Artificial Intelligence Current Affairs - 2019

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UAE to establish 1st graduate-level, research-based AI university in world

United Arab Emirates (UAE) has announced the establishment of first graduate-level, research-based Artificial Intelligence (AI) university in the world. The university is named as Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) after Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of UAE Armed Forces. He has for long advocated for UAE’s development of human capital via knowledge and scientific thinking to take the nation into future. The university campus will be in Masdar City.

About Mohamed bin Zayed University of Artificial Intelligence

MBZUAI will introduce a new model of academia and research to the field of AI, providing students and faculty access to some of world’s most advanced AI systems so as to unleash its potential for economic and societal development.

The university will enable graduate students, businesses and governments to advance AI field.

MBZUAI aligns with UAE’s leadership vision that is based on sustainable development, progress and overall well-being of humanity. It is underpinned by capacity-building and active participation in finding practical solutions based on innovation and state-of-the-art technology.

The University will work with leading local as well as global companies to secure internships, and will also assist students in finding employment opportunities. It is being touted as an open invitation from Abu Dhabi to world to unleash full potential of AI.

Admission: Graduate students can now apply to MBZUAI via University’s website with registration scheduled to open in August 2020. First bacth of graduate students will commence coursework at MBZUAI’s Masdar City campus in September 2020.

MBZUAI will provide all admitted students with a full scholarship, in addition to benefits like health insurance, monthly allowance and accommodation.

Technology Summit, 2019

The 25th Technology Summit is a bilateral platform that provides opportunities to industries, government agencies and institutes from India and other countries to interact with each other. In 2017, Canada participated in the Summit and in 2018 it was Italy. This year Netherlands has been invited. The summit acts as a forum to forge partnerships, explore new avenues and to create joint ventures to explore new avenues of collaborations to boost trade and investment. The summit is to be held in New Delhi between 15 and 16 October, 2019. It is being organised by Ministry of Science and Technology.

Next year, India has planned to take the summit globally. It intends to invite participants from different countries.

Theme: Young entrepreneurship

The 2019 India – Netherlands technology summit is being organized by DST and CII, DST-Department of Science and Technology and CII-Confederation of India Industry.

Objectives

  • To profile the Netherlands–India technologies
  • Showcase opportunities for Netherlands and India on technology and scientific research across key areas, especially in the fields of water, agriculture and Health
  • To increase the visibility of Dutch and Indian entrepreneurial ecosystem.
  • To highlight the cooperation between India and Netherlands.

Significance in choosing Netherlands

The bilateral research cooperation between India and Netherlands in fields like Internet of Things, medical devices, big data, urban water system would be enhanced through the summit. There are great scopes for closer partnership between the countries to leverage emerging digital technologies.

Investment

According to the Ministry of External Affairs, there are over 200 Indian companies operating in Netherlands. It is the third largest investor in India in 2017 – 18 with investments valued at 2.67 billion USD. The top 5 sectors that are attracting FDI equity flows from Netherlands include computer, hardware, software, automobile industry, trading and fermentation industries.

Trade

The bilateral trade between India and Netherlands between April 2017 and March 2018 was around 6.28 billion USD. Netherlands is the fourth largest trading partner of India after EU, UK, Germany and Belgium.

Indian Diaspora

There are around 2,35,000 Indian living in Netherlands. Of which, 2 lakh are Suriname-Hindustani community that are well integrated to the Dutch society. Apart from this there are 3,000 Indian students pursuing their masters, bachelors and research courses in various universities in Netherlands.

Outcomes of the summit

  • The Indian and the Netherlands governments are to sign MoUs based on the summit and the requirements identified by it.
  • New public-private partnerships between India and Netherlands
  • New opportunities for fast tracked market entry for existing Dutch and Indian stakeholders.
  • Solutions for societal challenges
  • Deepening the ties between India and Netherlands in multiple verticals of knowledge.