An artificial intelligence (AI)-enhanced observer has been appointed to the board of directors in Abu Dhabi’s International Holding Company (IHC). This is a ground-breaking step for the $239 billion conglomerates towards incorporating AI into corporate governance and decision-making procedure.
This virtual entity, known as ‘Aiden Insight’, will sit on the IHC board as an observer. The program intends to transform the company’s approach to navigating the intricacies of the global investment landscape by utilising AI capabilities from Group 42 and Microsoft. This will enable human board members in making better informed strategic business and investment decisions.
The officials familiar with the matter said, “Aiden is built to continuously process and instantly analyze decades of business data, financial information, market trends, and global economic indicators.”
Aiden will provide unmatched data analysis and strategic insights, ensuring IHC maintains a leading position in industry developments and continues to provide value to stakeholders, according to Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi, UAE’s National Security Adviser, and Chairman of IHC.
According to Gulf Business, Aiden will attend IHC board meetings in the role of a non-voting observer, providing real-time insights to influence conversations and direct decisions.
The UAE conglomerate believes that having this creative board member will have a number of benefits, such as enhancing data analysis to improve decision-making, encouraging creativity within the organization, and aiding in effective resource and risk management. This action demonstrates Abu Dhabi’s dedication to artificial intelligence and is consistent with the country’s goal of being a global leader in the testing and regulation of AI. A major participant in the UAE’s AI initiatives, G42 is a division of Sheikh Tahnoon bin Zayed Al Nahyan’s commercial empire. In October, the two companies partnered to provide cutting-edge AI solutions.
