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Monday, June 24, 2024

“Sheikh Hamdan: Dubai’s AI Future — A New Era for Humanity”

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council, and Chairman of the Board of Trustees of the Dubai Future Foundation, emphasized Dubai’s commitment to becoming a global technology innovation hub. He highlighted the significance of the Dubai Assembly for Generative AI, held at the Museum of the Future and AREA 2071, as a reflection of the emirate’s growing influence in the global technology landscape. The assembly, hosted by the Dubai Future Foundation (DFF), attracted 2,200 attendees and global tech leaders, including Microsoft, Meta, IBM, PwC, Deloitte, SAP, Nokia, and McKinsey.

Sheikh Hamdan stated, “Artificial Intelligence heralds a new era in human history, and Dubai seeks to be at the forefront of this transformation. The emirate’s unique model for fostering partnerships between governments and businesses is driving its aspirations to become a global leader in artificial intelligence and other emerging technologies. This collaborative spirit also fuels our commitment to convert challenges into opportunities.”

During the assembly, DFF launched the Dubai Generative AI Alliance, an alliance of global tech companies aimed at accelerating the adoption of emerging technologies in Dubai and building one of the world’s most advanced and effective tech-enabled governments. Khalfan Belhoul, CEO of DFF, invited companies and innovators to join the alliance.

Digital Dubai also introduced Dubai AI, a generative AI-powered digital city concierge that offers comprehensive information and services across various sectors, including health, entertainment, business, and education, to residents and visitors throughout the city.

The assembly featured keynotes from global AI experts, demonstrating the potential of human creativity enhanced by generative AI. Notable discussions revolved around the future governance of AI, the broadening application of generative AI, and its potential impact on various industries, including climate action, drug discovery, and banking.

Omar Sultan Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy & Remote Work Applications, called for a forward-thinking approach to AI governance, emphasizing the UAE’s exploration of generative AI’s opportunities for humanity’s benefit.

PwC experts highlighted the imminent automation of everyday tasks using generative AI on a large scale, while Deloitte identified climate action and drug discovery as key beneficiaries. QuantumBlack AI by McKinsey projected a potential $400 billion increase in revenue for the banking sector thanks to generative AI.

Adel Al Redha, Emirates’ Chief Operating Officer, discussed the airline’s adoption of advanced technologies, including generative AI, to transform cabin crew training.

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