UAE Emerges as Global Hub for Disruptive Technology and AI Innovation
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On Sat, 10 Aug, 12:02 AM UTC
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[1]
UAE, a global hub for cultivating disruptive technology: AI experts
Executives from leading artificial intelligence (AI) companies have highlighted the leadership of the UAE and Dubai in attracting global innovators, startups, and capital, as well as leaders from various sectors of the digital economy to the Middle East. In statements to the Emirates News Agency (WAM) during a panel discussion held at the Dubai International Financial Centre, in preparation for the inaugural Dubai AI and Web3 Festival, global company representatives emphasised that the launch of the festival in Dubai reflects the emirate's unwavering commitment to showcasing future technologies through a global platform that stimulates regional growth and unlocks new markets for AI applications. Nader Al Bastaki, Managing Director of Dubai Future District Fund, underscored the importance of raising awareness and building trust within the AI sector by engaging in discussions with stakeholders to spotlight key issues in the industry. He stated, "The Dubai AI and Web3 Festival is an ideal platform that brings together stakeholders from around the world to increase awareness and readiness among the public about developments in the sector, and forecast future trends." Heath Behncke, Managing Director of Holon, highlighted Dubai as a global hub that welcomes AI companies through initiatives that seek to accelerate AI adoption across all vital sectors, providing a conducive environment for global AI companies and talent to innovate and advance the adoption of advanced applications. He also spoke of the UAE and Dubai's role in unlocking new markets for global companies in the Middle East. Patrik Eriksson, Director of Data Technology and Delivery at ZainTECH, described the UAE as a global hub for innovation and development due to its active role in bringing together global AI companies to explore new opportunities and inform policies. He underscored the role Dubai AI and Web3 Festival will play in attracting global experts to exchange knowledge and solutions, while also promoting AI literacy. Peter Oganesean, Managing Director for the Middle East and East Africa, HP Computing and Printing Middle East, said that the festival presents a great opportunity to unlock AI's potential, empowering individuals and companies to share their views and equipping them with the necessary tools to utilise AI solutions in the future. Saqr Ereiqat, CEO of TradeDog Market Manager, remarked that the UAE has proven its mettle as a leader in the sector and a global hub for disruptive technology through investment in human capital and infrastructure.
[2]
UAE, a global hub for cultivating disruptive technology: AI experts
In statements to the Emirates News Agency (WAM) during a panel discussion held at the Dubai International Financial Centre, in preparation for the inaugural Dubai AI and Web3 Festival, global company representatives emphasised that the launch of the festival in Dubai reflects the emirate's unwavering commitment to showcasing future technologies through a global platform that stimulates regional growth and unlocks new markets for AI applications. Nader Al Bastaki, Managing Director of Dubai Future District Fund, underscored the importance of raising awareness and building trust within the AI sector by engaging in discussions with stakeholders to spotlight key issues in the industry. He stated, "The Dubai AI and Web3 Festival is an ideal platform that brings together stakeholders from around the world to increase awareness and readiness among the public about developments in the sector, and forecast future trends." Heath Behncke, Managing Director of Holon, highlighted Dubai as a global hub that welcomes AI companies through initiatives that seek to accelerate AI adoption across all vital sectors, providing a conducive environment for global AI companies and talent to innovate and advance the adoption of advanced applications. He also spoke of the UAE and Dubai's role in unlocking new markets for global companies in the Middle East. Patrik Eriksson, Director of Data Technology and Delivery at ZainTECH, described the UAE as a global hub for innovation and development due to its active role in bringing together global AI companies to explore new opportunities and inform policies. He underscored the role Dubai AI and Web3 Festival will play in attracting global experts to exchange knowledge and solutions, while also promoting AI literacy. (ANI) Peter Oganesean, Managing Director for the Middle East and East Africa, HP Computing and Printing Middle East, said that the festival presents a great opportunity to unlock AI's potential, empowering individuals and companies to share their views and equipping them with the necessary tools to utilise AI solutions in the future. Saqr Ereiqat, CEO of TradeDog Market Manager, remarked that the UAE has proven its mettle as a leader in the sector and a global hub for disruptive technology through investment in human capital and infrastructure. (ANI/WAM)
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AI experts highlight the UAE's role in fostering disruptive technologies. The country's strategic initiatives and investments position it as a leader in artificial intelligence and emerging tech fields.
UAE's Strategic Vision for AI and Disruptive Technologies
The United Arab Emirates (UAE) has firmly established itself as a global hub for cultivating disruptive technologies, particularly in the field of artificial intelligence (AI). This development has been highlighted by AI experts who recognize the country's commitment to fostering innovation and technological advancement 1.
Government Initiatives Driving Innovation
At the heart of the UAE's success is a series of strategic government initiatives aimed at promoting AI and other cutting-edge technologies. The UAE AI Strategy 2031 stands out as a cornerstone of this effort, demonstrating the country's long-term commitment to becoming a leader in the AI revolution 1.
Investment in Research and Development
The UAE has made significant investments in research and development, creating an ecosystem that nurtures innovation. This includes the establishment of dedicated AI research centers and partnerships with leading global technology companies. These investments have positioned the UAE as an attractive destination for tech entrepreneurs and AI researchers from around the world 2.
Collaboration Between Public and Private Sectors
A key factor in the UAE's success has been the strong collaboration between the public and private sectors. This partnership has facilitated the rapid adoption of AI technologies across various industries, including healthcare, finance, and transportation. The government's proactive approach in creating a supportive regulatory environment has been crucial in encouraging private sector participation 1.
Focus on Ethical AI Development
As the UAE advances in AI technology, there is a growing emphasis on the ethical development and deployment of AI systems. The country is taking steps to ensure that AI technologies are developed responsibly, with a focus on transparency, fairness, and privacy protection. This approach is crucial for building public trust and ensuring the long-term sustainability of AI initiatives 2.
Economic Impact and Future Prospects
The UAE's focus on disruptive technologies is expected to have a significant impact on its economy. By positioning itself at the forefront of the AI revolution, the country is creating new job opportunities, attracting foreign investment, and diversifying its economy beyond traditional sectors. Experts predict that this strategy will play a crucial role in shaping the UAE's economic future and its position on the global stage 1 2.
Reference
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