Bazaar Times

08/09/2025

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has officially endorsed the launch of , the world’s most advanced open-source reasoning model. His Highness emphasized that the UAE continues to make substantial strides in advancing investments in and . The goal is to harness their potential to propel national development, keep pace with global advancements, and realize the country’s vision for a brighter future for generations to come. The announcement coincided with the anniversary of the late Sheikh Khalifa bin Zayed Al Nahyan’s birth on September 7, honoring his pivotal role in establishing the foundations of technology, science, and innovation in the UAE, the Emirates News Agency (WAM) reported.

Reasoning is widely acknowledged as the next significant frontier of artificial intelligence. It focuses on enabling AI not just to see, hear, or create, but to think more profoundly, tackle complex challenges, and unlock new levels of discovery, innovation, and scientific exploration for humanity.

In the coming week, the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and will unveil K2 Think, the world’s most advanced open-source reasoning model. Designed to be leaner and smarter, K2 Think provides frontier-class performance in a remarkably compact form, often matching or even surpassing the results of models that are an order of magnitude larger. The outcome is greater efficiency, enhanced flexibility, and broader real-world applicability.

On this occasion, His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and Chairman of the Artificial Intelligence and Advanced Technology Council (AIATC), stated that the launch of K2 Think represents a significant step in the UAE’s endeavors to strengthen its position in advanced technologies and AI. It also mirrors the nation’s vision for a future driven by innovation and knowledge.

08/09/2025

Türkiye’s ecosystem attracted a total of $857.9 million across 46 deals in the second quarter of 2025, according to the “Turkish Startup Investments Review Q2 2025” report by KPMG Türkiye and 212.
This marked a sharp increase from $70.2 million in the first quarter of this year.

While the number of deals declined compared to the same period last year, the total investment volume saw a significant increase.

In the second quarter of 2024, 58 deals totaled $558.8 million. This year, the deal count dropped to 46, but the investment volume surged by 53 percent to $857.9 million.

The standout factor behind this growth was Technologies Inc.’s acquisition of an 85 percent stake in for $700 million.

In Türkiye during the second quarter, the seed stage led in deal count with 27 transactions. Early-stage investments accounted for 10 deals worth $122 million, representing 14 percent of the total volume.
Acquisitions made up 7 deals worth $705 million, representing 82 percent of the total volume.

By sector, SaaS topped the list in deal count with 10 transactions,followed by artificial intelligence (8) and gaming (7). In terms of investment volume, delivery and logistics dominated with $700 million, driven by the Trendyol Go deal.

Local investors led in terms of deal count, while foreign dominated in deal volume. Local investors were involved in 33 transactions, accounting for 3 percent of the total deal volume. In contrast, foreign investors participated in only 13 deals but contributed a significantly larger share of the total deal volume 97 percent.

08/09/2025

Turkish electronics giant and startup have partnered to develop domestically produced (QD) technology for display and imaging applications.

According to the announcement, the collaboration has successfully achieved the synthesis of QD nanocrystals, the production of QD optical films, and their use in mass production of displays—technologies currently mastered by only a few global manufacturers. With this milestone, Turkey has gained the capacity to produce nanocrystal-based televisions and displays entirely with local resources, enabling the mass production of Vestel QLED TVs.

The project combines Vestel’s R&D expertise in display technologies with Nanome’s , enhancing color accuracy, brightness, and richness in displays. In addition to improving quality, QD technology provides logistics and cost advantages as well as differentiation in marketing communications.
Looking ahead, the initiative also lays the groundwork for QD-LED technology, expected to rival OLED in the future, and microLED displays that will play a key role in AR and HUD applications—further reinforcing Vestel’s leadership in display technologies.

Vestel Chief Marketing Officer Duygu Badem Uylukçuoğlu said the Quantum Dot technology developed with Nanome will not only shape today’s imaging standards but also those of the future.
“Launching mass production of displays entirely with domestic capabilities for the first time in Turkey once again demonstrates Vestel’s innovation power and global competitive advantage,” she noted.

