{"id":95766,"date":"2024-09-13T00:00:00","date_gmt":"2024-09-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/this-morning-difc-launches-ai-license-openai-releases-ai-model-that-can-reason\/"},"modified":"2024-09-13T00:00:00","modified_gmt":"2024-09-13T00:00:00","slug":"this-morning-difc-launches-ai-license-openai-releases-ai-model-that-can-reason","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/13\/this-morning-difc-launches-ai-license-openai-releases-ai-model-that-can-reason\/","title":{"rendered":"THIS MORNING: DIFC launches AI license + OpenAI releases AI model that can \u201creason\u201d"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, lovely people<\/strong>, and happy FRIDAY. We have an energy-heavy issue for you this morning, led by Amea Power\u2019s plans to invest in renewables projects in Egypt \u2014 including what\u2019s planned to be the biggest solar plant in Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also worth your attention: <\/strong>Abu Dhabi just granted a production concession in Al Ruwais to Indian joint venture Urja Bharat, and Apex Energy formed a JV with renewables outfit Enercap for energy storage solutions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong>Headlining the EnterpriseAM Finance Forum:<\/strong> We\u2019ll be joined for the first time on stage by a senior government official, who\u2019s joining us to outline a vision for where we\u2019re going as a community and as an economy. The keynote interview will get underway at 9am sharp, and you won\u2019t want to miss our exclusive networking breakfast from 8am.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Among the topics on the agenda:<\/strong><\/p>\n<ul>\n<li><strong>Welcome to the hot seat<\/strong> \u2014 top industry CEOs set the tone by addressing the biggest (and toughest) questions of the day. <\/li>\n<li><strong>Looking from the outside in<\/strong> \u2014 what foreign investors and strategics think about Egypt right now.<\/li>\n<li><strong>The only asset class in town \u2014<\/strong> It\u2019s real estate or nothing. We\u2019ll get into the ins and outs of the industry, how it\u2019s financing itself, which areas (and price points) are next, and more. <\/li>\n<li><strong>Gazing into that crystal ball <\/strong>\u2014 The outlook for dealflow in 2025, from M&A and IPOs to securitization, FX and more. <\/li>\n<li><strong>A once in a generation opportunity? <\/strong>\u2014 A deep dive into the promise and pitfalls of the emerging energy economy.<\/li>\n<li><strong>Do we really love banking SMEs? <\/strong>\u2014 With NBFIs and fintech players staking their claims, banks are starting to take the SME market seriously.<\/li>\n<li><strong>The NBFI panel<\/strong> \u2014 The resilience of the Egyptian consumer is the business story of the decade. How are banks and NBFS players building sustainable businesses? What are the opportunities \u2014 and credit worries \u2014 in the B2B space?<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Are you going to be in Egypt and haven\u2019t requested an invitation yet? Do it today \u2014 space is limited. <\/strong><strong><a target=\"_blank\" href=\"https:\/\/finance2024.enterprise.news\/\" style=\"\" rel=\"noopener\">Tap or click here<\/a><\/strong><a target=\"_blank\" href=\"https:\/\/finance2024.enterprise.news\/\" style=\"\" rel=\"noopener\">to<\/a><a target=\"_blank\" href=\"https:\/\/finance2024.enterprise.news\/\" style=\"\" rel=\"noopener\">let us know you\u2019re interested<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** IMPORTANT NOTE \u2014 If you\u2019ve already received your invitation on email, you *must* <\/strong><strong>click through to confirm you\u2019re attending. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/282.jpg?ssl=1\"\/><\/a> <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>#1- The Dubai International Financial Center\u2019s AI Campus launched its own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaiaicampus.com\/license\" style=\"\" rel=\"noopener\">Dubai AI<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/dubaiaicampus.com\/license\" style=\"\" rel=\"noopener\">License<\/a><\/strong> on the sidelines of the Dubai AI & Web3 Festival, in a bid to attract more companies to the emirate, according to a DIFC <a target=\"_blank\" href=\"https:\/\/www.difc.ae\/whats-on\/news\/dubai-ai-and-web3-festival-attracts-6800-visitors-from-over-100-countries\" style=\"\" rel=\"noopener\">statement<\/a>. The 90% subsidized commercial license will offer holders cost benefits and growth opportunities. Companies can apply for the license <a target=\"_blank\" href=\"https:\/\/dubaiaicampus.com\/license\" style=\"\" rel=\"noopener\">here<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The campus also inaugurated an \u201cAI as a Service\u201d concept<\/strong> to support companies in assessing readiness for AI and identifying market windows during the event.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more to come: <\/strong>DIFC\u2019s Dubai AI Campus plans to secure USD 300 mn in investment and expand to 500 companies by 2028, up from 120 firms currently, the statement reads.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong> #2- <\/strong><strong>A UAE-base<\/strong><strong>d bank is negotiating a major stake in an Indian bank<\/strong>, potentially worth bns, UAE ambassador to India Abdulnasser Alshaali confirmed in an interview with CNBC TV18 (<a target=\"_blank\" href=\"https:\/\/www.cnbctv18.com\/economy\/exclusive-uae-bank-eyes-major-stake-in-indian-bank-in-a-billion-dollar-deal-says-envoy-19474117.htm\" style=\"\" rel=\"noopener\">watch runtime: 6:49<\/a>). Specific details are pending due to unresolved issues, but Alshaali is optimistic about resolution.