Naheed.pk, a Pakistani online retailer, has expanded its services to over 30 cities, offering same-day delivery in Karachi, Lahore, and Islamabad. The company has seen 100% year-on-year growth and aims to capture 5% of Pakistan's retail market share. Naheed.pk focuses on providing genuine products and a trustworthy shopping experience to compete with brick-and-mortar stores. Why it matters: The growth of e-commerce platforms like Naheed.pk signals a shift in consumer behavior in Pakistan and the increasing importance of online retail in the region's economy.
The Khaleej Times discusses the potential of using AI to assist with holiday gift shopping. AI tools can analyze user data and preferences to suggest suitable gifts. These tools can also automate price comparisons and identify deals. Why it matters: While still nascent, AI-driven shopping assistants could streamline the gift-giving process and offer personalized recommendations for consumers in the UAE.
KAUST Ph.D. student Asrar Damdam won a Silicon Valley pitching competition with her biotechnology startup UVERA, which uses ultraviolet light to extend the shelf life of fresh food. The idea ranked first out of 116 others and was deemed the most investable by venture capitalists. UVERA's technology reduces food pathogens like E. coli and Salmonella, aiming to reduce food waste. Why it matters: This award highlights the potential for innovative foodtech solutions emerging from Saudi universities and their ability to attract global investment.
This paper presents a reinforcement learning framework for optimizing energy pricing in peer-to-peer (P2P) energy systems. The framework aims to maximize the profit of all components in a microgrid, including consumers, prosumers, the service provider, and a community battery. Experimental results on the Pymgrid dataset demonstrate the approach's effectiveness in price optimization, considering the interests of different components and the impact of community battery capacity.
KAUST hosted the KAUST Research Conference: Advances in Well Construction with Focus on Near-Wellbore Physics and Chemistry from November 7 to 9. The conference was co-chaired by Eric van Oort, a professor at UT Austin, and Tadeusz Patzek, director of the University’s Upstream Petroleum Engineering Research Center. Attendees included professors from the University of Queensland and UT Austin, and directors from GenesisRTS and Labyrinth Consulting Services, Inc. Why it matters: The conference facilitates international collaboration on advancements in petroleum engineering and well construction technologies, which are strategically important for Saudi Arabia.
Qirong Ho, co-founder and CTO of Petuum Inc., will be contributing to the "ML Systems for Many" initiative. Petuum is recognized for creating standardized building blocks for AI assembly. Ho also holds a Ph.D. from Carnegie Mellon University and is part of the CASL open-source consortium. Why it matters: Showcases the ongoing efforts to democratize AI development and deployment, making it more accessible and sustainable, although the specific initiative is not further detailed.
KAUST researchers have developed a surface treatment for jute storage bags to prevent moisture-induced damage to stored grains. The treatment involves roughening the jute surface with an alkali and applying a thin layer of paraffin wax. Experiments showed that seed moisture content reduced by up to 7.5 percent in wax-coated bags, and seed germination efficacy after storage was up to 35 percent higher. Why it matters: This simple, scalable technique could significantly reduce grain losses in developing countries and provide an environmentally friendly alternative for grain storage.
Saee, a KAUST-supported Saudi startup based in Jeddah, aims to disrupt last-mile delivery in Saudi Arabia by addressing challenges like delays and cash-on-delivery (COD) issues. They offer services such as fast COD consolidation, flexible dispatch to freelancers, and warehouse management. Saee also introduces a new concept called Cash Before Delivery (CBD) to improve cash flow for e-commerce platforms. Why it matters: This aims to solve a key bottleneck for e-commerce growth in Saudi Arabia, where COD is prevalent and creates financial inefficiencies.