UAE, India to collaborate and explore options for the growth of AI
Date: 2018-07-30   Author: Pankaj Singh  Category: #technology

UAE, India to collaborate and explore options for the growth of AI

The UAE and India have reportedly signed an Artificial Intelligence Bridge bilateral agreement with an aim to achieve economic benefits worth $20 billion over the next ten years. A Memorandum of Understanding was signed by UAE’s Minister of State of Artificial Intelligence, Omar bin Sultan Al Olama and Deepak Bagla, CEO and managing director for the country’s investment promotion agency, Invest India.

Sources with knowledge of the matter informed that through the agreement, UAE and India want to encourage discussions and explore all the options which could enable both the countries to grow their artificial intelligence economies.

Omar bin Sultan Al Olama was quoted as saying the ways in which a country will choose to adopt artificial intelligence will have a tremendous influence on its ability to innovate and gain prosperity. Data and processing will become the catalyst for innovation and growth of businesses, while serving as the backbone for creating a more effective and efficient service delivery system, the UAE Minister added.

Deepak Bagla stated that artificial intelligence will prove to be a critical part of our lives and the partnership with UAE will help to develop solutions for not only the citizens of UAE and India, but also for rest of the world.

Sources disclosed that the UAE-India collaborative venture will be focused on permitting open bilateral engagement through a cooperative working group to understand how the artificial intelligence technologies are evolving. TWG, the AI Working Committee jointly formed between UAE’s Ministry of Artificial Intelligence, Invest India and government’s Startup India initiative, will supposedly meet one a year with the purpose of increasing investments in AI startups.

The working group will explore the potential to team up with the private sector and actively conduct research activities, finding ways to accelerate the adoption of artificial intelligence, sources mentioned. Industry experts believe that the UAE-India AI partnership will especially benefit the education, healthcare, transportation, infrastructure, climate control and oil & gas sectors.



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Video Surveillance Equipment Technology Market Size & Share to See Modest Growth Through 2023
Author: Partha Ray

' Video Surveillance Equipment Technology Market forecast report now available with Market Study Report encompasses an exhaustive study of this business space with regards to pivotal industry drivers, market share analysis, and the latest trends c...


Energy-as-a-Service (EaaS) Market Size & Share to See Modest Growth Through 2023
Author: Partha Ray

Global Energy-as-a-Service (EaaS) Market Report is a systematically conducted exhaustive study of the Global Energy-as-a-Service (EaaS) market. The aim of the Global Energy-as-a-Service (EaaS) Market report is to assist novice as well as seeded pl...


Smart Highway Construction Market Forecast to 2023: Top Companies, Growth Factors and Trend Forecast to 2023
Author: Partha Ray

The report Smart Highway Construction Market Research highlights key dynamics of Global Smart Highway Construction sector. The potential of the Smart Highway Construction Market has been investigated along with the key challenges. The current Mark...