UAE government partners with Mastercard to accelerate AI adoption

 




The UAE government has partnered with Mastercard to accelerate the adoption of artificial intelligence (AI) in the region. The two organizations signed a memorandum of understanding (MoU) that will focus on developing AI-powered solutions to fight financial crime, secure the digital ecosystem, and drive inclusive growth.

The MoU was signed by Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, and Ajay Bhalla, president of Cyber & Intelligence at Mastercard.

This is a big deal for the Middle East, which is still lagging behind other parts of the world in terms of AI adoption. The UAE government has set a goal of becoming a global hub for AI by 2031, and this partnership is a major step towards achieving that goal.

Of course, there are some potential risks associated with this partnership. Some people worry that AI could be used for surveillance or other harmful purposes. However, the UAE government has said that the partnership will be used for positive purposes, such as fighting financial crime and securing the digital ecosystem.

The partnership between the UAE government and Mastercard is seen as a positive development for the field of AI. It is a sign of the UAE's commitment to making the country a leading hub for AI, and it will help to accelerate the adoption of AI in the region.


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