Top Banner

Latest News Slider

Dubai Supreme Council of Energy discusses waste-to-energy strategies

H.H. Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Dubai Supreme Council of Energy presided the 69th meeting held virtually. Saeed Mohammed Al Tayer, vice chairman of the Dubai…

UAE: A hub for digital economy

Adopting the UAE digital economy strategy, His Highness Sheikh Mohammed bin Rashid Al Maktoum said that the goal over the next 10 years is to increase the contribution of this…

ADDC and Abu Dhabi University to advance innovation in utility sector

The Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a memorandum of understanding (MoU) with Abu Dhabi University (ADU) to accelerate…

Enough with Covid19

The Corona virus-laden two years drastically transformed how the world operated and functioned. Both governments and their citizens were compelled to go through circumstances that had not been figured in…

UAE to have world's first regulated carbon trading and clearing house

The world’s first fully regulated carbon trading exchange and carbon clearing house is set to be established in Abu Dhabi, the capital of the UAE.

MMP SCWF 728x90

French operator partners with Google to fund AI start-ups in the Middle East

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive

It has been further disclosed that Orange and Google are particularly interested in funding starts-ups in specific areas such as AI, Internet of Things, Cloud and Cybersecurity. CEO of Orange, Stephane Richard expressed his delight at the collaboration agreement it has entered with Google, and said emerging technologies such as Artificial Intelligence and Internet of Things represent huge opportunities for entrepreneurs and enterprises.

The CEO said, "We are very proud to announce this partnership which will enable start-ups supported by Orange Digital Ventures to explore potential co-investment opportunities with Google. Through this partnership - we stand to reinforce Orange Digital Ventures' Smart Money value-proposition by offering entrepreneurs with whom we work much more than just financing.

EMEA President of Google Partnerships, Carlo d'Asaro Biondo said that Orange's ecosystem perfectly complements Google's nous and expertise in accelerating the growth of start-ups. He said, "This partnership is a way to enhance our collective contribution to innovation in this region.

Marc Rennard, CEO of Orange Digital Ventures, added, "From time to time, it's difficult to have a place at the table. When a start-up decides to call for investors - they might cover all their needs from others, without any possibility of us entering too. But with Google plus Orange, I think the company will think twice before rejecting us, so it may help us."

Tech Crunch also noted that with Google under scrutiny for alleged anticompetitive practices in Europe, investing in start-ups in the region is a way of showing it supports smaller businesses.