|[Photo source : Shutterstock]|
India and the UAE have just signed a deal to explore more opportunities in artificial intelligence in the hope that it will benefit both countries, especially in the areas of infrastructure, education, transportation, healthcare, oil and gas sectors, and climate control. This is according to UAE news provider, Khaleej Times.
UAE’s Minister of State for Artificial Intelligence Omar bin Sultan Al Olama and Indian investment promotion agency Invest India’s CEO and managing director Deepak Bagla signed the memorandum of understanding during the weekend. In the said agreement, it notes that in the next 10 years, the partnership is expected to generate economic benefits worth Dh73.4 billion.
The partnership will likewise convene a UAE-India AI Working Committee with Startup India, the UAE Ministry for Artificial Intelligence, and Invest India. The committee will meet once every year with an official order to increase investment in AI research activities and startups in collaboration with the private sector.
Bagla said that India is acknowledged for its innovation and has a talent pool of human capital, making it the “world’s fastest-expanding market opportunity.” He added that UAE are natural partners in the field of artificial intelligence and that AI will play an important role in their lives. Bagla believes that their partnership with UAE will provide them solutions not only for the citizens of UAE and India but for the world as a whole.
On the other hand, Al Olama pointed out that data and processing will become a “catalyst” for business growth and innovation in the next few years. He continued that it will pave the way to have a more efficient and effective service delivery systems.