FutureMain, Sensoteq, Al Bahlaq Trading, and Colonel have formed a strategic partnership at ADIPEC 2024 to accelerate the global expansion of FutureMain’s ExRBM industrial predictive maintenance solution, particularly in the Middle Eastern market. That collaboration integrates Sensoteq’s advanced wireless sensor technology with FutureMain’s AI-powered ExRBM solution, enabling real-time monitoring of equipment conditions and proactive maintenance through precise diagnostics.
As a result, the sensors help detect potential failures early, minimising downtime and reducing maintenance costs. Moreover, Colonel and Al Bahlaq Trading, UAE-based companies with expertise in data development, IoT, and security systems, will support the local implementation and market entry of ExRBM in the region.
By leveraging their extensive networks, they will provide customised solutions that address specific industrial needs. Together, these partnerships aim to improve operational efficiency, enhance equipment reliability, and offer tailored solutions that reduce equipment failures, optimise productivity, and create long-term customer value in the Middle East.
Additionally, the collaboration highlights the tangible benefits that clients will experience, including cost savings and productivity gains. Furthermore, the partnership reaffirms the commitment to advancing technology and expanding global partnerships, ultimately delivering differentiated value to the industrial sector. That will create a stable environment for regional customers to adopt ExRBM effectively and achieve long-term operational improvements.
California’s sole remaining nuclear power plant, Diablo Canyon, is adopting artificial intelligence to navigate the complex challenges of staying operational. Pacific Gas & Electric (PG&E) has partnered with Atomic Canyon, a local startup, to deploy an AI system called Neutron Enterprise. The tool will help manage the plant’s decades-old infrastructure by analysing and organising millions of historical documents, a task critical for meeting federal licensing requirements to keep the facility running for another 20 years.
Located on the coast between San Francisco and Los Angeles in the US, the Diablo Canyon facility was commissioned in 1985 and once slated for closure. However, in 2022, California reversed course to meet its ambitious carbon-reduction targets. The plant’s vice president, Maureen Zawalick, revealed that the facility stores over 9 million records, many originating from outdated formats like microfiche, making data retrieval and management a daunting task.
Using NVIDIA-powered systems, Atomic Canyon’s software can process these archives in natural language, significantly improving document accessibility and usability. According to the startup’s founder, Trey Lauderdale, the AI will streamline data searches, saving time and resources. Over time, the technology may also optimise maintenance schedules, an effort-intensive process that requires careful coordination of the plant’s aging systems.
NatWest Group has prohibited the use of messaging apps like WhatsApp, Facebook Messenger, and Skype on company devices in the UK. The decision aims to prevent employees from using unapproved platforms to discuss business matters, enhancing oversight and compliance. These platforms, known for disappearing messages, raise concerns over accountability and record-keeping.
The bank’s updated policy comes as regulatory scrutiny over ‘off-channel’ communications intensifies. UK and US regulators have fined banks billions in recent years for failing to retain such communications. NatWest emphasised that all work-related discussions should occur on approved, retrievable channels to ensure transparency.
The Financial Conduct Authority is reportedly considering a broader investigation into the use of private messaging in UK banks. Beyond banking, similar issues have arisen in government, including the loss of key WhatsApp messages during the UK Covid-19 pandemic, raising questions about accountability in public affairs.
Indonesian students are now encouraged to explore AI and coding to unlock new talents and prepare for a tech-driven future. Deputy Minister of Creative Economy Irene Umar stated that the option to study these subjects opens opportunities for young people, but she urged schools to make these courses voluntary rather than mandatory, allowing students to choose these areas of study according to their interests.
AI and coding education is part of Vice President Gibran Rakabuming Raka’s vision for a ‘Golden Indonesia’, aiming to create a generation equipped with essential digital skills. The initiative seeks to introduce these courses at both primary and secondary education levels, supporting Indonesia’s global competitiveness in a world increasingly shaped by technology.
The internet, widely accessible across Indonesia, offers new avenues for self-directed learning in AI and coding, according to Umar. She pointed out that many Indonesian game developers have already taught themselves coding through online resources, demonstrating that digital skills can be acquired outside formal educational settings.
Umar highlighted the potential of AI and coding to inspire Indonesia’s youth, noting that with the right digital knowledge, young Indonesians can become innovative leaders. Harnessing this potential could foster new ideas and entrepreneurial success, helping to fulfil Indonesia’s vision of a future led by a skilled, tech-savvy generation.
Visa has announced a partnership with fintech Affirm to introduce a new feature allowing United States customers to use a single card for both debit transactions and buy now, pay later (BNPL) purchases. The feature aims to meet growing consumer demand for payment flexibility. Visa will also launch the service in the United Arab Emirates in collaboration with Liv Bank and plans to expand to Europe in the coming months.
Mark Nelsen, Visa‘s global head of consumer products, highlighted that customers increasingly prioritise convenience in payments, especially as e-commerce continues to thrive. A Visa study revealed that 51% of card users desire access to multiple accounts and funding options through a single credential, streamlining their payment experiences. The ‘Flexible Credential’ feature is already available in markets such as Hong Kong, Japan, and Singapore, with further expansion planned over the next year.
Visa and Affirm’s collaboration signals a growing trend of traditional financial institutions working with fintech firms to drive innovation. While fintech companies have often been seen as challengers to established banks, such partnerships can benefit both sides by unlocking new revenue opportunities. Affirm CEO Max Levchin emphasised the company’s commitment to providing a seamless product that integrates debit and credit without hidden fees.
