UAE’s Largest Company IHC Appoints AI Bot to Board
Abu Dhabi’s IHC has appointed an artificial intelligence (AI)-enhanced bot to its board of directors as a non-voting observer to improve decision-making, foster innovative ideas, and increase the effi
Artificial Intelligence (AI) is slowly but steadily sneaking into the human landscape and taking over our responsibilities and tasks. In the most recent scenario, Abu Dhabi’s International Holding Company (IHC) has appointed an artificial intelligence (AI)-enhanced bot to its board of directors. The AI virtual bot is named ‘Aiden Insight’ and will assume the role of an observer on the IHC board. Its sophisticated AI technology & capabilities have been harnessed from Group 42 and Microsoft. It cost them a whopping $239 billion (12 lakh crores). ‘Aiden’ is designed to continuously process and instantly analyze decades of business data, financial information, market trends, and global economic indicators. Aiden will participate in IHC board meetings as a non-voting observer & will offer real-time insights to shape discussions and guide decisions. IHC anticipates that this innovative board position will bring various advantages, including improving decision-making through enhanced data analysis, fostering an innovative culture, and contributing to efficient resource and risk management. With the appointment of ‘Aiden’, IHC aims to revolutionize its approach in navigating global investment and to support the human board members in making more informed strategic business and investment decisions. The deputy Ruler of Abu Dhabi and UAE’s National Security Adviser, and Chairman of IHC - Sheikh Tahnoun bin Zayed Al Nahyan said that ‘Aiden’ will deliver unparalleled data analysis and strategic insights. This will further ensure that IHC maintains a leading position in industry developments and continues to provide value to stakeholders.
