Khaldoon Al Mubarak on UAE's AI Leadership, Long-Term Investment, and Future Opportunities

Mubadala's Long-Term Investment Philosophy

• 💡 Mubadala is a sovereign fund owned by the government of Abu Dhabi, with nearly 20 years of history and over $380 billion in assets under management.
• ⏳ Unlike typical funds, Mubadala is judged on performance over three to ten years, allowing for a different, more patient investment lens compared to quarter-to-quarter pressures.
• 🚀 The current investment landscape is described as much harder than a decade ago, with technology, particularly AI, revolutionizing everything.

UAE's Leadership in AI Adoption

• 🏆 The UAE is recognized as the world leader in AI adoption, with 64% of its population using AI, significantly higher than other nations.
• 🇦🇪 This widespread embrace is attributed to AI enablement starting from the government, extending to the business community, and consequently permeating society.
• 📱 A key example is the TAMM app, an AI agent providing over 1,100 government services, enabling citizens to manage everything from traffic fines to healthcare profiles efficiently.
• 🤝 The app's success is rooted in a feedback loop and a commitment to adapting technology to people's needs, exemplified by a 92-year-old citizen proficiently using the app.

Historical Reinvention and Future Transitions

• 📉 The UAE's economy has a history of reinvention, moving from the pearl trade to oil and gas, and now focusing on diversification.
• ⚡ Learning from past disruptions, the UAE is embracing renewables (solar, wind, nuclear) and sees AI as the next major transition, fueled by energy.
• 💡 The strategy is to leverage strengths in energy production to invest in AI, intelligence, and tokenization, viewing this as the next