The Consumer Electronics Show in Las Vegas will again be dented by the pandemic with many exhibitors opting for virtual display. AFP
The Consumer Electronics Show in Las Vegas will again be dented by the pandemic with many exhibitors opting for virtual display. AFP
The Consumer Electronics Show in Las Vegas will again be dented by the pandemic with many exhibitors opting for virtual display. AFP
The Consumer Electronics Show in Las Vegas will again be dented by the pandemic with many exhibitors opting for virtual display. AFP

From Apple to Meta: what the tech giants have planned for 2022


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Covid-19 radically changed many things about our lives, not least our relationship with technology. As we approach the second anniversary of the declaration of the pandemic, technological innovation is playing an ever-greater role in the way we work, communicate and entertain ourselves, and that surge now looks set to continue well into 2022.

The impact on the tech industry itself has been profound, too. While the pandemic supercharged the development and adoption of some technologies, turning some companies into big winners, others found themselves in something of a holding pattern, held up by chip shortages, hardware scarcity and economic turmoil.

LG at CES

Every January, the eyes of the industry alight on the world’s biggest tech show, Consumer Electronics Show (CES) in Las Vegas, as it showcases some of the latest ideas and drops hints towards the direction of travel. But for the second year running, its impact will be severely dented by Covid, with Google, Amazon, Intel, Twitter and other major exhibitors having pulled out in recent days over health and safety fears.

This news may end up overshadowing that of the technology itself, but the show will still be happening virtually. It promises new categories relating to space travel and food, alongside the usual collection of eye-popping prototypes.

Korean tech giant LG, for example, is set to unveil its Media Chair, a futuristic personal pod incorporating a recliner kitted out with speakers and enveloped by a huge wrap-around screen.

The Media Chair is a modern relaxation device combining a 55-inch OLED TV display with a comfortable recliner. Photo: LG Display
The Media Chair is a modern relaxation device combining a 55-inch OLED TV display with a comfortable recliner. Photo: LG Display

Apple cars and glasses

One company never exhibits its products at CES, and that’s Apple. The past year has been pretty quiet by its standards, and this has fuelled more rumour than usual about its plans for 2022. Speculation that the company is moving into car manufacturing is once again rife, after car makers including Hyundai and Nissan issued statements last year denying their involvement.

More imminent, however, is the prospect of a pair of smart spectacles, with one reliable tech analyst, Ming-Chi Kuo, predicting a launch before the end of 2022. Ever since the lukewarm response to Google Glass – very much a product before its time – and more recent ones such as Magic Leap, the sector has felt somewhat tainted. Apple, however, is more likely to succeed where others have failed. The device is rumoured to be capable of both augmented reality (AR, information laid over the real world) and virtual reality (VR, effectively transporting you to a different computer-generated space). And once again, it’s being touted as a technology that could ultimately replace the smartphone.

Will you enter the metaverse?

Facebook recently rebranded its parent company as Meta, signalling an attempt in the coming year to accelerate its much-hyped venture into the so-called metaverse. That will involve promotion of the use of VR both at work (reimagining remote collaboration, with avatars and 3D spaces) and at play (ever-more realistic gaming scenarios). But the headsets are still clunky, the ecosystem very much in its infancy, and public enthusiasm seems limited to geeks and early adopters. It may be many years before the majority of us feel like entering the metaverse, but you can be sure that in 2022 we’ll be repeatedly told that it’s something we ought to be doing.

TikTok and Instagram: social media dominates

While Meta focuses more on VR than the Facebook platform that brought its wealth, TikTok has recently vaulted it – and Google, would you believe? – to become the world’s most popular online destination. As its number of daily users heads towards 1.5 billion, it will become a huge economic force as marketing opportunities expand and its stars begin to rake in huge sums.

Meanwhile, Instagram is seeking to recapture some of the users it has lost by reintroducing a chronological feed in the first quarter of 2022. By offering posts in chronological order – rather than posts most likely to grab attention – it will put greater control back into the hands of its users, while also countering criticism for enabling addictive behaviour. That criticism will inevitably mount up at TikTok, too, as young people devote more hours to scrolling through its feeds.

What will happen to our smartphones?

Our window to this social media world is primarily the smartphone, and low-cost Android handsets are set to get a boost in 2022 with a new version of the operating system Android Go. While a software update may look uninteresting on paper, its impact on smartphone owners in low-income countries could be huge, with faster operation and battery-saving technology enhancing both the life and the usability of those devices.

