IHC Abu Dhabi Appoints First AI-Powered Board Member In The GCC

Abu Dhabi’s International Holding Company (IHC) has appointed an artificial intelligence (AI)-enhanced observer to its board of directors, marking a groundbreaking move for the $239B (AED 876B) conglomerate in integrating AI into corporate governance and decision-making.

Termed “Aiden Insight,” this virtual entity will assume an observer role on the IHC board. With the AI capabilities harnessed from Group 42 and Microsoft, the initiative aims to revolutionise the company’s approach to navigating the complexities of the global investment landscape, supporting human board members in making more informed strategic business and investment decisions.

Aiden is designed to “continuously process and instantly analyse decades of business data, financial information, market trends, and global economic indicators,” as outlined in a bourse filing by IHC.

Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and UAE’s National Security Adviser, and Chairman of IHC, highlighted that Aiden will deliver unparalleled data analysis and strategic insights, ensuring IHC maintains a leading position in industry developments and continues to provide value to stakeholders.