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King Salman Global Academy for Arabic Language Participates in GITEX Global 2024

King Salman Global Academy for Arabic Language Participates in GITEX Global 2024
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King Salman Global Academy for Arabic Language Participates in GITEX Global 2024

King Salman Global Academy for Arabic Language Participates in GITEX Global 2024

Saudi Arabia’s King Salman Global Academy for Arabic Language (KSGAAL) is participating in the GITEX Global 2024 exhibition in Dubai from October 14 to 18 to highlight some of its strategic projects, particularly its linguistic computing initiatives.

KSGAAL Secretary General Dr. Abdullah bin Saleh Al-Washmi said that participating in the exhibition is a highly significant strategic step as the world's leading tech companies convene, especially given the academy's growing role in linguistic computing and artificial intelligence (AI).

He described the event as an ideal platform to showcase innovations and projects that serve the Arabic language by leveraging advanced modern technologies in line with the objectives of the Human Capability Development Program, one of the Saudi Vision 2030 initiatives.

Through its participation at its GITEX Global 2024 pavilion, KSGAAL aims to showcase its efforts in serving the Arabic language and its role in developing AI-based tools and technologies to support the language's use in various tech sectors.

The exhibition also offers an opportunity for collaboration with global tech companies and institutions, enabling the academy to benefit from the latest technological advancements and apply them to its future linguistic projects.

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Dell Forecasts Downbeat Fourth-Quarter Revenue on PC Weakness

The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
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Dell Forecasts Downbeat Fourth-Quarter Revenue on PC Weakness

The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)

Dell forecast fourth-quarter revenue below Wall Street expectations on Tuesday, weighed down by weaker demand for its traditional PCs and competition from rival server makers, sending its shares down more than 10% in extended trading.

Despite booming demand for the company's AI-optimized servers used to handle large artificial intelligence workloads, Dell's PC segment has been grappling with stiff competition from rivals and weak consumer spending amid an uncertain economy.

Enterprise customers are being mindful of their PC and IT spending in the short term, Dell executives said on a post-earnings conference call, adding that the company's consumer business was weaker than expected.

Dell forecast fourth-quarter revenue between $24 billion and $25 billion. The average analyst estimate is $25.57 billion, according to data compiled by LSEG.

"The entire PC market is in a transition period and moving towards on-device AI functionality which still isn't that defined and is expected to solidify in 2025," Gadjo Sevilla, senior analyst for AI and Tech at Emarketer, said.

Revenue from Dell's client solutions group, which houses its PC business, came in at $12.13 billion, below expectations of $12.43 billion.

Rival PC maker HP also provided a weak first-quarter profit forecast, while electronics retailer Best Buy trimmed its annual forecasts against the backdrop of weak consumer electronics demand.

Investors are also keenly eyeing Dell's costs after the company flagged in May that higher expenses to build AI-heavy servers and competitive pricing would hurt its margins.

"Interest in our portfolio is at an all-time high, driving record AI server orders demand of $3.6 billion in Q3 and a pipeline that grew more than 50%," Dell's Chief Operating Officer Jeff Clarke said on Tuesday.

Revenue from the company's infrastructure solutions group unit, which houses its AI servers business, rose 34% to $11.37 billion and beat estimates.

Dell reported revenue of $24.37 billion in the third quarter, missing estimates of $24.67 billion.