The development of artificial intelligence systems will be a boon for the future economy.
But it needs to keep to legal and ethical standards to prevent its misuse to protect users and organisations, a senior official at Abu Dhabi's Technology Innovation Institute (TII) said.
The momentum of AI development further complicates matters because current privacy and security regulations and standards often do not account for AI capabilities, Ebtesam Almazrouei, director of the TII AI and Digital Science Research Centre's AI cross-centre unit, told The National in an interview.
Protecting data privacy and securing digital data will continue to be a fundamental concern as AI becomes more mainstream, raising legal and ethical questions, she said.
“Building trustworthy AI is a complex, yet worthwhile task … AI solutions will need to be fair and impartial, transparent and explainable, responsible and accountable, safe and secure, privacy-focused, as well as robust and reliable,” said Ms Almazrouei, who is the first Emirati woman to obtain a PhD in AI.
“Thus, it will be incumbent on government, developers, policymakers, data scientists and other experts to identify vulnerabilities and consider innovative and proactive strategies to address them.”
The UAE is pursuing several strategies putting technology to work to support the country as it embraces digitalisation and positions itself as a global hub for innovation.
The government's National Strategy for AI aims to make the Emirates one of the leading nations of the technology by 2031, creating new economic, educational and social opportunities, and generating up to Dh335 billion ($91.2 billion) in additional growth.
The UAE ranks first in the Middle East in the 2021 edition of the Global Innovation Index and is among the top 25 countries in the 2022 Global Talent Competitiveness Index.
As part of the Projects of the 50, the country has earmarked $6.5 billion to boost the skills of young Emiratis and to prepare them for roles in the future economy.
AI is also considered one of the UAE's most important industries over the next 10 years, a May study from the UK-based Institution of Engineering and Technology found.
“The UAE government is committed to encouraging its citizens to get involved in the technology and innovation sectors … multiple policies and initiatives help drive citizen participation in these sectors,” Ms Almazrouei said.
The global AI market is projected to surpass $1.7 trillion in 2030, up from $93.5 billion in 2021, expanding at a compound annual growth rate of more than 38 per cent, data from Grand View Research shows.
This will be driven by continuous research and development, and its application into several economic industries, including manufacturing, finance, health care, retail, the auto sector and government.
AI solutions will need to be fair and impartial, transparent and explainable, responsible and accountable, safe and secure, privacy-focused, as well as robust and reliable
Ebtesam Almazrouei,
director at the Technology Innovation Institute
AI and other emerging technologies will “help us revolutionise [economic and societal] sectors, and in creating innovative privacy solutions, that will go a long way in contributing to the UAE’s national security and economic prosperity”, Ms Almazrouei said.
Globally, however, there is a shortage of talent in the AI industry, she said.
The UAE government is placing an emphasis on teaching advanced sciences and technology and AI has become an integral part of the UAE economy, Ms Almazrouei said.
“Abu Dhabi and the wider UAE are well on track to optimise its digital smart city infrastructure,” she said.
The TII is the applied research arm of the Abu Dhabi government's Advanced Technology Research Council, which oversees technology research in the capital. It has 10 research centres and more than 60 international collaborations in various fields.
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Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
Zayed Sustainability Prize
Points to remember
- Debate the issue, don't attack the person
- Build the relationship and dialogue by seeking to find common ground
- Express passion for the issue but be aware of when you're losing control or when there's anger. If there is, pause and take some time out.
- Listen actively without interrupting
- Avoid assumptions, seek understanding, ask questions
How to keep control of your emotions
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
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SERIES INFO
Cricket World Cup League Two
Nepal, Oman, United States tri-series
Tribhuvan University, Kathmandu
Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal
Table
The top three sides advance to the 2022 World Cup Qualifier.
The bottom four sides are relegated to the 2022 World Cup playoff
1 United States 8 6 2 0 0 12 0.412
2 Scotland 8 4 3 0 1 9 0.139
3 Namibia 7 4 3 0 0 8 0.008
4 Oman 6 4 2 0 0 8 -0.139
5 UAE 7 3 3 0 1 7 -0.004
6 Nepal 0 0 0 0 0 0 0
7 PNG 8 0 8 0 0 0 -0.458
The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
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Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
How to tell if your child is being bullied at school
Sudden change in behaviour or displays higher levels of stress or anxiety
Shows signs of depression or isolation
Ability to sleep well diminishes
Academic performance begins to deteriorate
Changes in eating habits
Struggles to concentrate
Refuses to go to school
Behaviour changes and is aggressive towards siblings
Begins to use language they do not normally use
TRAP
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Director: M Night Shyamalan
Rating: 3/5
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Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Rashid & Rajab
Director: Mohammed Saeed Harib
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Two stars out of five
Western Region Asia Cup T20 Qualifier
Sun Feb 23 – Thu Feb 27, Al Amerat, Oman
The two finalists advance to the Asia qualifier in Malaysia in August
Group A
Bahrain, Maldives, Oman, Qatar
Group B
UAE, Iran, Kuwait, Saudi Arabia
Who is Tim-Berners Lee?
Sir Tim Berners-Lee was born in London in a household of mathematicians and computer scientists. Both his mother, Mary Lee, and father, Conway, were early computer scientists who worked on the Ferranti 1 - the world's first commercially-available, general purpose digital computer. Sir Tim studied Physics at the University of Oxford and held a series of roles developing code and building software before moving to Switzerland to work for Cern, the European Particle Physics laboratory. He developed the worldwide web code as a side project in 1989 as a global information-sharing system. After releasing the first web code in 1991, Cern made it open and free for all to use. Sir Tim now campaigns for initiatives to make sure the web remains open and accessible to all.
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