In an age where tech leaders and entrepreneurs receive the attention once reserved for film stars and world leaders, Microsoft's announcement that it had hired British AI expert Mustafa Suleyman rightly made waves.
On his website, Mr Suleyman describes himself as a “serial tech entrepreneur”, and that's not an exaggeration.
His CV speaks for itself. His rise to fame and some of his entrepreneurial ventures coincide with the artificial intelligence revolution the world is seeing.
In 2010, well before AI was on the tip of almost every tech pundit's tongue, he founded DeepMind, a London-based AI research company which created a buzz in tech circles.
DeepMind's AI research put it ahead of the curve, making it the envy of established tech titans such as Google, which acquired the company in 2014. Following the acquisition, he became a heavy hitter at the internet search company and served as vice president of AI products and AI policy.
Most recently, Mr Suleyman served as co-founder and chief executive of Inflection AI, an AI consumer technology company which boasts AI Pi, which, it says, allows more than six million people to use AI “with world class personality and empathy”.
On Tuesday, Mr Suleyman added another accolade to his CV, when he posted on X that he will be joining Microsoft as chief executive of Microsoft AI.
“I'll be leading all consumer AI products and research, including Copilot, Bing and Edge,” he wrote on the social media platform, noting that his “friend and longtime collaborator” Karen Simonyan would also be joining him in the role of chief scientist.
Microsoft chief executive Satya Nadella wasted no time in welcoming Mr Suleyman into the Redmond, Washington-based technology behemoth's ranks.
“Thrilled to have you lead Microsoft AI as we build consumer AI, like Copilot, that is loved by and benefits people around the world,” Mr Nadella posted on X.
Microsoft is no stranger to the AI sector and has been betting big on the potential of growth it offers. It already has forged a long-term partnership through a multibillion dollar investment in ChatGPT-maker OpenAI.
Mustafa Suleyman's AI influence
Given his ability to ride the AI wave, as well as being no stranger to many of the global tech behemoths, it's no surprise that Mr Suleyman is also represented by Creative Artists Agency, which has some of the world's most prominent athletes, celebrities and tech stars on its books.
Last year, his book, The Coming Wave: Technology, Power, and the Twenty-first Century, worked its way on to The New York Times bestseller list. There's one overwhelming message his book delivers and that is the need for society not to look away from AI, but be prepared for it.
“Properly addressing this wave, containing technology and ensuring that it always serves humanity means overcoming pessimism aversion. It means facing head-on the reality of what's coming,” he wrote.
“Some people may understandably expect a more techno-utopian book from someone like me, a founder of two AI companies. As a technologist and entrepreneur, I am, by default, an optimist … but I also believe that those of us driving technology's creation must have the courage to predict – and take responsibility for where it might take us in the decades to come.”
At the 2024 World Economic Forum's Annual Meeting in Davos, Mr Suleyman took to the stage with International Monetary Fund managing director Kristalina Georgieva and Dmytro Kuleba, Foreign Minister of Ukraine, among other leaders and officials, for a discussion on the global implications of AI.
He was asked specifically if the technology industry's calls for AI regulation were genuine.
“I think those calls are sincere, but I think we are all a bit confused,” he told CNBC in Davos. “This is going to be the most transformational moment, not just in technology, but in culture and politics for all of our lifetimes.
“It [AI] will be widely available to everybody, potentially in open source and other forms, and that's going to be massively destabilising, so whichever way you look at it there are incredible upsides and there's the potential to empower everybody to be able to conflict in ways we otherwise might not because we have so many different opinions in the world.”
Mr Suleyman's presence and opinions have been highly sought after over the last several years by media outlets and he has been a regular speaker at panel discussions around the world.
At the CogX Festival in London last year, the tech entrepreneur put AI in a historical context. There have been threats with every new technology, he said, but over time safety measures were adopted to make them safe and reliable.
Muslim Youth Helpline
Although he's now synonymous with his thoughts on ethics and AI, Mr Suleyman's earliest endeavours showed an interest in altruism.
In 2004, Mr Suleyman was listed as a board member for the Muslim Youth Helpline, which sought to advise young Muslims “in the condition of emotional need, hardship and mental distress through culturally aware and faith sensitive counselling and practical assistance”, data from the Registrar of Companies for England and Wales shows.
