International Holding Company, the Abu Dhabi-owned industrial conglomerate, announced that it has created a new post on its Board of Directors for an “Artificial Intelligence Observer.”

The virtual entity was developed by G42, the holding company’s fast-growing AI firm, in collaboration with Microsoft, and given the name “Aiden Insight.”

It will use its abilities “to continuously process and instantly analyze decades of business data, financial information, market trends, and global economic indicators,” the company said.

IHC Chairman Sheikh Tahnoun bin Zayed Al Nahyan said appointing Aiden Insight to the Board shows the company’s “commitment to innovation and forward-thinking leadership.”