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85% in UAE use AI to shop: Visa study - وكالة وام

WAM ·

A study conducted by Visa revealed that 85% of consumers in the UAE are utilizing artificial intelligence in their shopping activities. This high adoption rate indicates a significant integration of AI into daily consumer habits within the Emirates. The study likely explores various applications of AI in e-commerce, such as personalized recommendations, virtual assistants, or fraud detection. Why it matters: This data highlights the UAE's rapid embrace of emerging technologies in the consumer sector and its potential to drive further innovation in retail and payment industries.

Merchants in innovation

KAUST ·

KAUST hosted the KAUST Research Conference: Advances in Well Construction with Focus on Near-Wellbore Physics and Chemistry from November 7 to 9. The conference was co-chaired by Eric van Oort, a professor at UT Austin, and Tadeusz Patzek, director of the University’s Upstream Petroleum Engineering Research Center. Attendees included professors from the University of Queensland and UT Austin, and directors from GenesisRTS and Labyrinth Consulting Services, Inc. Why it matters: The conference facilitates international collaboration on advancements in petroleum engineering and well construction technologies, which are strategically important for Saudi Arabia.