Dubai - Sharikat Mubasher: Experts in artificial intelligence (AI) applications and specialists in the banking and financial services sectors affirmed the pivotal role of Dubai in providing a stimulating environment for the development of unicorn companies, a recent statement revealed.

In a panel session during the AI Retreat 2024, the premier gathering for AI adoption, participating unicorn founders and experts confirmed that AI secured applications sector is rich with potential opportunities in the fields of financial transactions and remittances.

The founders of unicorn companies agreed on the significance of ensuring an enabling and supportive environment that serves as a testbed for developing AI applications to accelerate their use, expand their scope, and convey their benefits to societies and economies everywhere.

They also highlighted Dubai’s leading position in providing a flexible and attractive regulatory and digital environment for promising innovations, projects, and investments in enabling AI solutions

AI Retreat 2024 was organized by the Dubai Centre for Artificial Intelligence (DCAI) in cooperation with the National Program for Artificial Intelligence, gathering over 1,000 leaders from the government, private sectors, and tech firms.

It served as a platform for direct and open communication and sharing of critical insights, creative ideas, innovative projects, best practices, and opportunities for partnerships between the government and private sector in boosting AI applications.