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UAE Makes Strides in AI Regulation and Development

On January 22, 2024, the UAE announced the formation of the Artificial Intelligence and Advanced Technology Council (AIATC) to spearhead AI policies and investments in Abu Dhabi. Additionally, new guidelines for using AI in court proceedings were issued by the Dubai International Financial Center (DIFC), and a significant partnership was established to enhance AI regulatory compliance in financial services.

UAE AI Update

Establishing the Artificial Intelligence and Advanced Technology Council

On January 22, 2024, President Sheikh Mohamed Bin Zayed Al Nahyan announced the formation of the Artificial Intelligence and Advanced Technology Council (AIATC). This new body will be responsible for crafting policies and strategies related to AI and advanced technology in Abu Dhabi, the capital of the UAE. The council aims to foster research, build infrastructure, and attract investments to position Abu Dhabi as a leader in AI innovation.

Guidelines on LLMs and Generative AI in DIFC Court Proceedings

On December 21, 2023, the Dubai International Financial Center (DIFC) issued new guidance on the use of large language models (LLMs) and generative content generators (GCGs) in court proceedings. This guidance outlines best practices and principles to ensure transparency when using AI-generated content in DIFC court cases.

The guidelines emphasize the importance of accuracy and reliability in AI-generated content. Parties are encouraged to verify the accuracy of such content and disclose its use early in the proceedings. The guidance warns against last-minute disclosures of AI-generated content, as this could lead to trial adjournments and scheduling disruptions.

Advancing AI Regulatory Compliance in Financial Services

In November 2023, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) signed a Memorandum of Understanding. This partnership focuses on advancing AI's role in achieving better regulatory outcomes within the financial services sector.

The collaboration aims to develop regulatory and supervisory technologies that enhance compliance and operational efficiency in financial services. By leveraging AI, the FSRA and MBZUAI hope to improve the regulatory framework and ensure robust oversight of AI-driven financial services.

Impact of These Initiatives

Artificial Intelligence and Advanced Technology Council (AIATC):

• Develops AI and advanced technology policies in Abu Dhabi.

• Promotes research and infrastructure development.

• Attracts investments to boost AI innovation.

DIFC Guidelines on AI in Court Proceedings:

• Ensures transparency and accuracy of AI-generated content.

• Recommends early disclosure of AI use to avoid trial delays.

• Sets best practices for integrating AI in legal processes.

FSRA and MBZUAI Collaboration:

• Enhances regulatory compliance using AI.

• Develops supervisory technologies for financial services.

• Improves operational efficiency and oversight in the financial sector.

These initiatives highlight the UAE's commitment to integrating AI responsibly across various sectors, ensuring technological advancements align with regulatory standards and ethical considerations.

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