The European Union is targeting $24.4 billion of investment in artificial intelligence by 2020.

The European Union is targeting $24.4 billion of investment in artificial intelligence by 2020.
The Department of Economic Development (DED) as part of its participation in the 10X initiative has announced the ‘Dubai 3i’ project.
Al Shirawi Group of Companies, one of the largest private business conglomerates in the UAE, has adopted Oracle Human Capital Management (HCM) software application to accelerate its digital transformation journey and empower its workforce.
Emirates NBD has announced the launch of its own private cloud platform. The move is part of the bank’s ongoing AED 1 billion IT transformation.
“Cities that will succeed will not only embrace these technologies early, but will make themselves talent magnets – the ‘place to be’ – for entrepreneurs, start-ups and ideas, to progress forward and enable them to thrive in these emerging areas,” said Hashish.
China’s SenseTime Group has reportedly raised $600 million from Alibaba Group Holding Ltd. and other investors at a valuation of more than $3 billion, becoming the world’s most valuable artificial intelligence startup.
The Dubai Culture and Arts Authority (Dubai Culture) has launched its blockchain-powered digital bank for art, ArtBank.
The Dubai Future Foundation (DFF) has launched the second phase of Dubai 10X Initiative, which aims of make the emirate a world capital of innovation within the span of a decade, transforming it into “a city of the future.”
The Vice President, Prime Minister and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, on Sunday unveiled the UAE National Advanced Science Agenda 2031.
The Web has become a necessity of life, though it has been a “recurring battle to keep it open and transparent,” said Sir Timothy John Berners-Lee, the inventor of the World Wide Web.
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