Eight start-ups from France are presenting artificial intelligence-powered innovations in Dubai including a digital artwork of Leonardo da Vinci’s Mona Lisa that comes to life and can interact with passers-by.
The companies, which offer products for sectors as diverse as entertainment, mobility, education and health, comprise the French Tech Corner, a partnership between Business France, the agency supporting the French economy’s international development, and b8ta, the California-based technology concept store.
“France will introduce highly diverse start-ups to showcase their latest tech products. [They] will benefit from the ‘booster effect’ of Expo 2020,” Frederic Szabo, managing director of Business France Middle East, said on Sunday.
Expo 2020 Dubai is focused on innovation and sustainability and is seen as an opportunity for technology companies from around the world to show their products. Pavilions at the world’s fair have their own takes on these themes, an attraction for visitors that doubles as a business opportunity especially for tech-oriented firms.
The French pavilion puts great emphasis on sustainability, with its façade and roof made of solar tiles, spanning 2,500 square metres and producing 60 per cent of the energy it consumes.
The UAE and France have strong bilateral relations, with French exports to the Emirates valued at €405 million ($466.8m) in August, Trading Economics data shows. Last month, Dubai said it plans to strengthen trade ties with Europe’s third-largest economy, as trade between the two countries reached Dh8.5bn ($2.3bn) in the first half of 2021.
“The French brands that you see are all unique, having something new to offer. Every country has their own style of products, but with French products, everything is so synchronised, from the hardware, software and even the story and meaning behind them,” Ramit Harisinghani, general manager of b8ta in the Middle East and Africa, told The National on Sunday.
Here’s a closer look at the products on show and how they contribute to a smart life.
Interactive ‘Mona Lisa’
A familiar face at the Tech Corner is an interactive version of Leonardo da Vinci’s Mona Lisa, one of the world’s most famous paintings. The digital artwork was created by French author and digital art specialist Florent Aziosmanoff and is equipped with gaming-grade motion sensors that react to the movements of passers-by. That means Mona Lisa can smile, frown or even wink – depending on her “mood”. “The Living Mona Lisa offers people the opportunity not to own an object, but to live and share the meaning of life with her,” Mr Aziosmanoff told The National.
EyeLights motorcycle helmet with HUD
The EyeLights motorcycle helmet, which comes with an integrated GPS and heads-up display, is designed for rider safety. It keeps the rider’s focus on the handles while providing essential information for a journey on two wheels. The HUD – like Google Glass – shows maps and step-by-step directions and allows users to make calls and play songs, all hands-free. More than 10,300 riders have used an EyeLights helmet since its inception in 2017.
Earsquared EarCity
Earsquared’s EarCity open-ear headset uses directional air conduction technology. Simply put, sound is carried by air waves from the outer ear and transferred to electrical waves in the inner ear. And don’t worry if it doesn’t actually go into your ears: the pitch here is to keep your ear canals comfortable and, more importantly, save you from danger. According to a report by AI company Audio Analytics, about 37 million people were at risk of “distraction danger” while wearing in-ear or over-ear headsets, exposing themselves to hazards such as bumping into others or being hit by a vehicle.
Prêt à Pousser indoor garden
For gardening enthusiasts who want to keep a close eye on their plants, Prêt à Pousser’s indoor autonomous garden automatically simulates the effects of sunlight and helps to regulate water supply to plants. The popularity of hydroponic farms is growing, especially when it doesn’t involve messy soil and pests, and saves up to 90 per cent water. It can also be an inspiration to address the “hunger” and ensure sustainable food security.
Y-Brush
Automated toothbrushes from Y-Brush were developed with oral health specialists and they are available in 50 countries. It claims to be the only toothbrush robot in the market that removes plaque with flexible nylon filaments and uses sonic vibration – brush heads that move from side to side at high speed. They are certified by independent laboratories in Europe and the US. And while not the only 10-second sonic toothbrush in the market, the Y-Brush’s design offers minimal intrusion and is perfect for people with special needs, such as those with limited dexterity.
Audiozen Morphee
Audiozen’s Morphee meditation and sophrology box has more than 200 guided sessions and helps disconnect users from their everyday tech life. Simply wind it up like an alarm clock to set your session and duration, and you’re good to go (to bed). A radio-like variant meant for children – My Little Morphee – is also available, with 192 relaxing music and nature sounds to help the little ones calm down and snooze off. It can also be helpful in beating stress and anxiety stemming from work, especially in an era when, for many people, the work-life balance has changed drastically.
SelfCare1 smart oils dispenser
Family SelfCare’s smart essential oil dispenser is the result of three years of research and is aimed at overall well-being. Sealed cartridges contain the eight of the “best pure and organic essential oils” recommended by an international committee of experts. It even has a coaching app that offers 50 care programmes and more than 1,000 oil combinations, ideal for relaxing or winding down after a hectic day.
Reenbow Mirabo
Reenbow’s Mirabo headset blends augmented reality and teaching for interactive child learning, even for those with learning disabilities such as dyslexia and attention deficit hyperactivity disorder. Using fun and immersive games – more than 300 animations of pirates, animals, princes and princesses are incorporated – Mirabo complements school programmes and can even teach children new languages. Augmented reality learning is gaining traction, enabling children to experience a place even without going there.
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.”
UAE tour of the Netherlands
UAE squad: Rohan Mustafa (captain), Shaiman Anwar, Ghulam Shabber, Mohammed Qasim, Rameez Shahzad, Mohammed Usman, Adnan Mufti, Chirag Suri, Ahmed Raza, Imran Haider, Mohammed Naveed, Amjad Javed, Zahoor Khan, Qadeer Ahmed
Fixtures:
Monday, 1st 50-over match
Wednesday, 2nd 50-over match
Thursday, 3rd 50-over match
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
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The specs
Engine: 1.6-litre 4-cyl turbo
Power: 217hp at 5,750rpm
Torque: 300Nm at 1,900rpm
Transmission: eight-speed auto
Price: from Dh130,000
On sale: now
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Day 1 results:
Open Men (bonus points in brackets)
New Zealand 125 (1) beat UAE 111 (3)
India 111 (4) beat Singapore 75 (0)
South Africa 66 (2) beat Sri Lanka 57 (2)
Australia 126 (4) beat Malaysia -16 (0)
Open Women
New Zealand 64 (2) beat South Africa 57 (2)
England 69 (3) beat UAE 63 (1)
Australia 124 (4) beat UAE 23 (0)
New Zealand 74 (2) beat England 55 (2)
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The specs
Engine: 3.5-litre twin-turbo V6
Power: 380hp at 5,800rpm
Torque: 530Nm at 1,300-4,500rpm
Transmission: Eight-speed auto
Price: From Dh299,000 ($81,415)
On sale: Now
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)