UAE and India sign $20 billion AI deal

Artificial Intelligence Bridge agreement between the United Arab Emirates and India aims to explore options to grow artificial intelligence economies.
AI, Artificial intelligence, Tech, UAE, United Arab Emirates, India, Future, Agreement, Innovation

Share

The United Arab Emirates and India have signed a bilateral Artificial Intelligence Bridge agreement that seeks to create economic benefits worth $20 billion during the next decade.

Omar bin Sultan Al Olama, the United Arab Emirates Minister of State for Artificial Intelligence, and Deepak Bagla, managing director and CEO of Invest India, the country's investment promotion agency, on Saturday signed a memorandum of understanding.

According to state news agency WAM, the agreement aims to spur discussion and explore options for the UAE and India to grow their artificial intelligence (AI) economies.

The UAE Minister said: "How a country chooses to embrace artificial intelligence will have a tremendous impact on its ability to innovate and prosper. Data and processing will be a catalyst for innovation and business growth and serve as the backbone of more effective and efficient service delivery system."

Bagla added: "Artificial intelligence is going to play a critical role in our lives and this partnership will provide solutions not only for the citizens of India and the UAE, but for the entire world."

The collaboration will focus on open bilateral engagement through a joint working group, WAM said, adding that there is potential to work together with governments, technology start-ups, academia and industry associations to understand how technology is evolving and how its adoption can be accelerated.

This story first appeared at Arabian Business.

Editor's Choice

Meet Dr Moudhi Aljamea, STC's first female executive
First female executive at the Saudi telco.
First Women's Council for telco industry in UAE launched by du
EITC Women's Council will enhance overall performance, participation and wellness of female employees, while also promoting tolerance and inclusion.
VIDEO: CommsMEA interviews Sophia the robot
CommsMEA editor Ben Mack speaks with Sophia, the social humanoid robot, at Etisalat's stand at GITEX 2018.

Most popular

Don't Miss a Story