UAE most preferred nation, Landmark AI regulation proposed, Aircraft mega-deals, plus more stories, Gulf News Editors comment on the top news on June 20

UAE IS THE MOST PREFERRED NATION: For the 12th year in a row, the UAE was named the most preferred nation to live in by Arab youth, according to the latest Arab Youth Survey results. Face-to-face interviews were conducted with 3,600 respondents (Arab citizens aged 18 to 24, in 18 states), who were asked to name the countries they consider “model nations.” Most chose the UAE. For the third year running, the US and Canada were ranked second and third, respectively. Remarkably, three Gulf nations, the UAE, Saudi Arabia and Qatar, appear in Arab youth’s top-five list of model nations for the first time in 9 years. The UAE’s top-five attributes respondents cited are: safety and security, growing economy, effective and ‘visionary’ leadership, clean environment, ease of starting a business. The survey, the largest of its kind in the region, affirms the attractiveness of the UAE among Arab youth seeking to start a career, pursue their dreams and the freedom to realise their full potential. (By Jay Hilotin, Senior Assistant Editor)

LANDMARK AI REGULATION PROPOSED: The European Union (EU) has taken a significant step by establishing the world's first rules on artificial intelligence (AI) usage. This move aims to set global standards for AI, from chatbots to critical applications like surgery and fraud detection. It acknowledges the need to regulate AI as it reaches the public and disrupts industries. Concerns about AI have focused on sentience, but its current impact raises fears of increased discrimination and mass misinformation. Algorithms powering social media feeds have been known to spread misinformation. Large language models like ChatGPT are prone to misinformation and factual inaccuracies. The EU's regulations are therefore a crucial first step in addressing these issues. Tech leaders, including Microsoft and Google, have welcomed the Act's progress, but further refinements are desired. The EU's proactive approach shapes responsible AI use and establishes a comprehensive framework for global discussions. (By Sadiq Shaban, Opinion Editor)

AIRCRAFT MEGA-DEALS SPARK INDUSTRY BUBBLE WARNING: The aviation industry has experienced a remarkable turnaround from losses and groundings to record profits and a surge in aircraft orders. Recent mega-deals, such as Indigo's purchase of 500 Airbus jets, have fueled the industry's enthusiasm. However, some industry veterans are cautioning that this buying spree could lead to an overheated market. Industry veterans like Akbar Al Baker of Qatar Airways and Steve Udvar-Hazy of Air Lease warned that the current trend may lack economic justification. While demand for aircraft, particularly in Asia and Europe, is high, supply chain issues and a shortage of skilled labor are posing challenges for aircraft manufacturers. Despite the eagerness to secure orders, airlines say that they are mindful of making rational decisions rather than pursuing publicity-driven large orders. (By Nivetha Dayanand, Web Editor)

A GAMBIT FOR CHESS FUTURE: Chess is ready to make the big move. The Global Chess League is set to keep the fans entertained and engaged during the next two weeks, where the world’s best will coming to Dubai. The buzz is already growing among young aspirants, who showcased their skills during a community event last weekend. Chess has a rich history in UAE and players like Viswanathan Anand and Maguns Carlsen have competed in the country several decades ago. The Global Chess League, with a new format, sizable prize money and a live telecast in Made-for-TV format, will make it more interesting for the players to take up sport as a profession, which will only enhance chess’ popularity. A Queen’s Gambit for the game’s future. (By A.K.S. SATISH, Sports Editor)

NASEERUDDIN SHAH BREAKS FREE FROM STEREOTYPES: He may be known for his profound portrayal of cerebral and artistic roles, but maverick Indian actor Naseeruddin Shah doesn’t let it define him. In an exclusive interview with Gulf News, the actor who’s gearing up for his Urdu play ‘Ismat Apa Ke Naam’ claimed he didn’t want to be tagged as this “serious actor” and was keen to embrace mainstream commercial films that are usually glossy potboilers. He also challenged the notion that artistic endeavours should not be driven by greed. "There was a phase when I prioritised making money. Why should we feel guilty about earning? Money can indeed bring happiness," Shah says, sharing his unapologetic perspective. His takes were undoubtedly refreshing. Most actors love to be put in the “serious actor” bracket, but Shah is cut from a different cloth and we admire his endearing honesty. (By Manjusha Radhakrishnan, Entertainment Editor)