MBZUAI President Eric Xing announced plans to expand the university's programs and strengthen its position as a global leader in technology and AI. Xing stated his ambition for MBZUAI to become the "Stanford of the Middle East", driving innovation and economic growth in the region. In 2024, MBZUAI launched new departments, released numerous research papers, and formed industry partnerships, growing to 84 faculty and 365 students. Why it matters: This vision signals a strong commitment to developing a regional hub for AI research and development, potentially attracting talent and investment to the UAE.
A Deloitte report in collaboration with MBZUAI surveyed 150+ business leaders in UAE, KSA, and Qatar, finding that 69% of organizations plan to increase AI investments in the next year. However, over 80% of organizations feel pressured to adopt AI, with almost half lacking the necessary talent and technology for successful scaling. The report highlights a disconnect between the desire to deploy AI and the actual readiness of organizations in terms of talent, strategic planning, and infrastructure. Why it matters: This study underscores the urgent need for Middle Eastern organizations to address talent gaps and strategic planning to effectively leverage AI investments and achieve desired outcomes.