08/09/2025

SpaceX announced it will purchase wireless spectrum licenses from EchoStar for $17 billion to develop its next-generation Starlink Direct to Cell constellation, enabling broadband service to cell phones globally. Starlink already provides reliable high-speed internet across ~150 countries

According to SpaceX "The next generation of Starlink Direct to Cell satellites will be designed to fully utilize this spectrum. Driven by custom SpaceX-designed silicon and phased array antennas, the satellites will support thousands of spatial beams and higher bandwidth capability, enabling around 20x the throughput capability as compared to a first-generation satellite."

"With the world’s most advanced phased arrays, the wider bandwidth operations enabled by this spectrum purchase, and optimized 5G protocols, the system will support an overall capacity increase of more than 100x the first generation Starlink Direct to Cell system. In most environments, this will enable full 5G cellular connectivity with a comparable experience to current terrestrial LTE service, which will be used in partnership with Mobile Network Operators to augment high capacity terrestrial 5G networks."
Image: SpaceX

08/09/2025

SpaceX announced it will purchase wireless spectrum licenses from EchoStar for $17 billion to develop its next-generation Starlink Direct to Cell constellation, enabling broadband service to cell phones globally. Through the agreement with EchoStar, SpaceX will purchase EchoStar’s 50 MHz S-band spectrum in the US (bands known as AWS-4 and PCS-H) as well as its global MSS spectrum licenses. Exclusive access to this spectrum, along with use of optimized 5G protocols designed for satellite connectivity, will enable a step change in performance for Starlink Direct to Cell. Starlink already provides reliable high-speed internet across ~150 countries

According to SpaceX "The next generation of Starlink Direct to Cell satellites will be designed to fully utilize this spectrum. Driven by custom SpaceX-designed silicon and phased array antennas, the satellites will support thousands of spatial beams and higher bandwidth capability, enabling around 20x the throughput capability as compared to a first-generation satellite."

"With the world’s most advanced phased arrays, the wider bandwidth operations enabled by this spectrum purchase, and optimized 5G protocols, the system will support an overall capacity increase of more than 100x the first generation Starlink Direct to Cell system. In most environments, this will enable full 5G cellular connectivity with a comparable experience to current terrestrial LTE service, which will be used in partnership with Mobile Network Operators to augment high capacity terrestrial 5G networks."
Image: SpaceX

08/09/2025

Vestel and Nanome Collaborate on Domestic Quantum Dot Technology

Turkish electronics giant Vestel and nanotechnology startup Nanome have partnered to develop domestically produced Quantum Dot (QD) technology for display and

08/09/2025

UAE: ADCB to Raise $1.66 Billion via Rights Issue to Strengthen Capital and Support Growth

Abu Dhabi Commercial Bank (ADCB) will raise up to Dh6.1 billion through a rights issue, after its Board of Directors approved the capital increase to support

08/09/2025

Dubai Emerges as Global Magnet for Private Wealth Amid $471 Trillion Shift

Global private wealth hits $471 trillion, growing 8x faster than public wealth since 1995

08/09/2025

RoofStacks and Tarım Kredi Group Partner to Drive Digital Transformation in Retail

Technology company RoofStacks has partnered with Tarım Kredi Teknoloji, the technology subsidiary of Tarım Kredi Group, to develop a new mobile application

08/09/2025

Togg Opens Pre-Orders for New Model T10F in Türkiye and Germany

Togg’s new electric model, the T10F, will open for pre-orders on September 15 in Türkiye and on September 29 in Germany, the company announced.

08/09/2025

Akbank Sells NPL Portfolio Worth TRY 1.17 Billion

Akbank T.A.S. (AKBNK) announced the sale of a portion of its non-performing loan (NPL) portfolio.

08/09/2025

Deutsche Bank Revises Outlook for Turkish Bonds, Sees Stronger Appeal in Medium-Term Maturities

Deutsche Bank analysts published a report on September 8 evaluating the Turkish bond market, making a limited upward revision to their yield forecasts for