The United Arab Emirates has reaffirmed its commitment to emerging technologies with a groundbreaking $30 billion artificial intelligence (AI) fund. UAE President Sheikh Mohamed bin Zayed Al Nahyan recently discussed the initiative with US Commerce Secretary Gina Raimondo, underscoring the nation's ambition to become a global AI hub. Managed by UAE-based investment platform MGX, the fund will strategically invest in AI research, development, and deployment across key sectors. The $30 billion fund will target investments in AI-powered industries such as healthcare, finance, transportation, and education, driving economic growth and diversification. This initiative strengthens the UAE's position as a leading AI hub in the Middle East, fostering foreign investment, partnerships, and local talent development. By leveraging cutting-edge AI solutions, the UAE aims to enhance its competitiveness in the global digital economy. The MGX-led fund will collaborate with government entities, academia, and industry leaders to accelerate AI adoption. This strategic investment aligns with the UAE's vision to become a leader in innovation and technology, creating opportunities for growth and development. As the UAE pioneers this $30 billion AI fund, it solidifies its status as a pioneer in the region's rapidly evolving tech landscape, poised to shape the future of artificial intelligence. #UAE_AIFund #ArtificialIntelligence #EmergingTechnologies #InnovationHub #MiddleEastTech #GlobalAILeadership #MGXInvestments #USUAEPartnership #AIResearchAndDevelopment #DigitalEconomy #EconomicGrowth #Diversification #ForeignInvestment #LocalTalentDevelopment #AIAdoption #TechLandscape #FutureOfAI #UAEVision2030 #SheikhMohamedBinZayed #GinaRaimondo #USCommerceDepartment #UAETechNews #AIInvestments #MiddleEastInnovation #GlobalTechTrends #ArtificialIntelligenceInvestments
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Abu Dhabi is aggressively advancing its position in the global technology landscape with a significant focus on #ArtificialIntelligence (#AI) and #Semiconductors. This initiative underscores the emirate's ambition to become a central hub for AI development and investment on an international scale. Some insights: 1. Abu Dhabi has announced the establishment of a new technology investment firm named #MGX, aiming to engage in deals within the AI and semiconductor sectors, with aspirations to manage over $100 billion in assets. This can further push towards diversification of the local economy and spur similar initiatives in the rest of the #GCC, can affect the global market for #semiconductors and #AI, as support national #AI efforts 1. Foundational partners for #MGX include the sovereign wealth fund Mubadala Investment Co. and G42, highlighting a strong backing by key players in the UAE's investment ecosystem. 2. #G42 has also launched a $10 billion G42 #ExpansionFund in partnership with the Abu Dhabi Growth Fund (ADG), targeting late-stage growth companies across various sectors, indicating a broad investment strategy that includes computing, clean technology, digital infrastructure, life sciences, healthcare, new materials, and fintech. 3. The creation of #AI71 by Abu Dhabi's Advanced Technology Research Council, focusing on democratizing #AI access and built on the #UAE's #Falcon large language models, further signifies the emirate's commitment to leading in AI development and application across key economic verticals such as medical, legal, education, and government fields. #AbuDhabi #AI #Semiconductors #TechnologyInvestment #G42 #Mubadala #AI71
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According to Bloomberg, Mubadala Investment deployed 89 billion dirhams (S$32.6 billion) last year into a range of sectors including private credit and artificial intelligence (AI), an area where Abu Dhabi is seeking to make strides. During the year, the $302 billion fund prioritised investments in AI, technology, digital infrastructure, life sciences and clean energy. The increased focus on AI is only likely to drive innovation, generate new business opportunities, and strengthen Abu Dhabi’s position in the global AI market. The emphasis on private credit signifies a broader approach to financial innovation, complementing the advancements in AI. This holistic strategy will ensure that the region is not only at the forefront of technological innovation but also equipped with the financial tools required to sustain and drive this growth. #AI #Mubadala #AbuDhabi #Investment #MiddleEast #DigitalTransformation
