Is there anyone more full of promise than a new graduate? These days, perhaps one with a newly minted degree in artificial intelligence holds the most potential.
On Monday, Mohamed bin Zayed University of Artificial Intelligence held its inaugural graduation.
Fifty-two students graduated in the class of 2022 — 20 with a master's in computer vision, a strand of AI that trains computers to understand the visual world — and 32 in machine learning, a popular field that trains computers to mimic human intelligence.
While automation and AI technologies have been around for decades, only recently has the business case been made for their mainstream use. There are many factors going into the rise of AI, but the falling cost of computing power and the proliferation of data gathering are the main drivers.
There is much hand-wringing over whether robots will replace us at work (with a little boost from the recent popularity of generative AI tool ChatGPT), but the broad consensus is that AI is a net positive for job creation.
According to the World Economic Forum, digital technologies will create at least 12 million more jobs than they eliminate, as people with the right skills will be needed to program, maintain and repair them in the next several years.
To better understand the career aspirations of AI experts, The National spoke to graduates on the sidelines of MBZUAI's commencement.
The university's first class, a third of whom are women, come from 24 countries, with the UAE comprising the largest proportion, followed by India, Jordan, Kazakhstan and Morocco.
Nearly two thirds of the students are going into employment, PhD placements, paid internships or start-up businesses — and of those, 91 per cent plan to remain in the UAE, the university said.
University president Eric Xing said he hopes to bring AI “out of the ivory tower” and put it into practice, with graduates going on to be engineers, executives and government officials in the UAE.
A chance to lead the climate-change charge
Mohammed Al Zaabi, an Emirati in his 20s, was working as a reservoir engineer for Adnoc when he decided to apply to study at MBZUAI.
"At work, the name artificial intelligence kept popping up," he said. "It was always focused on artificial intelligence as a beacon of the future."
Wanting to continue his education, he decided to apply. Now, with the UAE hosting the international climate meeting Cop28 later this year, and a target set for the country to reach net zero emissions by 2050, Mr Al Zaabi said he is excited by the role AI will play in the energy transition at Adnoc, where he is returning to work.
"It [sends] out a message that the UAE is the place for the future. That's the thing that I'm really proud of being an Emirati citizen. Having this knowledge [of AI] ... it made me more assured that I am in the right place," he said.
As a person of determination, he emphasised that the university did well to accommodate him, and he hopes others will be inspired to follow the path he set.
Boosting business dreams
Akbobek Abilkaiyrkyzy, a 24-year-old graduate, said the UAE is a growing market for jobs in AI with opportunities in the public and private sector or academia.
"For MBZUAI graduates, some of us are continuing our studies to do a PhD and some of us are pursuing industry careers in the private sector for positions such as data scientists, machine learning engineers, or computer vision engineers,” said Ms Abilkaiyrkyzy, who is from Kazakhstan.
She is in the process of searching for a job and said she has had several opportunities in the energy sector and consulting in the Emirates.
"Since this is a rapidly growing space, especially in this country, I think maybe in the span of another year, the range of positions is going to only increase,” she said.
She said AI graduates often looked for a minimum salary of Dh15,000 to Dh20,000 a month but this varied greatly based on experience, education and industry.
Ms Abilkaiyrkyzy is hoping to work for a few years and gain industry experience, but intends to be an AI entrepreneur and launch her own company in the energy and technology field.
She said that once AI becomes mainstream it will be a blessing and a curse.
“It is a blessing because so many are interested and this will increase in terms of research, activities, openings, funding ... there is increasing force that will encourage bigger and better progress,” she said.
“It may be a curse on the other hand as the market can get very saturated, and it may become tough for companies or for the industries to find skilled and experienced specialists."
Ms Abilkaiyrkyzy said she has started using ChatGPT for day-to-day tasks to increase efficiency.
She sees more advantages than disadvantages to AI systems taking on more human tasks, because it will free people up to work creatively while the machines can do the monotonous, repetitive work.
A key to start-up success
Toulwani Aremu, a Nigerian machine learning graduate at MBZUAI, said job prospects are strong with a few on offer before he graduated, but he wants to give himself up to five years to try his hand as an entrepreneur.
Mr Aremu is interested in using artificial intelligence to promote health through wearable technology.
With a few job offers in hand, he hopes to work but is also considering doing a PhD.
"I’m glad I studied AI. My ambition is to create my start-up or brand or a group of different brands,” he said.
