Alphabet-owned Google announced a host of new products and features at its annual Google I/O conference in Mountain View, California, on Wednesday.
After the announcements, Alphabet's shares were up more than 4 per cent trading at $111.75 a share at market close on Wednesday.
Here, The National looks at 10 major takeaways from the event.
Giving users more control of their data
Google said it is making updates to the Android 14 operating system to boost transparency about how users' data is handled by third-party apps.
Starting with location data, users will be informed in permission requests when an app shares their information with third parties for advertising purposes.
“You can use this information to decide if you want to approve or decline location-sharing for each app so you are always in control,” said Jen Fitzpatrick, senior vice president, core systems and experiences at Google.
“We are also adding a new ‘data deletion’ area within an app’s Google Play data safety section, making it easy to request your account or other data be deleted."
Duet AI for Google Cloud
To help cloud users of all skill levels, the company announced duet AI for Google Cloud.
It is a new generative AI-powered collaborator that will serve as an expert programmer and help cloud users with contextual code completion, offering suggestions tuned to their code base, generating entire functions in real-time, and assisting with code reviews and inspections, the company said.
“It can fundamentally transform the way cloud users of all skill sets build new experiences,” said Thomas Kurian, chief executive of Google Cloud.
"For developers looking to create generative AI applications more simply and efficiently, we are also introducing new foundation models."
How Android is improving your drive
Google announced new updates for vehicles compatible with Android Auto and cars with Google built-in to help drivers easily navigate, stay connected and keep themselves entertained.
Available in nearly 200 million cars by the end of this year, the newly redesigned Android Auto will let users access thousands of media, messaging, navigation, parking and charging apps right from their car display.
“Soon you will be able to join important meetings without taking your eyes off the road," said Roshan Khan, director of auto product management at Google.
"We are working with partners to bring Microsoft Teams, Webex by Cisco and Zoom to the car so you can easily join a scheduled meeting by audio from your display."
Magic Editor to add to Google Photos' abilities
Google announced Magic Editor will allow users to enhance the overall composition of the image by repositioning the main subject of the shot to the best spot.
Using a combination of artificial intelligence tools, Magic Editor aims to help users make complex edits without pro-level editing skills.
The company plans to give select Pixel phones early access to Magic Editor later this year.
Since its launch in 2015, Google Photos app has used AI from automatically organising and resurfacing of photos to helping users edit them with advanced tools.
On an average, users edit nearly 1.7 billion photos each month in Google Photos, the company said.
Immersive view coming to Maps
With immersive view, users can envision every segment of the route, whether they are driving, walking or cycling.
“Immersive view uses computer vision and AI to fuse billions of street view and aerial images together to create a rich, digital model of the world,” said Miriam Daniel, vice president of Google Maps experiences.
Users will visualise a multi-dimensional experience that lets them preview bike lanes, sidewalks, intersections and parking along the journey.
With the time slider, they will see air quality information and how the route looks as the weather changes throughout the day, Ms Daniel said.
The company will be introducing immersive view for routes in the coming months in Amsterdam, Berlin, Dublin, Florence, Las Vegas, London, Los Angeles, New York, Miami, Paris, Seattle, San Francisco, San Jose, Tokyo and Venice.
Turning ideas into music
In January, Google announced MusicLM, a model capable of generating music from text descriptions.
From Wednesday, users can sign up to try the feature in AI Test Kitchen on the web, Android or iOS.
Users will type a prompt and MusicLM will produce two variants of the song. Users can select the best one that will be further improved.
Launched last year, AI Test Kitchen helps users to learn, experience, and give feedback on emerging AI technology.
WhatsApp coming to Wear OS
Google said many new features, apps and updates are coming to Wear OS — the company’s operating system designed for smartwatches and other wearables.
When WhatsApp launches its first smartwatch app in the coming weeks, users will be able to securely start a new conversation, reply to messages by voice and answer calls from their Wear OS watch, without taking out their phone.
Thanks to new controls in the Google Home app, users will be able to check who rang their doorbell right in their notifications and also remotely unlock your door.
“Later this year, you will be able to access two Google workspace favourites, Gmail and Google calendar [on Wear OS],” the company said.
Making AI more helpful for everyone
Google has 15 products that each serve more than half a billion people and businesses, the company said. And six of those products serve more than 2 billion users each.
“This gives us so many opportunities to deliver on our mission — to organise the world's information and make it universally accessible and useful,” said Sundar Pichai, the company’s chief executive.
“It's a timeless mission that feels more relevant with each passing year. And looking ahead, making AI helpful for everyone is the most profound way we’ll advance our mission.”
Google’s first foldable phone
Google entered the foldable smartphones market with the launch of its latest device, the Pixel Fold.
Priced at $1,799, the phone is available to order and shipping to customers will start next month, the company said.
The phone will be initially available in Germany, Japan, the UK and the US, followed by the launch in other markets.
Bard is available in more than 180 markets
Google removed the wait-list for its latest generative AI tool Bard and introduced the technology in more than 180 countries and territories.
Besides English, Bard is now available in Japanese and Korean, and will soon support 40 languages, the company said.
French business
France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
THE BIG THREE
NOVAK DJOKOVIC
19 grand slam singles titles
Wimbledon: 5 (2011, 14, 15, 18, 19)
French Open: 2 (2016, 21)
US Open: 3 (2011, 15, 18)
Australian Open: 9 (2008, 11, 12, 13, 15, 16, 19, 20, 21)
Prize money: $150m
ROGER FEDERER
20 grand slam singles titles
Wimbledon: 8 (2003, 04, 05, 06, 07, 09, 12, 17)
French Open: 1 (2009)
US Open: 5 (2004, 05, 06, 07, 08)
Australian Open: 6 (2004, 06, 07, 10, 17, 18)
Prize money: $130m
RAFAEL NADAL
20 grand slam singles titles
Wimbledon: 2 (2008, 10)
French Open: 13 (2005, 06, 07, 08, 10, 11, 12, 13, 14, 17, 18, 19, 20)
US Open: 4 (2010, 13, 17, 19)
Australian Open: 1 (2009)
Prize money: $125m
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
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Easter%20Sunday
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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.”
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Dubai World Cup prize money
Group 1 (Purebred Arabian) 2000m Dubai Kahayla Classic - $750,000
Group 2 1,600m(Dirt) Godolphin Mile - $750,000
Group 2 3,200m (Turf) Dubai Gold Cup – $750,000
Group 1 1,200m (Turf) Al Quoz Sprint – $1,000,000
Group 2 1,900m(Dirt) UAE Derby – $750,000
Group 1 1,200m (Dirt) Dubai Golden Shaheen – $1,500,000
Group 1 1,800m (Turf) Dubai Turf – $4,000,000
Group 1 2,410m (Turf) Dubai Sheema Classic – $5,000,000
Group 1 2,000m (Dirt) Dubai World Cup– $12,000,000
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
Ireland (15-1):
Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy
Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour
Coach: Joe Schmidt (NZL)
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