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AI solutions have potential to contribute 13 trillion dollars to global economy

AI_MBZUAI

UAE to capitalize on opportunities of AI enabled industrial revolution to grow its economy and contribute to global challenges, including climate change.

Artificial intelligence research will play a key role in harnessing global opportunities and creating practical, tangible solutions for increasing AI adoption as well as generating economic and social value, said H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and President-Designate of COP28, during a visit to Mohamed bin Zayed University of Artificial Intelligence (MBZUAI).

Dr. Al Jaber, Chairman of MBZUAI, said, “AI adoption across industries will help meet the nation’s goals in advancing technology and diversifying its economy. Projections show AI solutions are on course to contribute an estimated $13 trillion to the global GDP by 2030, optimizing the industries of tomorrow, and dramatically improving the lives of billions of people in the process. We stand on the brink of a technological revolution and MBZUAI is providing a world-leading pipeline of AI specialists, and an ecosystem nurturing industrial collaboration to support the UAE’s innovation trajectory.”

During his visit, alongside G42 CEO, Peng Xiao and Professor Eric Xing, President and University Professor of MBZUAI, H.E met with leading researchers from MBZUAI and the Inception Institute of Artificial Intelligence (IIAI) to discuss key research projects that will deliver on UAE national priorities including sustainable environment and infrastructure; world-class healthcare and education systems; and exploring large language models, particularly in Arabic.

The Chairman also met with MBZUAI faculty focusing on the institution’s three core pillars of climate, health, and education, where he reviewed research on energy efficient language models and machine learning systems, maximizing solar energy outputs, and real-time autonomous malaria diagnosis and assessment. Dr. Al Jaber was also given a demonstration of environmentally friendly chatbot – Vicuna – a global collaboration between researchers at MBZUAI, UC Berkeley, Carnegie Mellon University, Stanford, and UC San Diego.

Peng Xiao commented, “The UAE’s unwavering commitment to advancing artificial intelligence and digital transformation is evident in a thriving academic institution like MBZUAI. In the three years since its establishment, MBZUAI has attracted world-renowned researchers from the most prestigious educational institutions globally. This concentration of talent has catalyzed a massive wave of growth in the local AI ecosystem and has helped the UAE build a strong platform for AI development to foster an environment conducive to driving meaningful and sustained innovation, with far-reaching impact across various industries worldwide.”

Emphasizing on the role of AI in climate based solutions Dr. Al Jaber added, “AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress.” It is estimated that AI could be used to help to reduce greenhouse gas emissions by up to 5.3 gigatons of carbon dioxide equivalent gases (CO2e) if applied globally, playing a major role in limiting global temperature increases to 1.5C.

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