BridgeWise, an AI-driven stock analysis platform, is expanding its operations to the Gulf region by establishing a regional headquarters in Dubai. The startup has secured an operational license from the Dubai International Financial Centre (DIFC). However, it is restricted from providing direct buy or sell recommendations within the UAE. Instead, BridgeWise's AI chatbot, Bridget, will offer stock ratings, assigning up to five stars to evaluated stocks.
The UAE aims to become a global AI hub, particularly in financial services. The country's National AI Strategy 2031 targets a substantial GDP boost through AI integration. BridgeWise's expansion aligns with Dubai's push to modernise its financial infrastructure. The platform supports Arabic, potentially unlocking new investor segments in the region. The UAE's regulatory landscape requires AI systems to adhere to strict ethical and technical standards, including transparency, data security, and bias prevention.
BridgeWise's move into Dubai signifies a test of AI's potential to democratise investment access in a region traditionally dominated by conventional banking. The company must balance innovation with regulatory compliance. Success in Dubai could establish a blueprint for AI-driven finance, attracting significant global investment.