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Bank's AI Start-Up Guide Tops Dubai's Future Council, but Winners Are Still Proposals

Commercial Bank of Dubai's D100 platform for newly licensed founders won, ahead of Space Centre and Dubai Courts entries; WAM reported no funding, timelines or commitment to build them.

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Winning teams from the second edition of Dubai's Future Council presented AI and space-data projects.
Winning teams from the second edition of Dubai's Future Council presented AI and space-data projects.Photo: وكالة أنباء الإمارات / Handout

Commercial Bank of Dubai's D100 team won the second edition of the Future Council with a proposed AI platform to guide entrepreneurs through their first 100 days after receiving a trade licence, the Emirates News Agency (WAM) reported on Saturday. Teams from the Mohammed Bin Rashid Space Centre and Dubai Courts placed second and third in the programme, which is run by the Mohammed Bin Rashid Establishment for SME Development, part of Dubai's Department of Economy and Tourism. Details were first published by wam.ae.

All three winning projects use AI or space data to tackle challenges facing business, government and the community. Team members said the programme brings together people with different expertise and specialisms to develop solutions that can be put into practice.

The D100 team told WAM the idea came from a challenge set by the bank over start-ups that stall and close their bank accounts because founders struggle to keep up with procedures and manage their money. The proposed platform would analyse a business's revenue, expenses, cash flow and burn rate to flag risks early, and send daily alerts on government, banking and tax procedures, deadlines and requirements.

The Space Centre's Polaris team came second with a project to turn the centre's satellite data into information tailored to the needs of individual government bodies and private companies, so that each can use it in its own decisions.

Dubai Courts' Azwa team placed third with a planned platform to help people of determination and senior citizens use government services on their own. Team member Eng. Amal Ibrahim Al Marzouqi said the first phase focuses on Dubai Courts services, with plans to extend it to other government bodies later. She said the platform would include four initiatives: an AI lawyer, an AI adviser, a translator that turns local languages and dialects into text in other languages, and a service that converts sign language into Arabic text.

The projects remain proposals. WAM did not report funding, timelines or whether the sponsoring organisations have committed to build them.

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