stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU

stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU
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stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU

stc Group Announces Launch of 11th Batch to Support Digital Innovation through inspireU

stc Group, the engine of digital transformation, has announced the launch of the 11th intake of the "inspireU: General Program", a program designed to propel early-stage startups forward with a focus on strategic domains by having a specialized track on gaming with stc play, cybersecurity with sirar by stc, fintech with stc Bank, and IoT with iot squared, according to an stc press release.
Aligned with Saudi Arabia's Vision 2030, inspireU aims to diversify the economy and foster digital innovation, SPA reported.

Through this program, stc creates a supportive environment for startups and enables entrepreneurs. The program aims to accelerate worldwide startup growth and create value for stc by facilitating the link between stc ecosystem startups, offering international and local promotional exposure, soft-landing support, services from inspireU partners, office space 24/7, Silicon Valley expertise, world-class mentoring, and fundraising support.
Since its inception in 2015, the inspireU program has been a beacon of success, accelerating and promoting over 110 digital startups across diverse fields. These startups have generated investments exceeding 1 billion SAR and have developed a market value of more than 12 billion SAR.

This success has translated into over 600,000 direct and indirect job opportunities, benefiting a user of more than 40 million individuals.
The program also aims to significantly impact the region, fostering innovation and accelerating growth. In addition, its contribution to the local and global entrepreneurial landscape is anticipated to positively influence the GDP and drive technological advancements.



Huawei Says it Has Made Huge Strides, from Operating Systems to AI 

A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 17, 2021. (Reuters) 
A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 17, 2021. (Reuters) 
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Huawei Says it Has Made Huge Strides, from Operating Systems to AI 

A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 17, 2021. (Reuters) 
A view shows a Huawei logo at Huawei Technologies France headquarters in Boulogne-Billancourt near Paris, France, February 17, 2021. (Reuters) 

China's Huawei Technologies said on Friday it had made breakthroughs in fields from operating systems to artificial intelligence, and that it had taken the company 10 years to do what the United States and Europe took 30 years to achieve.

Richard Yu, chairman of Huawei's Consumer Business Group, was speaking at the opening of a three-day developer conference in the southern Chinese city of Dongguan, where he said the company's Harmony operating system was now available on more than 900 million devices.

"Harmony has made major breakthroughs. You can say in 10 years we've achieved what it took our European and American counterparts more than 30 years to do, in terms of building the core technology of an independent operating system," Yu said.

The company's Ascend artificial intelligence infrastructure - the most powerful from a Chinese company - was now the second most popular after Nvidia, which dominates the market for AI chips, Yu added.

Operating systems and other software have been dominated by Europe and the United States for a long time, although the era of internet of things has given Huawei an opportunity to overtake them, he said.

In the first quarter of 2024, Huawei's HarmonyOS, its in-house version of the operating system, surpassed Apple's iOS to become the second best-selling mobile operating system in China behind Android with a 17% market share, research firm Counterpoint said.