Over 70% of DIFC firms adopt AI as Emirates NBD devotes half of tech budget to AI

[WAM] Artificial intelligence adoption is accelerating across the UAE's financial sector, with more than 70% of firms in the Dubai International Financial Centre (DIFC) using AI, according to WAM. Emirates NBD has allocated around 50% of its technology budget to AI initiatives, the report said. Mark Steward, Chief Executive of the DIFC, commented on the development.