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Terra Drone to open in Saudi; MBZUAI to train region's execs
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Two big drone stories this week, as Aramco’s venture capital arm invests in Terra Drone, paving the way for it to open a subsidiary in Saudi Arabia, while Abu Dhabi’s Edge Group invests in Israeli UTM developer High Lander. We can expect commercial and military UAVs sectors to continue to be very active this year.
Meanwhile, a new YouGov survey commissioned by comms agency duke+mir has found that 55% of UAE residents surveyed are worried about losing their jobs to artificial intelligence. There have been a number of surveys over the past few years, by various companies, which have shown high levels of positive sentiment from UAE residents about AI. Has something changed? The arrival of ChatGPT perhaps?
Lastly, congrats to Mohamed bin Zayed University of Artificial Intelligence for extending the university's excellent 12 week Executive Program out to the GCC! Applications are now open to business and government leaders around the region (up until February 15).
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#Saudi #Japan #drones - Aramco's Wa'ed Ventures has invested $14 million in Japanese headquartered Terra Drone, a leading global provider of industrial drone services, which is forming a new subsidiary Terra Drone Arabia. (TechCrunch)
#UAE #jobs - 55% of UAE residents are concerned about losing their jobs to AI, according to a new survey by communications consultancy duke+mir and research firm YouGov. The poll of 1,000 people also found that fears run deepest amongst younger age groups. 66% of respondents under 25 were worried about losing their jobs to AI. (The National)
#UAE #leadership - Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has extended the its Executive Program on AI out to the wider GCC. So far, UAE 120 business and government leaders have passed through the program. (MBZUAI)
#UAE #NFTs - The UAE's NFT (non-fungible token) spend could increase from $982 million in 2022 to reach $4.7 million by 2028, according to a new report from ResearchAndMarkets. The report credits increasing participation in NFTs from entrepreneurs, businesses and celebrities. (Lara On The Block)
#Saudi #spacetech - Saudi Arabia's Communications, Space & Technology Commission (CST) has announced the formation of a space entrepreneurship, in which KACST-based co-working space The Garage is the first member. (Arab News)
#UAE #drones - EDGE, Abu Dhabi's defence technology group, has announced a strategic investment in Israeli develoer High Lander, which is best known for its drone-agnostic unmanned traffic management system platform and its drone fleet management platform Mission Control. (Emirates News Agency)
#Yemen #drones - Security agencies in Yemen seized a truck at a border checkpost on Monday, which was carrying some one hundred drone parts bound fort Iran-backed Houthi rebels. (Asharq Al Awsat English)
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