UAE government partners with MasterCard to accelerate adoption of artificial intelligence

UAE government partners with MasterCard to accelerate adoption of artificial intelligence

The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office, and Mastercard today signed a Memorandum of Understanding (MoU) to increase artificial intelligence (AI) capabilities and readiness in the region.

With AI playing an increasingly transformational role across society, an initial focus of the partnership will be dedicated to battling financial crime, securing the digital ecosystem and driving inclusive growth in the UAE and beyond.

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

Al Olama pointed out the significance of bilateral cooperation, underscoring the importance of realising 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, he praised MasterCard's efforts in adopting artificial intelligence, as well as their inauguration of a global centre dedicated to artificial intelligence and