Investment is likely to push the Artificial Intelligence market value to a whopping US$200 billion (Dh730 billion) by next year as most companies are using AI to boost productivity of businesses, factories and industries
Date: Dubai, UAE; September 3, 2024
News Highlights:
- Increased investment in Artificial Intelligence is expected to deliver additional Dh335 billion value to the UAE economy by 2031;
- The sum of assets and acquisitions from minority stakes, private investments, and public offerings totalled US$934.2 billion from 2013 to 2022.
- Recent investment peaked in 2021 at US$276.1 billion with the emergence of ChatGPT.
- In 2023, the global Artificial Intelligence market garnered US$142.3 billion;
- Increased investment is likely to push the Artificial Intelligence market value to US$200 billion globally;
UAE News 24/7 