Artificial intelligence (AI) is becoming a key part of the new technology mix in banks, according to a study by the Economist Intelligence Unit (EIU) for banking platform provider Temenos. You forgot to provide an Email Address. This email address doesn't appear to be valid. This email address is already registered. You have exceeded the maximum character limit.

There are two great times to make money in stock markets: the postcrash rebound and the end-of-cycle excess. Oil and technology fit the pattern perfectly in the past two years. Since the oil-price low of January 2016, the global oil and tech sectors have both made more than 80%, including dividends, beating the wider market's 53% return hands down. The oil sector was merely rebounding as oil prices tripled from their lows, but tech stocks were being led to heady heights by giddy enthusiasm for a bright future. More extreme proxies for the commodity and tech cycles have done even better.

"The level of growth that AI stands to bring to the UAE's economy is unparalleled. The nation's leaders already understand the impact of this powerful technology, evidenced by the appointment of the first Minister of AI last year. While AI-led growth will be felt across a wide variety of industries, the financial services sector has the most to gain -- which isn't surprising, given that many of its jobs can be significantly augmented with AI and machine learning. In addition, Accenture reports have already shown that banking executives globally are taking action to transform their businesses through the use of AI," said Amr El Saadani, managing director of Accenture's Financial Services practice in the Middle East and Turkey. The report identifies five key strategies for policy makers to consider when looking to implement AI: growing the local talent pipeline using AI; advocating for a code of ethics for AI; becoming the global testbed for social AI; preparing the next generation of workers for the AI future; and minimising the impact of labour market dislocation.

NEURAi, an artificial intelligence powered business analytics platform, received a grant of $10,000 through the Etihad Airways Innovation Kickstarter Award. The team members will have the opportunity to work closely with and be mentored by Etihad Airways and startAD, and to build their prototype at Al Warsha, startAD's lab at NYU Abu Dhabi. Held in partnership with ADNOC Distribution, Etihad Airways, and Crescent Enterprises, the hardware Venture Launchpad programme is one of startAD's core initiatives that aspires to strengthen the entrepreneurial ecosystem. NYU Abu Dhabi Research Professor of Engineering, Vice Provost for Innovation and Entrepreneurship, and startAD Managing Director Ramesh Jagannathan said, "startAD's strategy to catalyse Abu Dhabi and the UAE's entrepreneurship ecosystem has gained significant momentum with close to 100 startups going through our programs in the last 18 months. "In this edition of the hardware Venture Launchpad programme, we brought together promising artificial intelligence (AI) and machine learning-based startups in sectors of regional importance such as transportation, shipping, logistics, and aviation.

Muscat: The very first consultancy service that makes use of artificial intelligence (AI) was launched in Oman on Tuesday. The company, Impact Integrated, was inaugurated by Oman LNG Foundation CEO, Sheikh Khalid Al Massan. Impact Integrated founder and managing director (MD), Khalid Alhraithi claimed that it was a first of its kind venture in Middle East and North Africa (Mena). He said that the firm was an innovation radar that helps nurture said innovations. He added that name of the device they use for the purpose is Salalah 10 X.

South Korea, Germany and Singapore are the world's top-ranked nations in preparing their economies for the smooth integration of intelligent automation, according to an index and report released by ABB and The Economist Intelligence Unit. The report, 'The Automation Readiness Index (ARI): Who is ready for the coming wave of innovation?' provides a snapshot across a set of 25 countries of current government-led efforts to anticipate the resulting changes and shape the outcomes of technological progress. In assessing the existence of policy and strategy in the areas of innovation, education and the labour market, the study finds that little policy is in place today that specifically addresses the challenges of Artificial Intelligence and robotics-based automation. In addition, the report says that governmental policies and programs must ensure that the rapid adoption of automation technologies and artificial intelligence (AI) don't leave people unprepared for the new, more human-oriented jobs that will be needed as robots and algorithms take on more of the routine task that can be and will be automated. The report also claims that the engagement between policymakers, industry, educational specialists and other stakeholders is necessary for countries' preparedness for the coming wave of intelligent automation.

Could artificial intelligence upend concepts of nuclear deterrence that have helped spare the world from nuclear war since 1945? Stunning advances in AI--coupled with a proliferation of drones, satellites, and other sensors--raise the possibility that countries could find and threaten each other's nuclear forces, escalating tensions. Lt. Col. Stanislav Petrov settled into the commander's chair in a secret bunker outside Moscow. His job that night was simple: Monitor the computers that were sifting through satellite data, watching the United States for any sign of a missile launch. It was just after midnight, Sept. 26, 1983.

The Tokyo-based maker of the Walkman portable player, Aibo entertainment robot and Bravia TVs has amassed know-how over the decades when it was leading in "analog technology," said Yoshida, who was named president and chief executive in February. He said Sony's CMOS image sensor excels in its speed, lighting range and absence of noise.

The growth of AI, in particular, has the potential to revolutionize the financial services industry as it helps enhance security and data protection, improve customer centricity, and ease the regularity burden via RegTech. Blockchain also provides improved security from its distributed technology along with considerable cost savings. Big data, on the other hand, has helped provide better value for customers while helping financial firms make very astute actuarial decisions on a client's risk profile. So what can we expect to see over the next 12 months? Let's take a look at some FinTech trends in 2018 that you should pay attention to.

Technology and artificial intelligence (AI) are fashioning how people interact with everything from food to healthcare -- and so, too, for religion. From electronic scriptures to robot priests, different faiths have absorbed new ideas from the world of technology to enhance mainstream religious practices. Other apps automatically adjust fasting times during the month of Ramadan, depending on the location of a device. In fact, Muslims are one of the most plugged-in religious communities due to the high concentration of young people aged between 16 and 30 across the Middle East and Asia. A survey by the Pew Research Center in 2017 showed that poorer Muslim-majority countries boast a large amount of people with smartphones.