Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

‘AI adoption in UAE’s industries to propel economic diversification’

Hamed bin Zayed attends Mohamed bin Zayed University of Artificial Intelligence class of 2023 commencement ceremony.
  • The MBZUAI commencement ceremony celebrated 59 students graduating with a master's in computer vision (CV) and machine learning (ML), and natural language processing
  • Guests and attendees gained insight into the exploration taking place at MBZUAI and the importance of these the projects utilising AI to solve humankind’s most pressing challenges

Abu Dhabi, UAE – The adoption of  artificial intelligence (AI)  is critical to propelling diversification of economic growth in the United Arab Emirates, said managing director of Abu Dhabi Investment Authority. Sheikh Hamed bin Zayed Al Nahyan during his particiupation in the commencement ceremony of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) Class of 2023. 

The UAE has the world’s first university for artificial intelligence. 

The commencement event highlighted the transformative role of AI adoption across industries in achieving the nation’s goals of economic growth.

During the ceremony, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of MBZUAI’s Board of Trustees, emphasized the pivotal role of AI in accelerating the UAE’s economy while addressing key challenges in areas such as climate, healthcare, and education. 

The graduating class of MBZUAI’s Class of 2023, comprising 59 students from diverse nationalities, showcased their expertise in areas such as computer vision, machine learning, and natural language processing. These AI experts are poised to make a profound impact on various industries, including healthcare, technology, energy, transport, and government.