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The ambassador could be talking about the Yes Bank acquisition:<\/strong> Emirates NBD is reportedly in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/0a44230e-5076-4ea8-a0c7-bf24675b79d3\/adq-mulls-acquisition-of-turkey%25e2%2580%2599s-odeabank-%2B-emirates-nbd-closer-to-acquiring-stake-in%253cmark%253e-yes-bank%253c%2Fmark%253e%3F#:~:text=%232%2D%20Emirates%20NBD%20closer%20to%20snagging%20a%20stake%20in%20Yes\" style=\"\" rel=\"noopener\">advanced talks<\/a> with the State Bank of India (SBI) to acquire its full 24% stake in Indian Yes Bank, a share holding valued at USD 2.2 bn. First Abu Dhabi Bank was also linked to talks with Yes Bank, but <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7204c50e-d3bd-43bd-a32d-281fa501e647\/this-morning:-us-lawmakers-call-for-probe-into-microsoft%25e2%2580%2599s-partnership-with-g42-%2B-fab-denies-plans-to-acquire-a-stake-in-yes%253cmark%253e-bank%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">denied the reports<\/a> earlier in July. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PSAs-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>#1- Abu Dhabi will require Emirati couples planning to get married to undergo genetic <\/strong><strong>testing as of 1 October <\/strong>to detect potential genetic disorders and compatibility as part of their premarital screening, the <a target=\"_blank\" href=\"https:\/\/www.mediaoffice.abudhabi\/en\/health\/department-of-health-abu-dhabi-integrates-genetic-testing-for-emiratis-as-key-component-for-premarital-screening-programme-in-the-emirate\/\" style=\"\" rel=\"noopener\">Abu Dhabi Media Office<\/a> said. The testing has been rolled out as part of a pilot phase, and is now available across 22 primary care centers in the emirate. Results will take two weeks to be out. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Dubai will get its own population registry <\/strong>on the Dubai Data and Statistics Establishment\u2019s digital platform, according to a <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/en\/news\/2024\/september\/11-09\/hamdan-bin-mohammed-issues-resolution-on-a-unified-dubai-population-registry\" style=\"\" rel=\"noopener\">Dubai Media Office<\/a> statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- All entities involved with the Energy and Infrastructure Ministry are now digitally <\/strong><strong>connected through a new project called Data Bridge<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/14452ka-ministry-energy-and-infrastructure-launches-data\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The initiative will allow the ministry and the entities it works with to exchange documents in real-time, and request data just once. The project plans to integrate with 50 government entities by 2025, improve customer satisfaction by ensuring data is requested only once to 90% by the end of 2025, and reduce required documents by half by the end of next year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DATA POINTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- AI could contribute USD 100 bn to the UAE\u2019s GDP by 2030<\/strong>, AstraTech and Botim Founder and CEO Abdallah Abu-Sheikh was quoted as saying by state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b54tasj-contribute-aed367-billion-uae%E2%80%99s-gdp-2030-astra\" style=\"\" rel=\"noopener\">Wam<\/a> on the sidelines of the Dubai AI and Web3 Festival. The country\u2019s AI market itself is on track to be valued at USD 50 bn by 2031, he added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- UAE banks poured some AED 680.2 bn in investments this year as of June<\/strong>, up 18.4% y-o-y from June 2023, according to the Central Bank of the UAE (CBUAE)\u2019s <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1024.pdf\" style=\"\" rel=\"noopener\">banking indicators report (pdf)<\/a>. National banks accounted for AED 631.6 bn of total investments, while foreign banks made up 48.6 bn, according to separate CBUAE <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1029.pdf\" style=\"\" rel=\"noopener\">data (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The UAE ranked 17th in the US News\u2019 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.usnews.com\/news\/best-countries\/united-arab-emirates#country-ranking-details\" style=\"\" rel=\"noopener\">Best Countries in the World index<\/a><\/strong> <strong> for 2024<\/strong><strong> out <\/strong><strong>of 87 countries<\/strong>, with an overall score of 79.1. The country topped the list in the Movers category \u2014 analyzing how different, distinctive, dynamic, and unique countries are \u2014 with a score of 100. It also performed well in agility (69.4) and entrepreneurship (66.4). The UAE scored 61.3 in open for business, 58.6 in cultural influence, and 52.2 in power. Quality of life was rated at 46.9. