Capacity development Archives | Page 112 of 298

LSEG data and LG’s EXAONE model combine in new AI-driven stock prediction service

LG AI Research and LSEG have launched an AI forecasting tool that scores around 5,000 NYSE stocks daily. It combines LSEG’s financial data with LG’s EXAONE model. The service was presented to Korean financial institutions in Seoul.

The AI Equity Forecasting Score provides a numeric outlook and a short explanation for each stock. It analyses structured market data and unstructured filings and news. LG says this improves transparency in automated research.

LSEG says the partnership combines its global data infrastructure with LG’s modelling capabilities. According to LG, the system can uncover patterns that traditional analysis often misses. Daily scores and weekly commentary are already available.

Pilot testing is underway in the US, Europe, Japan and Korea. Analysts say wider adoption will depend on clear performance metrics and independent validation. They also note the lack of disclosure on trading frictions.

LG plans to expand the service to more markets and add tools for portfolio construction and commodities. Deeper integration with LSEG’s APIs is also being explored. LG describes the system as a daily, automated investment memo.

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UAE launches 1 billion AI initiative for Africa

The UAE has unveiled a US$1 billion AI for Development initiative to finance AI projects across African nations. The programme aims to enhance digital infrastructure, government services, and productivity, supporting long-term economic and social development.

Implementation will be led by the Abu Dhabi Exports Office (ADEX), in cooperation with the UAE Foreign Aid Agency. AI technologies will be applied in key sectors, including education, agriculture, and infrastructure, to create innovative solutions and promote sustainable growth.

Officials highlighted the initiative as part of the UAE’s vision to become a global hub for AI while reinforcing its humanitarian and developmental legacy. The programme aims to boost international partnerships and deliver impactful support to developing countries.

The initiative reinforces the UAE’s long-term commitment to Africa and its role in technological and digital advancement. Leaders emphasised that AI-driven projects can improve living standards and foster inclusive, sustainable development.

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US considers allowing Bitcoin tax payments

Americans may soon be able to pay federal taxes in Bitcoin under a new bill introduced in the House of Representatives. The proposal would send BTC tax payments straight into the US strategic reserve and spare taxpayers from capital gains reporting.

Representative Warren Davidson says that BTC tax payments allow the government to build an appreciating reserve without purchasing coins on the open market. He says that Bitcoin-based revenue strengthens the national position as the dollar continues to lose value due to inflation.

Supporters say the plan expands the reserve in a market-neutral way and signals a firmer national stance on Bitcoin adoption. They argue a dedicated reserve reduces the risk of future regulatory hostility and may push other countries to adopt similar strategies.

Critics warn that using seized or forfeited BTC to grow the reserve creates harmful incentives for enforcement agencies. Some commentators say civil asset forfeiture already needs reform, while others argue the reserve is still positive for Bitcoin’s long-term global position.

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Greece accelerates AI training for teachers

A national push to bring AI into public schools has moved ahead in Greece after the launch of an intensive training programme for secondary teachers.

Staff in selected institutions will receive guidance on a custom version of ChatGPT designed for academic use, with a wider rollout planned for January.

The government aims to prepare educators for an era in which AI tools support lesson planning, research and personalised teaching instead of remaining outside daily classroom practice.

Officials view the initiative as part of a broader ambition to position Greece as a technological centre, supported by partnerships with major AI firms and new infrastructure projects in Athens. Students will gain access to the system next spring under tight supervision.

Supporters argue that generative tools could help teachers reduce administrative workload and make learning more adaptive.

Concerns remain strong among pupils and educators who fear that AI may deepen an already exam-driven culture.

Many students say they worry about losing autonomy and creativity, while teachers’ unions warn that reliance on automated assistance could erode critical thinking. Others point to the risk of increased screen use in a country preparing to block social media for younger teenagers.

Teacher representatives also argue that school buildings require urgent attention instead of high-profile digital reforms. Poor heating, unreliable electricity and decades of underinvestment complicate adoption of new technologies.

Educators who support AI stress that meaningful progress depends on using such systems as tools to broaden creativity rather than as shortcuts that reinforce rote learning.

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UAE gains UN praise for Arab Digital Economy strategy

A senior UN official has praised the Arab Digital Economy vision backed by President Sheikh Mohamed bin Zayed, calling it a leading regional model for accelerating digital development.

The initiative, adopted by the Arab League, was described as a significant milestone for collective progress, rather than fragmented national efforts.

Speaking at the Knowledge Summit in Dubai, Dr Abdallah Al Dardari noted that the UAE has secured a central position in global and regional technological advancements through forward-looking policies and a strong commitment to innovation.

He argued that the country’s digital achievements provide an ideal foundation for Arab nations aiming to strengthen their own digital ecosystems.

Moreover, he highlighted the UAE’s combination of advanced infrastructure, modern legislation and innovation-friendly conditions, adding that its experience offers valuable guidance for states working to build integrated digital economies that can respond to rapid global change.

