UAE's Artificial Intelligence Office launches business challenge

The UAE's Artificial Intelligence, Digital Economy and Remote Work Applications Office has announced the launch of its "AI Challenge" to fuel the growth of the UAE's AI landscape and foster new opportunities for AI-focused businesses and talent.

It invites seed and startups to propose AI-driven solutions in cybersecurity, generative AI in banking and finance, customer lifecycle management, productivity enhancement, emerging fintech, and environmental, social and governance business impact.

It aims to attract innovators and talented individuals to enhance the UAE's coding community for the future benefit of the country.

The challenge, in association with the Mastercard Centre for Advanced AI and Cyber Technology in Dubai and First Abu Dhabi Bank (FAB), will offer the winner a cash prize of $150,000, access to Mastercard's global sponsorships, events, and assets, and an accelerated enrolment into its award-winning global startup engagement programme, Start Path.

Start Path helps startups scale their business through mentoring, innovation opportunities and engagement with the technology company's global network of banks, merchants, partners and digital players.

Saqr Binghalib, Executive Director of UAE's Artificial Intelligence, Digital Economy and Remote Work Applications Office, said, "the UAE government focuses on strengthening partnerships with leading technology companies, innovators and talent who seek to drive the nation's progress and prosperity journey. Its efforts aim to advance technological progress, shape the future of artificial intelligence and consolidate the UAE's position at the forefront of leading countries in future fields."