Mastercard Joins Forces With UAE Government To Advance National Artificial Intelligence Strategy
Portfolio Pulse from Nabaparna Bhattacharya
Mastercard Incorporated (NYSE:MA) has entered a memorandum of understanding with the UAE's Artificial Intelligence, Digital Economy, and Remote Work Applications Office. The partnership aims to increase artificial intelligence capabilities in the region and supports the National Artificial Intelligence Strategy 2031. Mastercard's shares are trading higher by 0.57% to $405.10.
August 28, 2023 | 2:07 pm
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POSITIVE IMPACT
Mastercard's partnership with the UAE's AI Office could boost its AI capabilities and potentially its market position. The news has already positively impacted the company's stock price.
The partnership with the UAE's AI Office is a strategic move for Mastercard to enhance its AI capabilities. This could potentially strengthen its market position and drive growth. The positive impact on the stock price indicates that the market views this partnership favorably.
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