Larnaca Emerges As Hub For Maritime Research With New Tepak Marine Sciences School

by THEFUTURE.TEAM

November 14, 2025

The Larnaca Chamber of Commerce and Industry (Evel) has hailed the government’s recent decision to establish the Cyprus University of Technology’s (Tepak) new School of Marine Sciences in Larnaca. Described by the chamber as a milestone achievement, this initiative not only addresses a long-standing local demand but also promises to elevate the city’s academic and economic profile.

Government Vision And Academic Decentralisation

In a formal announcement, Evel expressed its strong support, noting that the decision marks a significant step toward making Larnaca a center for marine research, innovation, and education. The move aligns seamlessly with the government’s broader strategy to decentralise higher education and forge stronger links between innovative research and economic development. Deputy Minister to the President Irene Piki underscored this point when she announced the decision, emphasizing the new chapter that this development represents for the city and university education at large.

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Collaborative Endeavors For Regional Growth

Evel reiterated its commitment to partnering with all relevant stakeholders to ensure the school’s successful integration into Larnaca’s educational landscape. The Chamber views the new institution as a catalyst for regional sustainable growth, poised to harness Cyprus’ strategic coastal advantages alongside Tepak’s expertise in applied sciences. Education Minister Athena Michaelidou is expected to bring the necessary legislation before parliament, solidifying the regulatory framework that will support the institution’s launch.

A New Chapter In Maritime Expertise

Operating under the auspices of the Cyprus University of Technology, the School of Marine Sciences will focus on marine research, technological innovation, and sustainable development. This initiative is anticipated to transform Larnaca into a dynamic center of academic activity and maritime know-how, offering significant long-term benefits not only for the city but for the broader region as well.

The Future Forbes Realty Global Properties

Zuckerberg Predicts Billions Of AI Agents As Meta Ramps Up Infrastructure Investment

by THEFUTURE.TEAM

July 30, 2026

Meta Bets On Personal AI Agents As Next Consumer Platform

Meta CEO Mark Zuckerberg said he expects personal AI agents to become a mainstream technology within the next five years, describing them as software that understands users’ goals and performs tasks on their behalf. Speaking during the company’s quarterly earnings call on Wednesday, Zuckerberg said it would be “extremely unlikely” that billions of people will not have their own AI agent capable of operating continuously across a range of personal and professional activities.

Beyond Chatbots

Zuckerberg said personal AI agents would go beyond answering questions by helping users manage finances, monitor health, navigate relationships and organize household responsibilities. He argued that future AI systems will increasingly carry out tasks rather than simply respond to prompts. “As we move toward a future where we’re all interacting with multiple agents, I think that WhatsApp and our other messaging surfaces are going to become increasingly important,” he said, adding that WhatsApp is already the leading platform for Meta AI interactions.

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Competition Intensifies

Meta is among several technology companies investing heavily in AI agents. Google has made custom AI agents a central part of its search strategy, while Anthropic has expanded Claude’s capabilities through its coding assistant, Claude Code. The competition reflects a broader industry push toward AI systems designed to perform tasks autonomously rather than function solely as conversational assistants.

AI Investment Weighs On Results

Meta’s AI ambitions continue to require significant investment. Reality Labs, the company’s augmented and virtual reality division, reported a quarterly operating loss of about $4.6 billion, bringing cumulative losses since 2021 to roughly $88 billion. Free cash flow declined to $784 million from $8.55 billion a year earlier, reflecting increased spending on AI infrastructure. Earlier this week, Meta and BlackRock also announced plans to develop a $14 billion data centre in El Paso, Texas.

Betting On Long-Term Returns

Despite the investment, Zuckerberg said Meta expects AI services to generate stronger margins than providing computing capacity alone. “We believe that there will continue to be a significantly higher margin on selling intelligence rather than selling compute directly,” he said. “But we think that there’s a big opportunity, obviously, to sell compute as well.” He added that personal AI agents would form “the foundation for our next wave of products and revenue lines in the months and years ahead.”

Enterprise Adoption

Meta said more than one million businesses are already using its business AI agents on WhatsApp and Messenger following their global rollout this quarter. The company is now seeking broader consumer adoption as it expands its AI offerings, positioning personal AI agents as a key driver of future products and revenue.

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