Skip to content

Day 3 Insights from Expand North Star: AI Regulations, Startup Realities, Asian Tech Growth

Source: Expand North Star

Dubai, United Arab Emirates - The third day, organized by the Dubai Chamber of Digital Commerce and the Dubai World Trade Center, was dedicated to a trio of topics: 

AI Governance: A Focused Look at the UAE

  • H.E. Omar Sultan Al Olama announced a UAE-Oxford University program to train public officials in AI governance and auditing.
  • Focus on developing country-specific AI regulations.
  • Propose a global regulatory baseline for technology risk management.
  • International Finance Corporation and Stability AI panelists emphasized the need for immediate, comprehensive AI regulation.

Entrepreneurial Journeys: A Closer Look

  • The panel dissected popular narratives about unicorn startups.
  • Identified operational challenges to scaling, such as the burden of long hours on employees.
  • Emphasized the need for constant adjustments to business models.
  • Outlined key metrics for startup valuation: customer activity and external market factors.

Asian Tech Landscape: A Quantitative Analysis

  • Data and analysis from Kerala Startup Mission, KBSL Sri Lanka, Neem Pakistan, and Ministry of ICT Bangladesh.
  • Public and private sector initiatives are identified as growth drivers, particularly in education, healthcare, and infrastructure.
  • Recognized the role of public-private partnerships in driving the growth of Asia's next generation of startups.

In Summary, Day 3 of the Expand North Star conference highlighted:

  • The need for regionally tailored AI regulations to manage technology risks.
  • Operational realities affecting startup scaling, with a focus on business valuation metrics.
  • Factors facilitating the expansion of the technology sector in Asia, particularly public-private partnerships.