Latest news with #DubaiAIRetreat
Trade Arabia
22-04-2025
- Business
- Trade Arabia
Huspy launches GCC's first AI-powered mortgage chatbot
Huspy, the UAE's leading homebuying technology platform headquartered in Dubai, has launched the GCC's first AI-powered mortgage chatbot on WhatsApp at the Dubai AI Retreat, as part of Dubai AI Week 2025. Huspy's AI-powered chatbot was unveiled by Founder & CEO, Jad Antoun, in the presence of UAE government leaders and business executives. Huspy provides users with access to interest rate usage, real-time mortgage comparisons from a wide network of UAE banks, tailored eligibility assessments, and clear guidance on required documentation. By introducing essential transparency at the outset of the mortgage journey, Huspy enables homebuyers and investors to make well-informed decisions with greater efficiency and cost. "At Huspy we are on a mission to radically transform the home buying journey, simplifying every step for the users with technology and innovation. Our AI chatbot is built for prospective UAE society wherever they are in the world," said its Founder & CEO Jad Antoun. "This is more than just a technological milestone - it is a step toward a fully digital and frictionless home financing experience, in line with the UAE's vision for AI and innovation. The UAE's real estate sector continues to experience high demand, and now with AI, we are excited to power the future of home mortgages," he stated. According to him, underscores the company's commitment to pioneer homegrown technology solutions to transform two of the most important economic sectors - real estate and financing. The UAE's AI market is expected to grow from approximately $3.47 billion in 2023-24 to $46.3 billion by 2030, and will contribute 14% of the GDP. The launch comes at a time of significant expansion in the UAE's real estate market, following record highs in 2024 when the UAE saw home sales exceed $243 billion in transactions, with mortgages growing to over $62 billion.
Zawya
22-04-2025
- Business
- Zawya
Huspy launches the GCC's first AI-powered mortgage chatbot to transform home financing, Huspy.Ai
Dubai, UAE – Huspy ( the UAE's leading homebuying technology platform headquartered in Dubai, has launched the GCC's first AI-powered mortgage chatbot on WhatsApp at the Dubai AI Retreat, as part of Dubai AI Week 2025. Huspy's AI-powered chatbot was unveiled by Founder & CEO, Jad Antoun, in the presence of UAE government leaders and business executives. Huspy provides users with access to interest rate usage, real-time mortgage comparisons from a wide network of UAE banks, tailored eligibility assessments, and clear guidance on required documentation. By introducing essential transparency at the outset of the mortgage journey, Huspy enables homebuyers and investors to make well-informed decisions with greater efficiency and cost. 'At Huspy we are on a mission to radically transform the home buying journey, simplifying every step for the users with technology and innovation. Our AI chatbot is built for prospective UAE society wherever they are in the world. This is more than just a technological milestone—it is a step toward a fully digital and frictionless home financing experience, in line with the UAE's vision for AI and innovation. The UAE's real estate sector continues to experience high demand, and now with AI, we are excited to power the future of home mortgages,' said Jad Antoun, Founder & CEO, Huspy. underscores the company's commitment to pioneer homegrown technology solutions to transform two of the most important economic sectors - real estate and financing. The UAE's AI market is expected to grow from approximately US$3.47 billion in 2023–2024 to US$46.33 billion by 2030, and will contribute 14% of the GDP. The launch comes at a time of significant expansion in the UAE's real estate market, following record highs in 2024 when the UAE saw home sales exceed $243 billion in transactions, with mortgages growing to over $62 billion. As the UAE's largest mortgage provider, processing 25% of home financing in Dubai, Huspy's AI products mark a transformative step forward, setting a new standard for the future of property transactions by enhancing speed, precision, and customer experience across the home buying journey.