Dr Al Dardari concluded that the UAE’s role in driving regional and international development offers a model for a future economy shaped by knowledge and technology, rather than traditional growth approaches.

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Binance Japan integrates PayPay Money for crypto

Binance Japan and PayPay have launched a new service that enables users to purchase crypto assets using PayPay Money and PayPay Points. The integration allows funds deposited from PayPay Money to be used directly for spot trading on Binance Japan.

Users can also withdraw proceeds from crypto sales back into their PayPay Balance. Previously, trading and withdrawals were restricted to Japanese yen transfers via domestic banks or external wallets.

The new system allows one-click deposits and withdrawals, starting from JPY 1,000.

The service works 24 hours a day, 365 days a year, offering a smoother trading experience for both mobile and web users. To activate the integration, users enable the linkage via the PayPay icon within Binance Japan’s trading platform.

The initiative reflects growing collaboration between PayPay and Binance Japan, aiming to enhance convenience and accessibility for both first-time traders and experienced users while expanding crypto adoption in Japan.

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AI use rises among Portuguese youth

A recent survey reveals that 38.7% of Portuguese individuals aged 16 to 74 used AI tools in the three months preceding the interview, primarily for personal purposes. Usage is particularly high among 16 to 24-year-olds (76.5%) and students (81.5%).

Internet access remains widespread, with 89.5% of residents going online recently. Nearly half (49.6%) placed orders online, primarily for clothing, footwear, and fashion accessories, while 74.2% accessed public service websites, often using a Citizen Card or Digital Mobile Key for authentication.

Digital skills are growing, with 59.2% of the population reaching basic or above basic levels. Young adults and tertiary-educated individuals show the highest digital proficiency, at 83.4% and 88.4% respectively.

Household internet penetration stands at 90.9%, predominantly via fixed connections.

Concerns about online safety are on the rise, as 45.2% of internet users reported encountering aggressive or discriminatory content, up from 35.5% in 2023. Reported issues include discrimination based on nationality, politics, and sexual identity.

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Nokia to invest 4 billion in AI-ready US networks

Nokia has announced a $4 billion expansion of its US research, development, and manufacturing operations to accelerate AI-ready networking technologies. The move builds on Nokia’s earlier $2.3 billion US investment via Infinera and semiconductor manufacturing plans.

The expanded investment will support mobile, fixed access, IP, optical, data centre networking, and defence solutions. Approximately $3.5 billion will be allocated for R&D, with $500 million dedicated to manufacturing and capital expenditures in Texas, New Jersey, and Pennsylvania.

Nokia aims to advance AI-optimised networks with enhanced security, productivity, and energy efficiency. The company will also focus on automation, quantum-safe networks, semiconductor testing, and advanced material sciences to drive innovation.

Officials highlight the strategic impact of Nokia’s US investment. Secretary of Commerce Howard Lutnick praised the plan for boosting US tech capacity, while CEO Justin Hotard said it would secure the future of AI-driven networks.

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Armenia promotes AI partnership during ambassador’s meeting with Apple in Cupertino

Armenia’s ambassador, Narek Mkrtchyan, has met senior Apple representatives in Cupertino to discuss expanding the company’s activities in the country. The visit included talks with Jason Lundgaard, Apple’s senior director for international cooperation at corporate government affairs.

The ambassador outlined the Armenia–US memorandum on AI and semiconductor cooperation signed on 8 August and highlighted Armenia’s technology ecosystem and investment potential. Both sides explored areas for collaboration and the conditions under which Apple could expand its presence.

Apple plans to send a delegation to Armenia in the coming period to assess opportunities for growth and engagement with local institutions. The discussions signalled early steps toward a more structured partnership.

During the meeting, the ambassador thanked Mr Lundgaard for supporting the launch of Apple’s first educational programme at the Armenian College of Creative Technologies. The initiative forms part of a wider effort to strengthen skills development in Armenia’s digital sector.

Both sides reiterated their commitment to deepen cooperation and expand the educational partnership as Armenia positions itself as a regional hub for advanced technologies.

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Bangladesh unveils national roadmap for ethical AI development

Bangladesh has launched its first national AI Readiness Assessment Report to guide ethical, inclusive and rights-centred development of AI across public services.

The report was unveiled in Dhaka with representatives from government, international organisations, academia, civil society and the private sector. Officials described the assessment as a pivotal step as the country prepares for an increasingly AI-driven era.

The report outlines Bangladesh’s current strengths, including solid progress in e-government and high public trust in digital services, while also identifying areas requiring urgent attention.

Connectivity gaps, digital divides, limited computing capacity and the need for stronger data protection and cybersecurity remain key challenges. Policymakers noted that evidence-based decisions are essential as Bangladesh completes its National AI Policy.

International partners highlighted that the direction of AI development will depend heavily on choices made today. Strengthening digital infrastructure, improving skills, and building rights-driven governance structures were cited as central to ensuring AI benefits all communities.

Stakeholders also stressed the importance of using AI to improve services across health, education, justice and social protection without deepening existing inequalities.

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