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Find out moreThis comprehensive guide is designed to help you navigate the intricate landscape of family business and private wealth in the Middle East, where family businesses constitute approximately 60% of GDP and employ 80% of the workforce in the GCC, offering unparalleled opportunities for wealth creation and preservation.
Packed with insights, strategies, and expert advice from our talented lawyers, Legacy provides tailored solutions to the unique challenges of asset protection, succession planning, and dispute resolution in this dynamic region.Read the publication and equip yourself with the knowledge and tools necessary to thrive, whether you’re a seasoned investor, a family business owner, part of the next generation, or a newcomer exploring opportunities in the region.
Read NowThe United Arab Emirates’ (UAE) Artificial Intelligence (AI), Digital Economy and Remote Work Applications office has as of July 2024 released the Charter for the Development and use of AI.
The Charter for development and use of AI provides a guiding framework designed to safeguard the rights of the UAE community in the creation and application of AI technologies and solutions, with the primary aim being to position UAE as a leading nation in AI by 2031.
The Charter seeks to create an environment that upholds the highest standards of safety and privacy by establishing robust principles such as ensuring that all AI developments prioritizes human well- being by fostering a beneficial interaction between AI and humans, ensuring that all AI systems adhere to high safety standards whilst addressing algorithmic bias to promote fairness, inclusivity and equal access to technological benefits enabling diverse and non- discriminatory outcomes.
In consonance with UAE’s data privacy standards, the Charter underscores the vital role of data in fostering innovation while prioritizing community privacy. It emphasizes the need for transparency, governance, and accountability in AI applications. Additionally, the Charter highlights the importance of human oversight to ensure that AI systems adhere to ethical standards and effectively address biases.
Reflecting UAE’s vision for leadership in digital, technological, and scientific fields, the Charter promotes technological excellence in AI to foster innovation and boost competitiveness. It reflects a commitment to the public good, ensuring AI development serves societal interests and upholds fundamental rights for all segments of society.
Lastly, the Charter also highlights the crucial role of adhering to both international treaties and local regulations in the development and deployment of AI technologies.
Click here to read the Charter – https://www.tamimi.com/wp-content/uploads/2024/08/UAEAI-Methaq-Jul-EN.pdf
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