The bill that formed the Artificial Intelligence and Advanced Technology Council (AIATC) was signed by Sheikh Mohamed bin Zayed Al Nahyan, the ruler of Abu Dhabi and president of the United Arab Emirates.
The government of Abu Dhabi said that the council will be in charge of developing and putting into practice artificial intelligence (AI) policies and strategies that will be used in infrastructure, investments, and research.The council will work with regional and international partners to create plans and research initiatives in addition to policies.This seeks to “improve Abu Dhabi’s standing” in the AI industry.This initiative aligns with the emirate’s endeavors to establish itself as a center for collaborations, investments, and talent within the advanced technology industry.Additionally, the president issued a resolution designating Sheikh Tahnoun bin Zayed Al Nahyan as the AIATC’s chairman and Sheikh Khaled bin Mohamed bin Zayed Al Nahyan as vice chairman.
In an effort to establish the United Arab Emirates as a global hub for budding entrepreneurs, the government has embraced numerous technical innovations.The Emirates Blockchain Strategy, which intends to promote blockchain usage, was unveiled by the nation in 2018.The Virtual Asset Regulatory Authority (VARA) was founded in March 2022 by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, to oversee cryptocurrencies and digital assets.The also intensified its metaverse endeavors in July 2022 with the introduction of the Dubai Metaverse Strategy, with the objective of facilitating over 40,000 virtual jobs by 2030.
The nation has made AI technology one of its main areas of attention more recently.The Dubai International Financial Centre (DIFC) began providing commercial licenses at a 90% subsidy for AI and Web3 enterprises on August 15, 2023.According to CEO of the DIFC Innovation Hub, Mohammad Alblooshi, the licenses were granted in an attempt to “attract more global talent and investment to the region.”In addition to offering discounted commercial licenses, the nation created a special free economic zone for Web3 and AI service providers.The Ras Al Khaimah (RAK) emirate unveiled the RAK Digital Assets Oasis (DAO) for Web3, digital assets, and artificial intelligence on October 19, 2023.