The UAE’s AI minister on Wednesday urged countries to come to a consensus on AI governance sooner than it came to the Paris Agreement, which took years to take shape and come into force.

His Excellency Omar Al Olama, UAE Minister of State for Artificial Intelligence, Digital Economy & Remote Work Applications, said at the Dubai Assembly for Generative AI that countries need a fresh approach to governing AI.

“I think the current global discussion on AI governance is a non-starter. Instead of attempting to govern the technology, we can govern the use cases,” he said.

During the assembly – which witnessed over 2000 attendees coming big tech companies and consultancies such as Microsoft, Deloitte, PwC, IBM – Dubai Future Foundation launched the Dubai Generative AI Alliance, a new alliance of tech companies to help Dubai accelerate the adoption of emerging technologies and build one of the world’s most advanced and effective tech-enabled governments.

Khalfan Belhoul, CEO of DFF, called on companies and innovators to join the alliance, which will focus on developing innovative technology pilots by leveraging AI, the metaverse and Web3. 

The Dubai government also launched ‘Dubai AI’, a generative AI-powered digital city concierge. The city-wide digital platform will offer comprehensive information and services, covering health, business, and education, to residents and visitors. It will transform government services, the assembly heard.

The assembly also heard how the global banking sector could benefit by as much as USD 400 billion from the boom in generative AI.

The global platform heard from experts from international tech corporations and consultancies. PwC said automation in the workplace is imminent, with generative AI likely to be able to execute everyday tasks, such as booking flights and generating reports autonomously, on a large scale within the next 18-20 months.

Deloitte's leading digital expert said nuclear fusion, climate action and drug discovery will be some of the main beneficiaries of generative AI, while the industrial and pharmaceutical sectors are among those quickest to adapt to the emerging technology.

Adel Al Redha, Emirates’ Chief Operating Officer, said by November, the airline will “empower cabin crew to leverage [generative AI] through delivering training on complex models”.