Mid East Info
21-04-2025
- Automotive
- Mid East Info
Dubai AI Retreat Showcases Bold Global Visions for AI-Powered Innovation
At Dubai AI Week, Sony AI Shows how it has become an AI-first company after launching its superhuman racing AI agent. Google's research head tells AI leaders about the 'magic cycle of research' as he heralds a 'global age of research'. Dubai— A senior executive from Sony has revealed how the company launched a global AI talent recruitment drive to develop Gran Turismo Sophy—a superhuman racing AI agent that mastered the PlayStation game Gran Turismo Sport. Speaking at the Dubai AI Retreat in a session titled 'Why Innovation Starts with Mindset, Not Tech', Michael Spranger, President of Sony AI Inc, highlighted what it takes at the organisational level to achieve breakthroughs like Gran Turismo Sophy. 'When I think about transformation,' he said, 'it is really about building the infrastructure, platform, and data to enable innovation—not just for six months, but for the next five to ten years.' Spranger explained that while developing GT Sophy, Sony built an entire computational system to train agents across any PlayStation game. 'The people who developed it did not exist before. We had to go out and hire the best talent. We even overhauled Sony's entire HR and compensation policies to drive this transformation. All of this was part of making Sony an AI-first company.' He added: 'My theory of change is leading by example—driving internal momentum through landmark breakthroughs and building confidence across the company. It is a journey worth taking.' The Global Age of Research In another session titled 'Accelerating AI Innovation for Global Impact', Yossi Matias, Vice President and Head of Google Research, discussed AI's potential to solve some of the world's most pressing societal challenges. 'The opportunities ahead are immense,' he said. 'It is about advancing research, innovation, and technology, especially by opening it up to partnerships.' He introduced the concept of a 'magic cycle of research', a dynamic interplay between technological progress and real-world impact. 'We are now in a time where this cycle moves faster than ever before. What used to take years as a PhD now takes months—and the scale is only growing. I would say we have entered a true global age of research.' High-Level Roundtables on AI Enablers The Dubai AI Retreat also hosted a series of strategic roundtables. Under the theme ' Economy & Investment', the first roundtable explored how AI can enhance Dubai's economic competitiveness and attract foreign direct investment (FDI). Participants discussed strategies to boost productivity, foster AI entrepreneurship, and position Dubai as a global AI innovation hub, including ambitions to create 10 AI unicorns by 2030 across sectors such as logistics, fintech, and green energy. They also examined policy tools like tax incentives and agile regulations to support AI-driven FDI. 'Data & Governance' roundtable addressed the future of ethical AI governance, adaptive regulation, and secure data ecosystems. Discussions included cross-border data sharing, incentivising private sector collaboration, and anticipating regulatory challenges over the next decade. Held under the theme 'Infrastructure', the third roundtable highlighting Dubai's approach to sustainable AI, including investments in eco-friendly data centres, the rise of edge computing, and the infrastructure needed to meet growing computational demands. Finally, the 'Talent Development' roundtable focused on building a world-class, inclusive AI workforce while preserving cultural identity. Topics included global talent attraction, lifelong learning, and leveraging AI to promote Arabic language and cultural heritage. The AI Retreat is held on 21 April 2025 at the Museum of the Future as part of Dubai AI Week. The week-long event is organised by the Dubai Centre for Artificial Intelligence (DCAI), an initiative of Dubai Future Foundation (DFF), and held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. Dubai AI Week brings global experts, entrepreneurs, regulators, policymakers, investors, and major technology companies, to showcase Dubai's vision for the future of AI, harnessing its transformative potential in line with the Dubai Universal Blueprint for Artificial Intelligence. It seeks to empower organisations and individuals to explore the capabilities of AI across various sectors.
