An agreement establishing the India-UAE Artificial Intelligence Bridge was signed in New Delhi on Saturday.
The Bridge aims to encourage discussion and explore options for both countries to grow their artificial intelligence economies.
The partnership that was signed by Omar Al Olama, Minister of State for Artificial Intelligence, on behalf of the UAE and Deepak Bagla, managing director and chief executive of Invest India, is expected to generate an estimated $20 billion (Dh73.5bn) in economic benefits over the next 10 years, reported state news agency Wam.
"Artificial Intelligence will lead human development in the coming years. The UAE and India will be at the forefront of the change to come," said Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.
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Read more:
The UAE will save billions thanks to artificial intelligence, says AI minister
The degree of the future: UAE's first Artificial Intelligence course is launched
AI summer camp stands the nation in good stead to be a leader, not a follower
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Indian Prime Minister Narendra Modi said human objectives and intentions will determine AI’s progress and has previously highlighted the need to develop AI-based solutions in India and for India.
A UAE-India AI Working Committee, that includes the UAE Ministry for Artificial Intelligence, Invest India and Start Up India, will meet once a year with the mandate to increase investment in AI start-ups and research activities in partnership with the private sector.
"How a country chooses to embrace artificial intelligence will have a tremendous impact on a country’s ability to innovate and prosper. In the coming years, data and processing will be a catalyst for innovation and business growth and serve as the backbone of more effective and efficient service delivery systems," said Mr Al Olama.
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Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
KILLING OF QASSEM SULEIMANI
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The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
