Supporting the transformative power of artificial intelligence, which has been revealed in a wide range of economic sectors, especially in the financial and banking sectors, the United Arab Emirates has said that it is using artificial intelligence to reshape the future of the global financial sector.

BlackRock, Global Infrastructure Partners (GIP), Microsoft and MGX announced the Global Artificial Intelligence Infrastructure Investment Partnership (GAIIP).

Microsoft announced in a report that with G42 they will create two new centers in Abu Dhabi to advance their common goals of artificial intelligence.

Artificial intelligence is expected to have a transformative impact on the UAE economy, contributing up to 14% of the 2030, which is equivalent to approximately $100 billion, Botim said in a statement.

The Emirates Development Bank (EDB), a key financial engine of economic development and industrial progress in the UAE, has announced the launch of its in-house AI Wave program.

Mohammed Bin Zayed University of Artificial Intelligence (MBZUAI) is presenting its new research at the World Future Energy Summit (WFES) which has started in Abu Dhabi.