Dubai.AI is city’s new concierge: How to access the AI-powered platform
Digital Dubai unveiled its Dubai AI platform (Dubai.AI), offering residents and visitors a comprehensive source of information and services covering various aspects of the city. The platform is powered by generative artificial intelligence (gen AI) and is designed to answer queries in real-time, making users feel as though the responses are tailored specifically to them. […]
Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022
Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) said it was optimistic about public equities for 2023 after last year’s market rout, driven by high inflation and rising interest rates, weighed on stocks’ valuations, making them more attractive. The fund was also looking at opportunities in the private credit market, as banks become more cautious […]
e& capital invests in US-based AI startup Ikigai Labs
e& capital announced that it has participated in the Series A financing round for Ikigai Labs, a pioneering firm harnessing the power of generative AI for tabular data. Through this funding round, Ikigai Labs has secured $25 million in this round, with contributions from e& capital, Premji Invest, and Foundation Capital. The funding will advance […]
DIFC Courts reports Dhs15bn in claims value in H1 2023
The Dubai International Financial Centre (DIFC) Courts announced its performance highlights for H1 2023. The value of cases across all divisions recorded a 692 per cent increase during the period compared to H1 2022, with a total value of Dhs15bn across 455 cases filed. In the main Court of First Instance (CFI), 52 cases were […]
UAE, Japan sign 23 deals during PM Kishida’s visit to Abu Dhabi
The UAE and Japan have inked 23 agreements and memoranda of understanding (MoUs) during the UAE-Japan Business Forum, which was held today. The agreements aim to bolster economic, trade and investment ties between the two countries in the fields of energy, industry, advanced technology, artificial intelligence, space, health, transport, environmental conservation and circular economy. […]
MBZUAI, Etihad Airways join forces to harness power of AI in aviation
Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and Etihad Airways have signed a Memorandum of Understanding (MoU) to jointly develop initiatives and conduct research into how AI could transform key aspects of the nation’s integral aviation sector. The move aligns with the university’s commitment to enhancing AI competitiveness across vital sectors, including aviation […]
AI research and development central to UAE’s economic diversification: COP28 President-Designate
Artificial intelligence research will play a key role in harnessing global opportunities and creating practical, tangible solutions for increasing AI adoption as well as generating economic and social value, said Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and President-Designate of COP28, during a visit to Mohamed bin Zayed University of […]
ADFD backs AI industries to enhance UAE’s global standing in advanced technology
In a bid to strengthen the UAE’s standing as a global hub for advanced technology, a delegation from the Abu Dhabi Fund (ADFD) for Development and the Abu Dhabi Exports Office (ADEX) recently visited the Abu Dhabi-based artificial intelligence and cloud computing technology holding company, G42. The delegation discussed the joint strategic cooperation and […]
Dubai’s Museum of Future to host annual ‘Machines Can See’ summit
The magnificent Dubai Museum of the Future will host the annual international ‘Machines Can See’ summit to explore the future of computer vision and machine learning. With the support of the Ministry for Artificial Intelligence, Digital Economy and Remote Work Applications, and Dubai’s Department of Economy and Tourism, the event scheduled for 2nd May 2023, […]
Abu Dhabi’s Presight AI soars on market debut
Shares in Abu Dhabi big data analytics company Presight AI climbed as much as 176% on their stock market debut after raising 1.82 billion dirhams ($495.6 million) in an initial public offering (IPO) for almost a third of the business. Presight’s shares rose as high as 3.70 dirhams on the Abu Dhabi Securities Exchange […]