The UAE government partnership with MasterCard to accelerate adoption of artificial intelligence

  • Date: 24-Aug-2023
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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The UAE government partnership with MasterCard to accelerate adoption of artificial intelligence

Dubai: The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office and Mastercard today signed a Memorandum of Understanding to increase AI capabilities and readiness in the region With Artificial Intelligence (AI) playing an increasingly transformational role across society. An initial focus of the effort will be dedicated to battling financial crime, securing the digital ecosystem and driving inclusive growth in the UAE and beyond.

H.E. Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications emphasized the UAE government's dedicated efforts towards strategic collaborations with the private sector and leading international companies. These collaborations have been recognized as pivotal catalysts for expediting the adoption of artificial intelligence, a crucial component of the nation's journey towards digital advancement and prosperity.

His Excellency pointed out the significance of bilateral cooperation. He emphasized the importance of realizing the aspirations outlined in the UAE Strategy for Artificial Intelligence 2031. This strategy aims to consolidate the UAE's position as a leading hub for artificial intelligence. Concurrently, it seeks to foster the development of comprehensive technology-driven frameworks within priority sectors.

Furthermore, His Excellency praised MasterCard's efforts in adopting artificial intelligence, as well as their inauguration of a global center dedicated to