Although he no longer serves on the board, the youth helpline is still offering mental wellness services.
Mr Suleyman, whose father was originally from Syria and his mother a nurse for the UK's National Health Service, spoke to Wired magazine in 2016 about AI's potential impact on health care.
“We're here to make the world a better place,” he said at the time.
Easter%20Sunday
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A%20MAN%20FROM%20MOTIHARI
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Past winners of the Abu Dhabi Grand Prix
2016 Lewis Hamilton (Mercedes-GP)
2015 Nico Rosberg (Mercedes-GP)
2014 Lewis Hamilton (Mercedes-GP)
2013 Sebastian Vettel (Red Bull Racing)
2012 Kimi Raikkonen (Lotus)
2011 Lewis Hamilton (McLaren)
2010 Sebastian Vettel (Red Bull Racing)
2009 Sebastian Vettel (Red Bull Racing)
'The Ice Road'
Director: Jonathan Hensleigh
Stars: Liam Neeson, Amber Midthunder, Laurence Fishburne
2/5
Pox that threatens the Middle East's native species
Camelpox
Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
Houbarapox
Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
The specs
Engine: 5.0-litre supercharged V8
Transmission: Eight-speed auto
Power: 575bhp
Torque: 700Nm
Price: Dh554,000
On sale: now
Company%20Profile
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Racecard
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England Test squad
Joe Root (captain), Moeen Ali, James Anderson, Jonny Bairstow (wicketkeeper), Stuart Broad, Jos Buttler, Alastair Cook, Sam Curran, Keaton Jennings, Dawid Malan, Jamie Porter, Adil Rashid, Ben Stokes.
UK%20record%20temperature
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Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
SUNDAY'S ABU DHABI T10 MATCHES
Northern Warriors v Team Abu Dhabi, 3.30pm
Bangla Tigers v Karnataka Tuskers, 5.45pm
Qalandars v Maratha Arabians, 8pm
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206-cylinder%203-litre%2C%20with%20petrol%20and%20diesel%20variants%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%3Cbr%3E%3Cstrong%3EPower%3A%3C%2Fstrong%3E%20286hp%20(petrol)%2C%20249hp%20(diesel)%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E450Nm%20(petrol)%2C%20550Nm%20(diesel)%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EStarting%20at%20%2469%2C800%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
65
%3Cp%3E%3Cstrong%3EDirectors%3A%20%3C%2Fstrong%3EScott%20Beck%2C%20Bryan%20Woods%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EAdam%20Driver%2C%20Ariana%20Greenblatt%2C%20Chloe%20Coleman%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3C%2Fp%3E%0A
Avengers: Endgame
Directors: Anthony Russo, Joe Russo
Starring: Robert Downey Jr, Chris Evans, Scarlett Johansson, Chris Hemsworth, Josh Brolin
4/5 stars
UAE currency: the story behind the money in your pockets
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
WORLD'S%2010%20HIGHEST%20MOUNTAINS
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The%20specs
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COMPANY%20PROFILE
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More on Quran memorisation:
Fixtures
Opening day Premier League fixtures for August 9-11
August 9
Liverpool v Norwich 11pm
August 10
West Ham v Man City 3.30pm
Bournemouth v Sheffield Utd 6pm
Burnley v Southampton 6pm
C Palace v Everton 6pm
Leicester v Wolves 6pm
Watford v Brighton 6pm
Tottenham v Aston Villa 8.30pm
August 11
Newcastle v Arsenal 5pm
Man United v Chelsea 7.30pm
The specs: 2019 Mercedes-Benz C200 Coupe
Price, base: Dh201,153
Engine: 2.0-litre turbocharged four-cylinder
Transmission: Nine-speed automatic
Power: 204hp @ 5,800rpm
Torque: 300Nm @ 1,600rpm
Fuel economy, combined: 6.7L / 100km
WITHIN%20SAND
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MATCH INFO
Fixture: Thailand v UAE, Tuesday, 4pm (UAE)
TV: Abu Dhabi Sports
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
MATCH INFO
Uefa Champions League, Group B
Barcelona v Inter Milan
Camp Nou, Barcelona
Wednesday, 11pm (UAE)
%E2%80%98White%20Elephant%E2%80%99
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