Can artificial intelligence technologies redefine the role and value of partnerships between the public and private sectors in G20 economies?
AI companies have generated billions of dollars in value for shareholders, consumers, and public and private stakeholders. For example, OpenAI, an AI research and deployment company, was established in 2015 with $1 billion in capital from prominent Silicon Valley backers such as Khosla Ventures and the Reid Hoffman Foundation.
The company is currently valued at $80 billion, highlighting the significant contribution of various stakeholders and investors in the fourth industrial revolution. The UAE has positioned itself as a global AI leader by prioritizing innovation, governance, and ethical use of AI technologies.
Several initiatives, including the development of the National AI Strategy, the establishment of the Ministry of Artificial Intelligence, and the introduction of AI Ethics and Governance guidelines, have been launched to establish the UAE as a global AI hub and promote a knowledge-based economy.
To explore more about our perspectives and analysis in the Research and Insights White Paper on Artificial Intelligence, please download a copy of the report below: