Enhancing Collaboration in Advanced Technology: A Conversation with Elon Musk on AI and Innovation.

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Elon Musk is an innovator and entrepreneur whose focus is the development of cutting edge technology and particularly Application Intelligence (AI). Today's discussion revolved around understanding the dynamics of change in artificial intelligence with ways of improving teamwork in that field. Musk is also known for coming up with some mega ideas and even more mega strategies so it was not surprising that the call for global cooperation in use of AI was made to avoid disorganized competition of nations and industries that would ultimately waste a lot of resources and fail to solve the key issues of the 21st century. That vision which is his echoes with the increasing understanding that in order to tap the capabilities of AI, proactive implementation of these capabilities is of collective, rather than individual, nature. A focal point of the discussion was the ethics of AI and its development. As Musk pointed out, AI is more than a device, it is a way of thinking that will change bu
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UAE committed to combatting Money-laundering

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The Central Bank of UAE have established a special unit to handle the suspicious transactions and investigate the fraudulents in 1998. Later on 2002 the unit was officially named as Anti Money Laundering and Suspicious Cases Unit. Which undergoes preventing the transactions in Central Bank.In 2018, UAE issued Federal Decree No. 20, that focused on Anti money laundering and countering the financing of Terrorism. In 2020, Central Bank of UAE established a dedicated department to handle all anti-money laundering matters and to combat the financing of terrorism (AML/CFT).The UAE's Financial Intelligence Unit (FIU) has launched the 'goAML' anti-money laundering platform, developed by UNODC, to combat organized crimes and prevent money laundering.From the recent 21st meeting of higher committee, the UAE Ministry of Foreign Affairs HH Sheikh Abdullah stressed the seriousness of the UAE in its responsibility to protect the global financial system and the UAE has a comprehensive National AML and CTF Strategy for the period 2024-2027.Through the efforts, the UAE continuous to maintain safeguarding its financial system, enhance international cooperation and partnerships.

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