During a visit to the international AI company SmartCow that is partly based in Malta, Prime Minister Robert Abela stated that the creation of quality work is foundational towards the forming of wealth.

PM Abela, while noting that companies such as SmartCow are preparing our country for the future, iterated that by already investing in human capital, the aim is that related technological sectors grow in Malta in the future to make us more competitive and more attractive than other countries.

On this point, Abela mentioned that the Government shall continue incentivizing these career directions to the local population through various means including through the increase of students’ stipends in these needed areas.

He also said that Malta will remain open towards businesses in an attempt to attract companies that can foster quality careers locally.

The Prime Minister said that the visited company well reflects the Government's targeted economic direction. While 90% of SmartCow’s employees are engineers, Abela also commented on the importance of the development of artificial intelligence (AI) and on the opportunities for “quality work” that exist within this sector.

Aside from the research and development of AI technologies, SmartCow also adjust AI software that are later installed in different products, e.g., security cameras.

SmartCow will be present at the TechXpo at MFCC in Ta’ Qali from 19-21 September. The upcoming TechXpo aims to provide a platform for people to explore the dynamic fields of AI, emerging technologies, business networking, and career opportunities. This event looks to be a space for technology enthusiasts and for the Maltese industry to exhibit technological investments with the aim of improving overall competitiveness, economic growth, and resilience in the sector.

Present for this visit alongside the Prime Minister were the Minister for Economy, EU Funds and Lands Silvio Schembri, as well as the CEO of the Malta Digital Innovation Authority (MDIA) Kenneth Brincat.