilities…

Al-bawaba |
Categorised as Economy

Roblox launches 3D AI model on its online gaming platform

ALBAWABA – Roblox, the online game platform and game creation system developed by Roblox Corporation that allows users to program and play games created by themselves or other users, announced the launch of its first 3D artificial intelligence (AI) model: Cube 3D…

Al-bawaba |
Categorised as Economy

BYD introduces new 'five-minute' EV battery

ALBAWABA – BYD Auto, the primary automotive subsidiary of BYD Company—a publicly listed Chinese multinational manufacturer—has unveiled its innovative new electric vehicle (EV) battery that can fully charge vehicles in just five minutes…

Al-bawaba |
Categorised as Economy