Aiden Insight will also perform risk assessment and compliance monitoring, attending IHC board meetings as a non-voting observer. This move is not unprecedented, as Hong Kong’s Deep Knowledge Ventures previously used an AI algorithm to assist its board in making decisions. IHC and G42 are part of a $1.5 trillion empire controlled by Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser.
Key takeaways:
- Abu Dhabi’s International Holding Co. (IHC) is adding an AI-powered observer, Aiden Insight, to its board to aid in strategic decision making.
- Aiden Insight will analyze business data, financial information, market trends, and global economic indicators. The initiative is backed by Emirati AI company G42 and Microsoft Corp.
- The UAE is aiming to become a global leader in testing and regulating AI technology, with G42 leading the country's AI efforts and partnering with OpenAI.
- IHC has formed a joint venture with India’s Adani Group to explore artificial intelligence and other technologies. Aiden Insight will attend IHC board meetings as a non-voting observer, focusing on risk assessment and compliance monitoring.