The future of artificial intelligence will be decided by Dubai's tech unicorns and technology experts – not bureaucrats, Omar Al Olama, Minister of State for AI, Digital Economy and Remote Work Applications, said on Wednesday.
In his keynote speech at the opening of the Dubai AI and Web3 Festival, the minister said: “The future of AI will not be determined by technocrats and bureaucrats like myself.
“It will be decided by the people in this room, the [tech] unicorns who decided to call Dubai home, by technology experts who appreciate the speed of our government and the openness this country has.”
He told the entrepreneurs, founders and established technology leaders attending the two-day festival: “Our job is to enable you, our job is to ensure you're able to use Dubai and the UAE as a springboard to make global companies that will make global impact and change the future.”
Mr Al Olama said that the UAE, and Dubai in particular, was not trying to “out-compete” companies or researchers on AI, but is instead focused on how AI can be applied to everyday life.
“We want to be the fastest country and fastest city to deploy AI for a good quality of life and to deploy AI to make more effective decision-making,” he told the event at Madinat Jumeirah.
Mr Al Olama, appointed as UAE's first AI minister in 2017, also spoke about the need to work with other countries around the world to ensure that AI develops in a safe manner that alleviates some of the fears, for example around labour disruption and potential misuse of the burgeoning technology.
“Your children and grandchildren will either thank us or blame us for the decisions we make in this day and age in what this technology is allowed to do and what this technology is used for,” he said.
Collective action and collaboration, he said, have been and will continue to be areas of focus as the UAE seeks to be a leader in both artificial intelligence innovation and regulation.
He referred to the US announcement of voluntary requirements for companies on artificial intelligence and its ambitions to have chief AI officers in every government agency.
“The direct action and reaction that the UAE and Dubai took specifically is that chief AI officers were identified, assessed and appointed in less than one month,” he said, saying such actions show how the UAE adapts and reacts quickly to ideas.
While AI might seem to be on the tip of every tongue in 2024, the UAE has long sought to be a significant player in the sector, both in terms of technology start-ups and government policy.
In 2019, the country announced Mohamed bin Zayed University of Artificial Intelligence, the world’s first dedicated artificial intelligence university.
Earlier this year, Sam Altman, founder and chief executive of OpenAI, the maker of ChatGPT, told the World Government Summit that the UAE would be well positioned to be a leader in discussions about a hypothetical global AI watchdog system.
The country also recently became the first in the Arab world to join 49 other nations in the Hiroshima AI Process Friends Group, which is dedicated to AI safety and security.
It has also sought to ensure aspects of Arabic culture are not left behind by the initial AI surge in which most large language models were based on English-language data. Jais 70B, an LLM, delivers Arabic-English capabilities at an unprecedented size and scale.
Abu Dhabi artificial intelligence and cloud company G42 also recently helped to culturally broaden the AI landscape with the launch of a Hindi large language model.
Attendees at the AI & Web3 Festival include representatives from Microsoft, Meta, Google and Builder.ai and other companies. Government organisations such as Dubai Police, Dubai Digital Authority and the Ministry of Innovation are also taking part.
While artificial intelligence is a major theme at the event, blockchain, decentralisation and technology openness – often collectively falling under the banner of Web3 – are also on the agenda and feature throughout the exhibition booths.
Mr Al Olama also mentioned Tuesday's US presidential debate between Kamala Harris and Donald Trump during his speech.
“I typically am not nervous of speaking in front of crowds but, to be honest, I understand the monumental task of trying to compete for your attention following the presidential debate that took place a few hours ago,” he said, prompting laughter from the audience.
“Who knows what that means for each and every individual, each company and countries around the world.”
SHOW COURTS ORDER OF PLAY
Centre Court (4pm UAE/12pm GMT)
Victoria Azarenka (BLR) v Heather Watson (GBR)
Rafael Nadal (ESP x4) v Karen Khachanov (RUS x30)
Andy Murray (GBR x1) v Fabio Fognini (ITA x28)
Court 1 (4pm UAE)
Steve Johnson (USA x26) v Marin Cilic (CRO x7)
Johanna Konta (GBR x6) v Maria Sakkari (GRE)
Naomi Osaka (JPN) v Venus Williams (USA x10)
Court 2 (2.30pm UAE)
Aljaz Bedene (GBR) v Gilles Muller (LUX x16)
Peng Shuai (CHN) v Simona Halep (ROM x2)
Jelena Ostapenko (LAT x13) v Camila Giorgi (ITA)
Jo-Wilfried Tsonga (FRA x12) v Sam Querrey (USA x24)
Court 3 (2.30pm UAE)
Kei Nishikori (JPN x9) v Roberto Bautista Agut (ESP x18)
Carina Witthoeft (GER) v Elina Svitolina (UKR x4)
Court 12 (2.30pm UAE)
Dominika Cibulkova (SVK x8) v Ana Konjuh (CRO x27)
Kevin Anderson (RSA) v Ruben Bemelmans (BEL)
Court 18 (2.30pm UAE)
Caroline Garcia (FRA x21) v Madison Brengle (USA)
Benoit Paire (FRA) v Jerzy Janowicz (POL)
3%20Body%20Problem
%3Cp%3E%3Cstrong%3ECreators%3A%3C%2Fstrong%3E%20David%20Benioff%2C%20D%20B%20Weiss%2C%20Alexander%20Woo%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EBenedict%20Wong%2C%20Jess%20Hong%2C%20Jovan%20Adepo%2C%20Eiza%20Gonzalez%2C%20John%20Bradley%2C%20Alex%20Sharp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Breaking News: The Remaking of Journalism and Why It Matters Now
Alan Rushbridger, Canongate
'The Coddling of the American Mind: How Good Intentions and Bad Ideas are Setting up a Generation for Failure'
Greg Lukianoff and Jonathan Haidt, Penguin Randomhouse
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
Top tips
Create and maintain a strong bond between yourself and your child, through sensitivity, responsiveness, touch, talk and play. “The bond you have with your kids is the blueprint for the relationships they will have later on in life,” says Dr Sarah Rasmi, a psychologist.
Set a good example. Practise what you preach, so if you want to raise kind children, they need to see you being kind and hear you explaining to them what kindness is. So, “narrate your behaviour”.
Praise the positive rather than focusing on the negative. Catch them when they’re being good and acknowledge it.
Show empathy towards your child’s needs as well as your own. Take care of yourself so that you can be calm, loving and respectful, rather than angry and frustrated.
Be open to communication, goal-setting and problem-solving, says Dr Thoraiya Kanafani. “It is important to recognise that there is a fine line between positive parenting and becoming parents who overanalyse their children and provide more emotional context than what is in the child’s emotional development to understand.”
Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright
Key findings of Jenkins report
- Founder of the Muslim Brotherhood, Hassan al Banna, "accepted the political utility of violence"
- Views of key Muslim Brotherhood ideologue, Sayyid Qutb, have “consistently been understood” as permitting “the use of extreme violence in the pursuit of the perfect Islamic society” and “never been institutionally disowned” by the movement.
- Muslim Brotherhood at all levels has repeatedly defended Hamas attacks against Israel, including the use of suicide bombers and the killing of civilians.
- Laying out the report in the House of Commons, David Cameron told MPs: "The main findings of the review support the conclusion that membership of, association with, or influence by the Muslim Brotherhood should be considered as a possible indicator of extremism."
Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.
Based: Riyadh
Offices: UAE, Vietnam and Germany
Founded: September, 2020
Number of employees: 70
Sector: FinTech, online payment solutions
Funding to date: $116m in two funding rounds
Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