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The UAE achieved the highest labor force participation rate among G20 countries at <\/strong><strong>82%<\/strong>, with only 1% of workers classified as vulnerable, and a low unemployment rate of 2%, according to data from the Human Resources and Emiratization Ministry\u2019s <a target=\"_blank\" href=\"https:\/\/observatory.mohre.gov.ae\/en\/a-holistic-view-on-the-uae-labour-market\" style=\"\" rel=\"noopener\">Labour Market Observatory<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> HAPPENING TODAY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE is said to be taking part<\/strong><strong> in <\/strong><strong>the Beijing defense forum<\/strong>, which is on its second day and is set to wrap tomorrow, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/beijing-kicks-off-annual-defence-forum-amid-multiple-regional-disputes-2024-09-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reports. The forum will also see participation from Belarus, Vietnam, Singapore, Cambodia, Chile and the Maldives\u2019 defense ministers, as well as a deputy Russian defense minister and US deputy assistant secretary of defense for China, Taiwan and Mongolia, Michael Chase.<\/p>\n<p class=\"tag-border-left\"> HAPPENING NEXT WEEK- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.arabwaterforum.org\/\" style=\"\" rel=\"noopener\">Arab Water Forum<\/a><\/strong><strong> is coming to Abu Dhabi from 16-18 September at Adnec Center in <\/strong><strong>Abu Dhabi. <\/strong>The event will feature over 60 exhibitors from 24 countries, along with roundtables and speaker sessions, gathering water sector leaders to discuss solutions for clean water and sanitation, with an emphasis on innovation and improving water security. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Our friends at HSBC, together with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ukexportfinance.gov.uk\/\" style=\"\" rel=\"noopener\">UK Export Finance<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theebcc.com\/\" style=\"\" rel=\"noopener\">Egyptian-British Chamber<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.theebcc.com\/\" style=\"\" rel=\"noopener\">of Commerce<\/a><\/strong><strong>, are hosting the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.the-ta.com\/upcoming-events\/egypt-uk-investment-forum-16th-sept-in-london-uk\/\" style=\"\" rel=\"noopener\">Egypt-UK Investment and Opportunities Forum<\/a><\/strong> in London on Monday, 16 September. The conference will showcase investment opportunities in Egypt across different sectors \u2014 including renewable energy, water, automotive, food processing, IT, and AI \u2014 to potential investors from the UK. It will also facilitate matchmaking between institutions of both countries, bringing together government representatives, business leaders, and senior executives.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.worldutilitiescongress.com\/\" style=\"\" rel=\"noopener\">World Utilities Congress<\/a><\/strong><strong> will take place from Monday, 16 September to <\/strong><strong>Wednesday, 18 September in Abu Dhabi.<\/strong> The event will gather global energy leaders, policymakers, and other industry professionals from the power and water utilities value chain to discuss industry trends and challenges.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- The Dubai Financial Services Authority and the Hong Kong Monetary Authority will be <\/strong><strong>hosting their first <\/strong><strong><a target=\"_blank\" href=\"https:\/\/hkma-dfsa-climatefinanceconference.hkma.gov.hk\/detail\" style=\"\" rel=\"noopener\">climate finance conference<\/a><\/strong> in Hong Kong, where they will discuss opportunities and challenges in the transition finance space. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/itsworldcongress.com\/\" style=\"\" rel=\"noopener\">Intelligent Transport Systems World Congress 2024<\/a><\/strong><strong> will take place from Monday, <\/strong><strong>16 September to Friday, 20 September <\/strong>in Dubai. The Congress is expected to welcome 20k participants to explore innovations in smart mobility and transportation technology.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/aioilandgas.energyconferencenetwork.com\/MiddleEast24\" style=\"\" rel=\"noopener\">AI in Oil and Gas Midle East conference<\/a><\/strong><strong> will take place in<\/strong><strong> Abu Dhabi <\/strong><strong>on Tuesday and Wednesday<\/strong>, with a focus on AI in exploration and production, supply chains, data analytics, and more. The event will feature speakers and AI experts from across the region\u2019s oil firms. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#7- The <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sharjahinvestmentforum.ae\/\" style=\"\" rel=\"noopener\">Sharjah Investment Forum<\/a><\/strong><strong> will kick off on Wednesday and run until Thursday <\/strong>at the Jawaher Reception and Convention Centre in Sharjah. Discussions will span across investments in emerging markets and in the UAE, smart cities and economies, and more.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#8- Forbes\u2019 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/forbesmiddleeastevents.com\/healthcare-summit-2024\/\" style=\"\" rel=\"noopener\">Healthcare Leaders Summit 2024<\/a><\/strong><strong> will take place on Thursday and Friday<\/strong> at the St. Regis Saadiyat Island Resort, Abu Dhabi. The event gathers healthcare leaders from across the region to discuss innovation in healthcare and sustainability in the industry. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a lot to digest in the foreign press today<\/strong>, with plenty happening in US and foreign politics alongside a couple of notable updates on the business front. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Former US President Donald Trump has sworn off of debates against his Democratic rival Kamala Harris<\/strong>, writing on his social media platform Truth Social that \u201cthere will be no third debate,\u201d just a few days after his debate with Harris swayed public opinion against him. