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Arab League to Hold Regional Meeting on Intellectual Property, AI on Wednesday

Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP
Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP
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Arab League to Hold Regional Meeting on Intellectual Property, AI on Wednesday

Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP
Arab League foreign ministers meet during an annual meeting in Cairo, Egypt. File/AP

The Arab League's Intellectual Property and Competitiveness Unit is scheduled to hold a regional meeting on intellectual property and artificial intelligence (AI) on Wednesday via videoconference. The meeting will feature the participation of several experts from the World Intellectual Property Organization, as well as representatives of government intellectual property offices in Arab countries.
In a statement, Minister Plenipotentiary and Director of the Legal Affairs and Intellectual Property and Competitiveness Unit at the Arab League Dr. Maha Bakhit said that the meeting's agenda includes several topics, such as the best ways to use intellectual property to support AI development, the impact of AI on patents, legislative efforts aimed at addressing the legal challenges posed by AI, and the implications for AI copyright, SPA reported.
Bakhit added that the meeting aims to utilize intellectual property to protect AI models, bring about significant improvements in intellectual property services, and achieve tangible development in the delivery and management of services in intellectual property offices.

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Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
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20
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Pinterest Shares Surge as Strong Ad Spend Defies Tariff Uncertainty

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. (Reuters)

Pinterest shares jumped more than 11% on Friday, after a strong quarterly revenue forecast allayed investor jitters about the uncertainty of advertising spending on its platform amid global economic volatility.

Its robust first-quarter revenue positions it alongside peers Reddit and Facebook-parent Meta, which also saw strong top-line results at a time when deepening global trade tensions have clouded the outlook for many firms dependent on marketing spend.

A shifting US trade policy coupled with escalating geopolitical tensions have sparked fears of a spike in inflation levels and a possible recession, prompting a broader pullback in consumer and enterprise spending.

However, Pinterest's focus on strengthening the effectiveness of its artificial intelligence tools for creating ad campaigns and a growing Gen Z userbase makes it an attractive destination for marketers.

"AI is helping to serve up the right type of ads for different audience segments, which ultimately means there could be a greater propensity to click on the ad if it is relevant," said Dan Coatsworth, investment analyst at AJ Bell.

Pinterest's global monthly active users rose 10% from a year earlier to 570 million in the first quarter, exceeding analysts' expectations according to data compiled by LSEG.

"We believe Pinterest's strategic focus on AI improvements and international expansion is yielding results," said Angelo Zino, senior equity analyst at CFRA Research.

Pinterest flagged a reduction in spending from Asian e-commerce retailers due to the roll-back of the "de minimis" exemption earlier this year, which led notable Chinese advertisers including online marketplace Temu and fast-fashion retailer Shein to slash ad budgets.

Barclays analysts said they expect "trends to worsen in e-commerce advertising" later this year if and when tariffs impact consumer spending.

If gains hold, Pinterest is set to add around $2 billion to its market cap.

The company trades at 14.51 times the estimates of its earnings for the next 12 months, compared with Reddit's 67.65 and Snap's 22.19.