"Every day we hear news of different start-ups and we see UAE establishing different routes between different countries, so I think the UAE is the best place in the Middle East, even in the world, to start a business especially in AI.
"As one of the first AI graduates in the world I do feel sought after and a lot of recruiters have reached out to me. This degree is something that makes you sought after in the world."
The degree of the future
Saarah Abdulla, a Somali-Canadian citizen, decided to apply to MBZUAI when some projects were stalled during the pandemic at her job in the energy industry.
"I took that time to reflect and figure out what's next for me. I saw the impact that AI was having globally and the amount of effort and involvement that the UAE is putting into this technology," she said.
The degree has given her the gift of flexibility, and she's eager to consider job offers that will let her develop AI tools that can improve the status quo.
"You want to stay flexible, that's the beauty of AI: it can be applied energy, health care, transportation, the sky is the limit. So I'm looking for the best opportunity in terms of growth and development and learning," she said. "I'll also want to explore the gaps that are currently available in the market where we can leverage our extensive skills and knowledge and improve upon what's currently being done."
Helping to build a better future
Abdulaziz Aleissaee, 26, is a computer vision and cybersecurity specialist and an MBZUAI graduate.
He is currently working as an IT security specialist at Abu Dhabi Media. He wanted to combine his knowledge of AI and cybersecurity and hopes to pursue a PhD.
"AI can open a variety of opportunities for me, whether it’s academia or research based. I am very interested in applying my AI knowledge in entrepreneurship and coming up with solutions to help better the UAE,” Mr Aleissaee said.
He said he was coming up with solutions to convince his employers that they could skip miles ahead if they used artificial intelligence rather than mundane solutions.
"I am interested in everything sci-fi and everything technology. It was a no-brainer for me. When I found out there was an AI uni I had to apply. AI is changing every day,” he said.
Monster Hunter: World
Capcom
PlayStation 4, Xbox One
11 cabbie-recommended restaurants and dishes to try in Abu Dhabi
Iqbal Restaurant behind Wendy’s on Hamdan Street for the chicken karahi (Dh14)
Pathemari in Navy Gate for prawn biryani (from Dh12 to Dh35)
Abu Al Nasar near Abu Dhabi Mall, for biryani (from Dh12 to Dh20)
Bonna Annee at Navy Gate for Ethiopian food (the Bonna Annee special costs Dh42 and comes with a mix of six house stews – key wet, minchet abesh, kekel, meser be sega, tibs fir fir and shiro).
Al Habasha in Tanker Mai for Ethiopian food (tibs, a hearty stew with meat, is a popular dish; here it costs Dh36.75 for lamb and beef versions)
Himalayan Restaurant in Mussaffa for Nepalese (the momos and chowmein noodles are best-selling items, and go for between Dh14 and Dh20)
Makalu in Mussaffa for Nepalese (get the chicken curry or chicken fry for Dh11)
Al Shaheen Cafeteria near Guardian Towers for a quick morning bite, especially the egg sandwich in paratha (Dh3.50)
Pinky Food Restaurant in Tanker Mai for tilapia
Tasty Zone for Nepalese-style noodles (Dh15)
Ibrahimi for Pakistani food (a quarter chicken tikka with roti costs Dh16)
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Like a Fading Shadow
Antonio Muñoz Molina
Translated from the Spanish by Camilo A. Ramirez
Tuskar Rock Press (pp. 310)
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
The biog
Name: Shamsa Hassan Safar
Nationality: Emirati
Education: Degree in emergency medical services at Higher Colleges of Technology
Favourite book: Between two hearts- Arabic novels
Favourite music: Mohammed Abdu and modern Arabic songs
Favourite way to spend time off: Family visits and spending time with friends
If you go
- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
- The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
- The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
What is a calorie?
A food calorie, or kilocalorie, is a measure of nutritional energy generated from what is consumed.
One calorie, is the amount of heat needed to raise the temperature of 1 kilogram of water by 1°C.
A kilocalorie represents a 1,000 true calories of energy.
Energy density figures are often quoted as calories per serving, with one gram of fat in food containing nine calories, and a gram of protein or carbohydrate providing about four.
Alcohol contains about seven calories a gram.
Rooney's club record
At Everton Appearances: 77; Goals: 17
At Manchester United Appearances: 559; Goals: 253
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.”
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The view from The National
Coming 2 America
Directed by: Craig Brewer
Starring: Eddie Murphy, Arsenio Hall, Jermaine Fowler, Leslie Jones
3/5 stars
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
GIANT REVIEW
Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5