SoftBank is making strides in Japan’s AI landscape, using Nvidia’s latest Blackwell chip technology to drive advancements in artificial intelligence and telecommunications. The telecom giant plans to construct Japan’s most powerful AI supercomputer, integrating Nvidia’s Blackwell and Grace Blackwell platforms to create a robust system for advanced AI applications.
In a pioneering trial, SoftBank tested an AI-enabled 5G network that utilises Nvidia’s AI Aerial platform, potentially unlocking new revenue streams for telecom providers. By converting telecom base stations into AI-ready infrastructure, SoftBank demonstrated how its AI-RAN technology can optimise both 5G network performance and support for AI services, allowing for the monetisation of unused network capacity.
Through this collaboration, Nvidia and SoftBank foresee telecom operators generating substantial returns, estimating up to $5 in AI revenue for every $1 invested in AI-RAN infrastructure. SoftBank’s energy-efficient AI network is designed for real-time AI inference, supporting applications like autonomous vehicle operations and robotics, and transforming Japan’s telecom industry into a global AI leader.
A future Nvidia-powered AI marketplace aims to broaden access to AI services across various sectors in Japan. By enabling localised, secure, and low-latency AI solutions, SoftBank is set to provide innovative AI support for sectors from healthcare to research, positioning Japan at the forefront of the AI revolution.
The US Commerce Department has pledged up to $18.2 million in funding to California-based Akash Systems to build a 40,000-square-foot cleanroom facility dedicated to advanced semiconductor manufacturing in West Oakland, California. This funding, part of the $52.7 billion semiconductor subsidy program, will be combined with Akash’s own investments and venture capital to create a $121 million production site for Diamond Cooling substrates and systems designed to enhance thermal management in AI-driven data centres.
Akash CEO Felix Ejeckam highlighted this investment as a significant step in meeting the challenges of high-performance computing. Last year, the company also established a landmark labor neutrality agreement for West Oakland semiconductor production workers in partnership with the IUE-CWA union, covering both construction and production roles.
The announcement comes as the Commerce Department works to finalise semiconductor grants under the 2022 Chips and Science Act, aimed at bolstering US-based chip production to reduce reliance on Asia. Thus far, around 20 companies have been awarded 36 billion in preliminary agreements, including a finalised $123 million deal with Polar Semiconductor to modernise its facility in Minnesota. Additional awards for major chipmakers, including Taiwan Semiconductor Manufacturing Co. and GlobalFoundries, are expected before the administration transition in January.
Elon Musk’s Starlink has received government approval to provide satellite internet in Chad, aiming to bridge the country’s significant connectivity gap. With only 12% of the population online as of 2022, the move is expected to bring internet access to remote regions lacking fiber-optic coverage. Communications Minister Boukar Michel confirmed the agreement, noting that better connectivity could spur public service digitalisation and tech start-up growth.
The satellite internet provider, a division of SpaceX, operates in several African nations, including Nigeria and Madagascar, though it has encountered regulatory hurdles elsewhere. In Chad, Starlink’s deployment is seen as a solution to the nation’s limited infrastructure. Elon Musk celebrated the expansion with an announcement on social media, declaring, ‘Starlink now available in Chad!’.
Despite its growing presence, Starlink has faced resistance from state-run telecom monopolies in some regions. In Cameroon, its equipment was seised earlier this year due to licensing issues. Meanwhile, local telecom operators in countries like Kenya are urging regulators to require partnerships between satellite services and national mobile providers.
Adobe has unveiled new AI tools that allow users to create modified images from its stock photo library while ensuring the original creators are compensated. The software giant, known for products like Photoshop, has been rapidly integrating AI into its platform as it faces competition from newer firms like OpenAI. Adobe‘s strategy focuses on making AI-generated content legally safe for commercial use and guaranteeing fair payments for artists.
The newly released tools enable customers to take stock images and modify them with AI to meet specific requirements. Adobe compensates the original image creators as if their unmodified work was used, ensuring fair earnings. Matthew Smith, Adobe’s vice president for strategy, design, and emerging products, emphasised that the goal is to enhance creative possibilities, not replace traditional stock imagery or artists.
Smith also highlighted the demand for flexible content creation. While some users prefer generating images from text prompts, many still need to adapt conventional stock images to fulfil their unique purposes. Generative AI, he said, provides an opportunity for creatives to increase their potential earnings by making their contributions more adaptable.
China’s Taiwan Affairs Office has criticised a recent US decision to halt Taiwan Semiconductor Manufacturing Co. (TSMC) from shipping advanced chips to certain Chinese customers. The office’s spokeswoman, Zhu Fenglian, stated that the US is ‘playing the Taiwan card’ to heighten tensions in the Taiwan Straits and that the move negatively impacts Taiwanese businesses. This statement follows reports that TSMC stopped these shipments on Monday after an order from US authorities.
The restricted chips, widely used in AI technology, are part of ongoing US efforts to tighten export controls amid rising bipartisan concerns over Chinese access to advanced tech. The restrictions follow a recent notification by TSMC to the US Commerce Department, revealing that one of its chips was used in a Huawei AI processor. Huawei, a central figure in US-China tech tensions, has been under trade restrictions, requiring suppliers to secure licenses for any technology exports.