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Are you ready to witness 𝐀𝐛𝐮 𝐃𝐡𝐚𝐛𝐢'𝐬 𝐯𝐢𝐬𝐢𝐨𝐧𝐚𝐫𝐲 𝐥𝐞𝐚𝐩 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐀𝐈? How will the new 𝐀𝐈 𝐚𝐧𝐝 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 redefine innovation in the heart of the UAE? 🚀 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩: HH Sheikh Mohamed, the Ruler of Abu Dhabi, has inaugurated the Artificial Intelligence and Advanced Technology Council, marking a significant step towards embracing future technologies. 🌐 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭: This initiative underlines the UAE's dedication to being at the vanguard of technological progress and innovation on a global scale. 📜 𝐏𝐨𝐥𝐢𝐜𝐲 𝐚𝐧𝐝 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: The council is tasked with crafting and implementing comprehensive policies and strategies focusing on AI and advanced technology research, infrastructure, and investments. 🌟 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: With a clear vision towards technological supremacy, the council aims to spearhead the construction of a futuristic economy driven by AI and advanced technologies. 🤝 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡: Engaging in partnerships and research programs with local and global entities, the council aspires to elevate Abu Dhabi's stature in the tech domain, making it a global hub for investment, partnership, and talent. 🌱 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐫𝐢𝐭𝐲: Echoing the forward-thinking vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, this initiative is poised to enhance the Emirate's development and prosperity beyond the hydrocarbon era. 💡 𝐒𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞: The AIATC embodies a strategic focus on future sectors, ensuring that Abu Dhabi remains a beacon of innovation and a leader in the global technological arena. With the launch of the Artificial Intelligence and Advanced Technology Council, Abu Dhabi is not just setting a new benchmark for innovation but is also charting a course towards a sustainable, tech-driven future. This bold initiative is a testament to the UAE's unwavering commitment to fostering a dynamic and prosperous 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐩𝐨𝐰𝐞𝐫𝐞𝐝 𝐛𝐲 𝐀𝐈 𝐚𝐧𝐝 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬. As the world watches, Abu Dhabi is poised to become a lighthouse of progress in the digital age. https://lnkd.in/geDPCtJe
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I spoke as a Panelist at a Dubai conference on 10 Dec 2024 at Logimotion's Global Trade & Investment Summit track, where I spoke, among others, on AI deployment in the context of digital twins to promote greater trade growth and connectivity among countries. I highlighted data as a key natural resource that provides the foundation for AI-enabled digital twins in smart ports and infrastructure design and development. It is imperative that the more developed economies support efforts to reskill and upskill the workforce in emerging countries in the deployment of AI (esp generative AI) to boost trade and greater connectivity. We need to ensure that the potential major AI divide between advanced and emerging economies are strategically managed. #Logimotion2024 #GlobalTrade #Mobility #SupplyChainInnovation #FutureOfLogistics #DubaiWorldTradeCentre
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The ninth edition of the 'Knowledge Summit' concluded in Dubai, bringing together over 50 international experts and academics to discuss future skills and the AI economy. Organized by the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF) and the United Nations Development Programme (UNDP), the event featured over 40 panel discussions on topics such as transformations in the economy, education, and training due to AI, as well as the skills needed for the future labor market. 'The Knowledge Summit has once again established its growing importance as a leading annual global platform that brings together the brightest minds and experts to discuss current vital issues,' said Jamal bin Huwaireb, CEO of MBRF. He emphasized the Summit's focus on future skills as the cornerstone for sustainable economic growth and the pivotal role of innovation in enhancing countries' competitiveness. With over 3,000 attendees in person and 22,000 virtual participants, the Summit reaffirmed the importance of investing in human beings as the fundamental pillars of development plans. It highlighted the UAE's leadership in building a knowledge-based future and the collective global efforts needed to meet future challenges. #KnowledgeSummit2024 #FutureSkills #AIEconomy @mbrf @undp
Knowledge Summit 2024 Highlights Future Skills and AI Economy
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One more time at the Annual Investment Meeting I’m honored to be invited to speak at the 14th Annual Investment Meeting (AIM Congress 2025), which the Abu Dhabi Government will host from April 7 to 9, 2025, at ADNEC in Abu Dhabi, UAE. I’ll share insights on "Transforming Industries with AI-Powered Solutions: Artificial Intelligence and Machine Learning," exploring how AI and ML reshape industries globally. I am grateful to the AIM Congress team, especially Mrs. Marwa Hamed, for this landmark event's opportunity to connect with global leaders and innovators. Let’s learn, explore, and shape the future of investment and technology together! 💻 Register now, https://lnkd.in/dkfJu6t9 🗓 7 - 9 April 2025 📍 Abu Dhabi, United Arab Emirates #AIMCongress2025 #AIM #2025 #FutureFocused #Investment #IndustryExperts #RegisterNow #GlobalBusiness #EconomicGrowth #Energy #AIMCongress #Investment #InvestmentDestination #Sustainability #InternationalTrade #GlobalMarkets #Innovation #GlobalEconomy #BusinessGrowth #AbuDhabi #UAE #FutureEconomy #GreenEconomy #FutureFinance
