Dubai is on track to become a leading powerhouse regarding everything AI.
With the US leading the tech industry for decades, the fingers are slowly turning towards the Middle East.
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These past eight months, AI has established itself as one of the most exhilarating prospects to come out in tech. All the signs point towards AI shaping the future from business to society.
A recent Goldman Sachs report states that generative AI will drive a 7% increase in global GDP. It will also push growth by 1.5% in the next ten years.
Distilling these figures means that the AI market will be monumental. The companies that can dominate this market and capitalize on it early will rival Google’s likes in size and power.
So, how does Dubai fare in all these numbers and statistics?
Distilling these figures means that the AI market will be monumental. The companies that can dominate this market and capitalize on it early will rival Google’s likes in size and power.
The government is taking AI seriously as it makes remarkable progress. They have set up a Cabinet position to promote a national strategy with a roadmap to becoming a leader by 2031.
UAE’s Minister of State for Artificial Intelligence has stated, “Whoever is going to lead in the Artificial Intelligence race will lead the future. This technology will change the world.”
Regulation changes are underway to make the business climate friendly to AI companies.
Dubai has an edge over tech cities like Silicon Valley, with a more diverse and inclusive culture, a more agile and responsive government, and visionary leadership.