Mid East Info
21-04-2025
- Business
- Mid East Info
‘UAE's AI Ethos is Acceleration' – HE Omar Al Olama Opens Dubai AI Retreat - Middle East Business News and Information
The UAE is laser-focused on accelerating the development and adoption of artificial intelligence (AI) over the next decade, rather than getting caught in the debate of regulation versus innovation, His Excellency Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, said today. Delivering the opening keynote at the Dubai AI Retreat, titled 'The Next 5-10 Years – A Force Multiplier of a Nation's Potential', His Excellency told a room of AI experts and leaders about the UAE's ethos on AI. The AI Retreat takes place on Monday at the Museum of the Future as part of Dubai AI Week. The retreat witnessed the participation of over 150 government officials and global experts, and included four closed roundtable discussions focused on data and governance, digital infrastructure, economy and investment, and talent development. Participants discussed key relevant policies and legislation, explored the opportunities provided by AI applications, and outlined strategies to amplify their positive developmental impact across vital sectors. 'Every single conversation about AI that takes place across the world today talks about two paradigms: innovation and regulation … There is another paradigm that most people don't talk about, but that we in the UAE have adopted as our ethos when it comes to pushing this technology forward. And that is: acceleration.' He continued: 'We believe that we should not compromise regulation for the sake of innovation, but we should focus on accelerating the use of this technology in the best way possible.' HE Al Olama also described how AI can best be deployed to improve lives. 'This is the AI that we want in the UAE, and that is the AI that we think is done right; It is AI that is frictionless,' Al Olma noted. HE also said the most successful businesses in the UAE were those that embrace emerging technologies: 'Every single unicorn that has come out of the UAE is an AI-first company. And every single company that is going to be launched in this country going forward needs to be an AI-first company. Held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai AI Week runs from 21 to 25 April 2025, and is expected to attract renowned global experts, policymakers, innovators, and industry leaders representing the world's leading organisations and companies specialising in AI. Key events of the week include the AI Retreat, Dubai Assembly for AI, Global Prompt Engineering Championship, Dubai AI Festival, Machines Can See summit, AI Week in Schools, 8th edition of the International Conference on Education Quality, HIMSS Executive Summit Dubai, and Hackathon: Agentic AI.
Al Etihad
21-04-2025
- Business
- Al Etihad
AI Retreat opens in Dubai
21 Apr 2025 20:18 DUBAI (WAM)Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, a member of the Board of Trustees of Dubai Future Foundation and Deputy Managing Director of the Foundation, said today the UAE has turned AI opportunities into reality and proactively empowered industries with all the elements that allow them to accelerate the adoption of AI and its applications in various was speaking at the opening ceremony of the AI Retreat, which was attended by 150 government officials and experts as part of the Dubai Artificial Intelligence Week, held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE and Chairman of the Board of Trustees of Dubai Future Foundation, and witnessed the participation of more than 10,000 experts, decision makers, innovators, AI pioneers, and officials from more than 100 countries around the the opening keynote at the Dubai AI Retreat, titled 'The Next 5-10 Years - A Force Multiplier of a Nation's Potential', he told a room of AI experts and leaders about the UAE's ethos on AI Retreat is taking place at the Museum of the Future as part of Dubai AI Week. The retreat witnessed the participation of over 150 government officials and global experts, and included four closed roundtable discussions focused on data and governance, digital infrastructure, economy and investment, and talent discussed key relevant policies and legislation, explored the opportunities provided by AI applications, and outlined strategies to amplify their positive developmental impact across vital sectors.'Every single conversation about AI that takes place across the world today talks about two paradigms: innovation and regulation … There is another paradigm that most people don't talk about, but that we in the UAE have adopted as our ethos when it comes to pushing this technology forward. And that is: acceleration.'He continued, 'We believe that we should not compromise regulation for the sake of innovation, but we should focus on accelerating the use of this technology in the best way possible.'Al Olama also described how AI can best be deployed to improve lives. 'This is the AI that we want in the UAE, and that is the AI that we think is done is AI that is frictionless,' Al Olma also said the most successful businesses in the UAE were those that embrace emerging technologies, adding, 'Every single unicorn that has come out of the UAE is an AI-first company. And every single company that is going to be launched in this country going forward needs to be an AI-first company." Key events of the week include the AI Retreat, Dubai Assembly for AI, Global Prompt Engineering Championship, Dubai AI Festival, Machines Can See summit, AI Week in Schools, 8th edition of the International Conference on Education Quality, HIMSS Executive Summit Dubai, and Hackathon: Agentic AI.