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Saudi Arabia's $100 Billion AI Initiative Poses a Challenge to UAE's Tech Leadership In a bold move to position itself as a global leader in artificial intelligence (AI), Saudi Arabia has unveiled plans for a massive $100 billion investment aimed at driving AI innovation, infrastructure development, and talent acquisition. The initiative, which is set to be one of the largest AI projects in the world, comes at a time when the UAE has long been recognized as the Middle East's technological powerhouse, particularly in the fields of AI, smart cities, and digital transformation. Saudi Arabia’s new push is poised to challenge the UAE’s leadership in the region’s burgeoning tech ecosystem, and it signals a major shift in the race for dominance in the AI and digital economy. Read More :- https://lnkd.in/gfpMGZnc #SaudiAI #ArtificialIntelligence #TechLeadership #AIRevolution #DigitalTransformation #MiddleEastTech #UAEInnovation #AIInvestment #SmartCities #SaudiVision2030 #AIinfrastructure #TechCompetition #DigitalEconomy #EmergingTech #AIStartups #TechEcosystem #AIResearch #GlobalTechRace #MiddleEastInnovation #FutureOfTech #TechDisruption #AIExpansion #SaudiArabia #UAE #TechHubs
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I see the transformative power of AI as one of the most exciting developments in the UAE’s economic landscape. The projection of AI contributing 14% to our GDP by 2030—roughly $100 billion—is not just a number; it’s a clear reflection of the country’s forward-thinking approach. I’ve witnessed how AI is already revolutionizing industries like healthcare and finance, enhancing efficiency and making services more personalized and effective. The benefits of AI’s growth are immense. It’s streamlining operations, reducing costs, and providing businesses with the tools to stay globally competitive. Here in Abu Dhabi, the AI sector is thriving. By the end of Q2 2024, the emirate had registered 400 AI companies, with 90 new companies added in just the first half of the year—a 41.3% increase compared to the same period in 2023. The Abu Dhabi Chamber’s commitment to supporting AI businesses with tailored digital services and resources is further cementing the emirate’s position as a hub for innovation. With initiatives like the National Innovation Strategy and the Dubai Smart City project, the UAE’s leadership is creating an environment where AI-driven growth can flourish. The digital economy, which already contributed 4.3% of our GDP in 2022, is poised to expand further as more companies embrace AI. For me, the future is incredibly promising, with AI unlocking new opportunities for entrepreneurs, creating jobs, and boosting investor confidence. It’s an exciting time to be in Abu Dhabi, and I can’t wait to see what we’ll achieve together. #AI #UAE #AbuDhabi #GDP #digitaleconomy #hubofinnovation #NationalInnovationStrategy #DubaiSmartCity #AIbusinesses #investorconfidence
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AI is revolutionizing industries and economies worldwide, with the #MENA region emerging as a key leader in driving this transformation.💫 Our Co-founder and CBO, Dina Alsamhan, moderated a thought-provoking panel titled 'AI as Catalyst for Economic Prosperity' at the 7th annual Sharjah Investment Forum hosted by Sharjah Investment and Development Authority (Shurooq). Joined by top industry leaders, the discussion explored AI’s role in shaping the broader economy, how companies are leveraging emerging technologies to fuel growth, and what the future holds for jobs and society at large in the AI economy. #SIF2024 #ArtificialIntelligence #EconomicProsperity #Innovation
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The USA is set to form an AI alliance worth $1.5 billion with UAE, and here's what it means to UAE businesses: > This partnership is set to catalyze economic growth and reinforce Abu Dhabi's position as a global hub for AI innovation, offering substantial benefits to UAE businesses. > It'll integrate cutting-edge AI technologies across key sectors such as healthcare, finance, and transportation, enhancing operational efficiencies and fostering innovation. > This will also amplify UAE's AI capabilities and positioning businesses as leaders in the global digital economy Here are 3 opportunities that I think will open with this partnership: 1. Investment influx: Enhanced credibility and visibility from such a high-profile alliance can attract increased investment in UAE's tech sectors, particularly in startups and firms innovating in AI. 2. Innovation leadership: Participation in joint initiatives offers UAE businesses a platform to lead in innovation, particularly in sectors where the UAE has strategic interests such as renewable energy, smart cities, and logistics. 3. Global market access: The alliance opens doors for UAE businesses to new markets, facilitated by joint ventures and partnerships with US companies looking to expand their operations with AI-driven solutions. As this strategic alliance unfolds, the potential for transformative impacts on the UAE's economic landscape is immense. For UAE businesses, it's time to engage with this emerging AI revolution to harness the opportunities this US-Abu Dhabi partnership is set to offer. #economicgrowth #globalleadership #strategicpartnership
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