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-says-he-will-not-participate-another-debate-with-kamala-harris-2024-09-12\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/09\/12\/politics\/donald-trump-no-third-debate\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.france24.com\/en\/americas\/20240912-trump-rules-out-a-second-debate-against-kamala-harris\" style=\"\" rel=\"noopener\">France24<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Case in point:<\/strong> Harris is currently leading by five percentage points in a <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/harris-builds-lead-over-trump-voters-see-her-debate-winner-reutersipsos-poll-2024-09-12\/\" style=\"\" rel=\"noopener\">Reuters poll<\/a>, receiving 47% of votes against Trump\u2019s 42%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER TRUMP NEWS- The presidential hopeful is planning to launch a digital assets project <\/strong>as he \u201c[embraces] the future with crypto and [leaves] the slow and outdated big banks behind,\u201d he said in a <a target=\"_blank\" href=\"https:\/\/x.com\/realDonaldTrump\/status\/1834311432982135015?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\" style=\"\" rel=\"noopener\">video on X<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Russian President Vladimir Putin is threatening war against the West <\/strong>as the US and UK plan to discuss today allowing Kyiv to target Russia with deep strikes with the help of Western-supplied cruise missiles. \u201cThis will mean that NATO countries, the United States, and European countries are fighting Russia,\u201d he said. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/91cc658c-8a64-4739-a3ad-2a8e482bf94f\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.politico.eu\/article\/russia-vladimir-putin-war-in-ukraine-missile-strike-deal-britain-keir-starmer-united-states-joe-biden-white-house-summit-nato-iran-diplomacy\/\" style=\"\" rel=\"noopener\">Politico<\/a>) <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN BUSINESS NEWS- Speculations over the US Federal Reserve\u2019s moves next week continue<\/strong>, with the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/bcff6242-2442-4369-8c15-8524c6bea60f\" style=\"\" rel=\"noopener\">FT<\/a> and <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/economy\/central-banking\/fed-interest-rate-cut-size-861c9600?mod=economy_lead_story\" style=\"\" rel=\"noopener\">WSJ<\/a> weighing the options of a half-point or a quarter-point rate cut. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- Are we getting closer to a reckoning with AI?<\/strong> OpenAI says it has launched a preview of a product \u2014 known as o1 \u2014 that is \u201ccapable of reasoning\u201d and can solve complex math and coding problems \u2014 the first in a planned series. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The caveat: <\/strong>The model is expensive \u2014 the o1 preview is USD 15 for every mn input tokens, equivalent to a chunk of text, and USD 60 for 1 mn output tokens. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who can access it?<\/strong> ChatGPT Plus and Team users now have access to the preview and its cheaper, \u201cmini\u201d version starting today, while Enterprise and Edu users get access early next week.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>You\u2019re reading EnterpriseAM UAE<\/strong>, your essential daily roundup of business, economics, and must-read news about the UAE, delivered straight to your inbox. We\u2019re out Monday through Friday by 7am UAE time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM UAE is available without charge <\/strong>thanks to the generous support of our friends at Mashreq.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email?<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of EnterpriseAM UAE. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea, request coverage, ask for a correction, or otherwise get in touch? <\/strong>Reach out to us on  <a target=\"_blank\" href=\"mailto:UAE@enterpriseAM.com\" style=\"\" rel=\"noopener\">UAE@enterpriseAM.com<\/a> .<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW that we also cover <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a><\/strong><strong>,<\/strong> and the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\" style=\"\" rel=\"noopener\">climate<\/a> and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics<\/a> industries?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plus: UAE official set to participate in Beijing defense forum<\/p>\n","protected":false},"author":1,"featured_media":95767,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1543],"tags":[1340,794,7,6],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-ai","tag-dubai-international-financial-center","tag-enterpriseam-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"490a557f-2d9a-4aa0-a027-2d39658f0786","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/3\/1342.jpg","photo_position":"above","homepage_title":"","full_issue_title":"THIS MORNING: DIFC launches AI license + OpenAI releases AI model that can \u201creason\u201d","related_issue":[95764],"teaser":"Plus: UAE official set to participate in Beijing defense forum","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.0fb77585-fd31-4147-a39c-b93f727ead41.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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