In the high-end world, meanwhile, 2022 could spell the end of that little wedge of plastic, the SIM, which has been dutifully slotted into cellphones for decades. Apple is rumoured to be producing its first eSIM-only iPhone by the autumn of 2022.

NFTs continue to rise

Of less relevance to the real world, but no less discussed, are the nebulous entities of cryptocurrencies and non-fungible tokens (NFTs), whose existence and value is predicated on their provable digital scarcity. There’s certainly no lack of interest in them: Coinbase, a cryptocurrency exchange app, overtook TikTok on a couple of occasions in 2021 to become the most downloaded app on Apple devices, while sales of NFTs are hitting record highs; auction house Sotheby’s sold 28 NFT lots in June for $17.1 million.

The question to be answered in 2022 and beyond is whether these conceptual belongings are as they’ve been billed, i.e. a thrilling opportunity for humanity and a glorious symbol of self-governance. Or, conversely, whether they’re a global grift to enable the rich to become richer, while the computer power that’s used to magic them into being continues to wreak damage on the environment.

The world will be watching, with a raised eyebrow.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.

• Met Donald Trump at the White House and received his backing.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
What is Bitcoin?

Bitcoin is the most popular virtual currency in the world. It was created in 2009 as a new way of paying for things that would not be subject to central banks that are capable of devaluing currency. A Bitcoin itself is essentially a line of computer code. It's signed digitally when it goes from one owner to another. There are sustainability concerns around the cryptocurrency, which stem from the process of "mining" that is central to its existence.

The "miners" use computers to make complex calculations that verify transactions in Bitcoin. This uses a tremendous amount of energy via computers and server farms all over the world, which has given rise to concerns about the amount of fossil fuel-dependent electricity used to power the computers. 

Tips to avoid getting scammed

1) Beware of cheques presented late on Thursday

2) Visit an RTA centre to change registration only after receiving payment

3) Be aware of people asking to test drive the car alone

4) Try not to close the sale at night

5) Don't be rushed into a sale 

6) Call 901 if you see any suspicious behaviour

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

COMPANY%20PROFILE%20
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MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The%C2%A0specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%20%20%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E646hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E830Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ETwo-speed%20auto%20(rear%20axle)%3B%20single-speed%20auto%20(front)%20%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh552%2C311%3B%20Dh660%2C408%20(as%20tested)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
THE SPECS

Engine: 3.6-litre V6

Transmission: eight-speed automatic

Power: 285bhp

Torque: 353Nm

Price: TBA

On sale: Q2, 2020

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EGrowdash%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJuly%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESean%20Trevaskis%20and%20Enver%20Sorkun%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ERestaurant%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%20so%20far%3A%3C%2Fstrong%3E%20%24750%2C000%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Plus%20VC%2C%20Judah%20VC%2C%20TPN%20Investments%20and%20angel%20investors%2C%20including%20former%20Talabat%20chief%20executive%20Abdulhamid%20Alomar%2C%20and%20entrepreneur%20Zeid%20Husban%3C%2Fp%3E%0A
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now

States of Passion by Nihad Sirees,
Pushkin Press

Company%20profile
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How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Family reunited

Nazanin Zaghari-Ratcliffe was born and raised in Tehran and studied English literature before working as a translator in the relief effort for the Japanese International Co-operation Agency in 2003.

She moved to the International Federation of Red Cross and Red Crescent Societies before moving to the World Health Organisation as a communications officer.

She came to the UK in 2007 after securing a scholarship at London Metropolitan University to study a master's in communication management and met her future husband through mutual friends a month later.

The couple were married in August 2009 in Winchester and their daughter was born in June 2014.

She was held in her native country a year later.

THE BIO

Ms Davison came to Dubai from Kerala after her marriage in 1996 when she was 21-years-old

Since 2001, Ms Davison has worked at many affordable schools such as Our Own English High School in Sharjah, and The Apple International School and Amled School in Dubai

Favourite Book: The Alchemist

Favourite quote: Failing to prepare is preparing to fail

Favourite place to Travel to: Vienna

Favourite cuisine: Italian food

Favourite Movie : Scent of a Woman

 

 

The Vines - In Miracle Land
Two stars

MATCH INFO

Newcastle 2-2 Manchester City
Burnley 0-2 Crystal Palace
Chelsea 0-1 West Ham
Liverpool 2-1 Brighton
Tottenham 3-2 Bournemouth
Southampton v Watford (late)

Brahmastra%3A%20Part%20One%20-%20Shiva
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Updated: December 30, 2021, 7:14 AM