Emaar’s founder has called for increased AI investment in the education sector, calling the technology “more important than water.”
Mohamed Alabbar, speaking at the Global AI Summit in Riyadh on September 14, said his multinational real estate development company’s biggest challenge is developing “human talent.”
Calling AI the greatest achievement in human life, Alabbar said: “AI is more important than electricity; it is more important than water. It is bringing transparency and taking human capability to a different level.”
He also said: “If we can really deploy AI to enhance governments’ efforts to improve education level, it will save the world.”
However, according to Alabbar, the most difficult challenge right now is motivating, training, and encouraging senior management to use AI.
Alabbar revealed that his companies are now utilizing AI, and that it has assisted them in making their operations smarter and more efficient.
Concerning the real estate sector, the developer of the Burj Khalifa stated that they are currently in discussions with engineers about how AI can design their buildings.
“Where it will take us a year and a half to finalize a building design, with AI it could take 30 days,” he said.
Alabbar, the founder of the e-commerce platform “noon.com”, in which the Saudi Public Investment Fund has a stake, stated that his company is deploying artificial intelligence in the Kingdom.
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