DUBAI: Investing in reskilling workers will help create new jobs as Artificial Intelligence takes over, The Global AI Summit “AI for the Good of Humanity” in Riyadh heard on Thursday.
CEO of Saudi Telecom Group, Nasser Sulaiman Al-Nasser, believes that although AI is expected to displace 73 million jobs globally by 2022, with investment of reskilling employees, it could create 130 million jobs.
“Our government (Saudi Arabia) is prioritizing and investing in education,” Nasser said, explaining that this is an important part of reskilling individuals in preparation for the use of AI in industries.
Nasser told an audience at the summit that AI will replace tedious jobs but in turn, will create new jobs that require new skills.
“We have to look at AI from two perspectives; from the enablement part and from the potential (it has),” he said, explaining that it is more than just a technology, but rather an eco-system.
One of the pillars of the AI ecosystem, Nasser said, is partnerships with tech providers and industries.
Digital Transformation Adviser, Anett Numa, said during the summit that the public sector and the government need to be leading in the development of AI with the help of academia and the private sector for efficient results.
Investment in reskilling will create new jobs as AI takes over, Global AI Summit hears
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Investment in reskilling will create new jobs as AI takes over, Global AI Summit hears
- AI is expected to displace 73 million jobs globally by 2022
- AI could also create 130 million new jobs that require new skills
India seals $3bn LNG agreement with UAE
- Leaders hold talks to strengthen trade, defense ties
NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.
The agreement was signed during a very brief two-hour visit to India by UAE President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian Prime Minister Narendra Modi.
They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.
Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.
ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.
“India is now the UAE’s largest customer and a very important part of ADNOC Gas’ LNG strategy,” the company said.
The UAE is India’s third largest trading partner and Sheikh Mohammed was accompanied by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.
Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.
“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in particular ways in the conflicts of the region,” he said.
