There are multiple opportunities for tokenization, digitization, blockchain adoption in the Middle East, particularly in the banking sector, said Bob Diamond, CEO at Atlas Merchant Capital and former top boss at Barclays. "There's nowhere better than this center to have a second center of trading of tokenized assets to have the financial services industry here, and particularly the banks in Abu Dh...
There are multiple opportunities for tokenization, digitization, blockchain adoption in the Middle East, particularly in the banking sector, said Bob Diamond, CEO at Atlas Merchant Capital and former top boss at Barclays. "There's nowhere better than this center to have a second center of trading of tokenized assets to have the financial services industry here, and particularly the banks in Abu Dhabi and Dubai and Doha, really using blockchain as the underlying technology of their financial institutions," Diamond told CNBC's " Access Middle East ." Middle Eastern banks are at an advantage as they are more agile with less worries about legacy systems, according to Diamond. Diamond said digital platforms offering 24/7 trading, instant settlement, auditable records and lower costs compared to traditional exchanges could add depth to capital markets, especially as major private companies such as SpaceX move toward IPOs. "One of the real advantages in Abu Dhabi, where they're attracting a lot of the tokenization efforts here, is the ability to attract talent, the ability to attract capital, but also a very, very strong regulatory environment and a very, very strong infrastructure, so we're going to see continued developments," he said. Tokenized finance refers to using blockchain-style technology to represent financial assets as digital tokens. Diamond also sees resilience in the U.S., particularly among middle-market companies, citing tailwinds as government agencies cut regulation. "U.S. corporates are performing extremely well in this environment, and I think a lot of the reason is removing regulation, you know, as an obstacle in giving them an opportunity to really drive execution," Diamond said, adding support from the Treasury, the Securities and Exchange Commission and the Commodity Futures Trading Commission. "One of the things that's always stood out to me in the US in terms of that economy staying strong in times of great volatility is the depth of the capital ...
Online publishers are getting more control over whether their websites appear in Google's AI Search features, thanks to a UK regulatory ruling. The new conduct rule imposed by the Competition and Markets Authority (CMA) requires Google to let website owners keep their content out of features like AI Overviews, and prevent it from being used for the "fine-tuning" of Google's AI models. "In a world ...
Online publishers are getting more control over whether their websites appear in Google's AI Search features, thanks to a UK regulatory ruling. The new conduct rule imposed by the Competition and Markets Authority (CMA) requires Google to let website owners keep their content out of features like AI Overviews, and prevent it from being used for the "fine-tuning" of Google's AI models. "In a world first, publishers will now have effective tools to prevent their content being used to power AI features in search, such as AI Overviews," the CMA announced. "This will put publishers, like news organizations, in a stronger position to negotiate c … Read the full story at The Verge.
Private infrastructure and real estate capital are expected to play a larger role in financing the AI-driven data-center boom, as companies move beyond traditional forms of funding, Goldman Sachs said in a note on Tuesday. Goldman increased its combined capex forecast for the four largest hyperscalers - Meta, Microsoft, Amazon, and Alphabet - to $5.3 trillion between fiscal years 2025 and 2030....
Private infrastructure and real estate capital are expected to play a larger role in financing the AI-driven data-center boom, as companies move beyond traditional forms of funding, Goldman Sachs said in a note on Tuesday. Goldman increased its combined capex forecast for the four largest hyperscalers - Meta, Microsoft, Amazon, and Alphabet - to $5.3 trillion between fiscal years 2025 and 2030. Prior to the start of first-quarter earnings, the Wall Street brokerage forecast capex at $4.5 trillion for the same period.