UAE and India sign agreement on Artificial Intelligence


Dubai: The UAE and India on Saturday signed an agreement to spur discussion and explore options for both countries to grow their artificial intelligence economies. The UAE Minister for Artificial Intelligence and Invest India signed a Memorandum of Understanding for the India-UAE Artificial Intelligence Bridge. The partnership will generate an estimated $20 billion (Dh73.4 billion) in economic benefits during the next decade. The UAE-India collaboration will seek to evaluate the dynamic nature of innovation and technology by convening a UAE-India AI Working Committee (TWG) between the UAE Ministry for Artificial Intelligence, Invest India and Startup India. The TWG will meet once a year with the mandate to increase investment in AI start-ups and research activities in partnership with the private sector.