As global technology companies race to develop AI-powered smart glasses, South Korean startup LetinAR is focusing on one of the most important parts behind the technology — the optical lens system. The company, backed by LG Electronics, recently raised $18.5 million in new funding ahead of its planned public listing in South Korea in 2027….
Ferragamo has appointed Yigit Turhan as its new Chief Brand Officer as the luxury fashion house continues efforts to strengthen its global brand and improve business performance. Turhan, who previously held senior marketing positions at Valentino and Gucci, will be based in Milan and oversee several key brand functions including marketing, communications, visual merchandising, customer…
Chinese artificial intelligence startup Moonshot AI has secured around $2 billion in fresh funding, pushing its valuation to approximately $20 billion as investor interest in open-source AI technology continues to rise. The Beijing-based AI company is known for developing the Kimi series of large language models, which have become increasingly popular among developers and businesses…
UNICEF has warned that obesity among children and teenagers has now surpassed undernourishment worldwide for the first time, marking a major global public health concern. According to a new report released by the organization, rising consumption of ultra-processed foods and unhealthy eating habits are driving a sharp increase in obesity rates among people aged five…
Today, Cerebras Systems is one of the fastest-growing names in the artificial intelligence hardware industry, supplying advanced AI chips to major technology companies including OpenAI and Amazon Web Services. However, the company’s journey to success was far from easy. According to co-founder and CEO Andrew Feldman, Cerebras came dangerously close to failure during its early…
Air Arabia reported a decline in first-quarter profit for 2026 as regional airspace closures and operational disruptions affected airline operations across the Middle East. The Sharjah-based airline announced that net profit fell by 22% to Dh278 million during the January to March period, compared to Dh355 million recorded in the same quarter last year. The…
Meridian Ventures has launched a new $35 million investment fund focused on supporting early-stage startups founded by entrepreneurs with deferred MBA backgrounds. The venture capital firm was founded by Devon Gethers and Karlton Haney, who first connected through Harvard’s deferred MBA admission program in 2020. The founders say the firm was created to challenge the…
Flipkart has reportedly paused its plans for an initial public offering (IPO) as ongoing market uncertainty continues to affect India’s technology and startup investment environment. According to reports, the Walmart-owned e-commerce giant has decided to delay discussions related to its stock market listing due to rising volatility in financial markets and growing uncertainty caused by…
Ola Electric has approved a major investment of Rs 2,000 crore into its electric vehicle and battery manufacturing businesses as the company strengthens its focus on localisation and large-scale production. According to a recent regulatory filing, the company’s board approved an investment of Rs 1,500 crore into its subsidiary Ola Electric Technologies and an additional…
Haitham bin Tarik has issued a new Royal Decree establishing an Artificial Intelligence Special Zone in Muscat, marking a major step in Oman’s efforts to strengthen its digital economy and technology sector. According to reports from the Oman News Agency, the new zone will be created under Royal Decree No. (50/2026) and will focus on…
