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Dubai To Issue Licenses To Support AI And Web3 Businesses
The licenses will be 90% subsidized and support the emirate’s push to transform itself into a digital society.
Dubai will issue commercial licenses to help artificial intelligence and Web3 startups to set up businesses as the UAE aims to attract more investment and further digitize its economy.
The licenses will be issued by the AI and Web 3.0 Campus through the Dubai International Financial Center and will be 90% subsidized, the DIFC said on Monday.
The activities will include AI research and consultancies, IT infrastructure, technology research and development, and public networking services.
“We are confident that by granting these licenses, we will attract more global talent and investment to the region and create a culture of collaboration and innovation. This is a notable milestone for the Dubai AI and Web3 Campus and will strengthen Dubai’s position as the business destination of choice for technology-focused companies,” explained Mohammad Alblooshi, chief executive of the DIFC Innovation Hub.
Launched in June, the campus aims to form the largest cluster of AI and Web3 companies in the MENA region. DIFC aims to attract over 500 companies by 2028, bring $300 million in funds, and create more than 3,000 jobs over the next five years.
Also Read: USB-C Will Be Mandatory From 2025 For All Saudi Smart Devices
AI has rapidly gained traction as the digital economy grows and countries continue to encourage its adoption. The technology is already in widespread use for online shopping, search engines, smart homes, data analysis, speech and face recognition systems, and more.
For businesses, AI could add between $2.6 trillion and $4.4 trillion annually, according to a recent study from McKinsey. Web3, meanwhile, encompasses blockchain and general decentralization and is projected to contribute $15 billion to GCC economies annually by 2030.
News
Samsung Smart Glasses Teased For January, Software Reveal Imminent
According to Korean sources, the new wearable will launch alongside the Galaxy S25, with the accompanying software platform unveiled this December.
Samsung appears poised to introduce its highly anticipated smart glasses in January 2025, alongside the launch of the Galaxy S25. According to sources in Korea, the company will first reveal the accompanying software platform later this month.
As per a report from Yonhap News, Samsung’s unveiling strategy for the smart glasses echoes its approach with the Galaxy Ring earlier this year. The January showcase won’t constitute a full product launch but will likely feature teaser visuals at the Galaxy S25 event. A more detailed rollout could follow in subsequent months.
Just in: Samsung is set to unveil a prototype of its augmented reality (AR) glasses, currently in development, during the Galaxy S25 Unpacked event early next year, likely in the form of videos or images.
Additionally, prior to revealing the prototype, Samsung plans to introduce…
— Jukanlosreve (@Jukanlosreve) December 3, 2024
The Galaxy Ring, for example, debuted in January via a short presentation during Samsung’s Unpacked event. The full product unveiling came later at MWC in February, and the final release followed in July. Samsung seems to be adopting a similar phased approach with its smart glasses, which are expected to hit the market in the third quarter of 2025.
A Collaborative Software Effort
Samsung’s partnership with Google has played a key role in developing the smart glasses’ software. This collaboration was first announced in February 2023, with the device set to run on an Android-based platform. In July, the companies reiterated their plans to deliver an extended reality (XR) platform by the end of the year. The software specifics for the XR device are expected to be unveiled before the end of December.
Reports suggest that the smart glasses will resemble Ray-Ban Meta smart glasses in functionality. They won’t include a display but will weigh approximately 50 grams, emphasizing a lightweight, user-friendly design.
Feature Set And Compatibility
The glasses are rumored to integrate Google’s Gemini technology, alongside features like gesture recognition and potential payment capabilities. Samsung aims to create a seamless user experience by integrating the glasses with its broader Galaxy ecosystem, starting with the Galaxy S25, slated for release on January 22.
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