The increase in investments in artificial intelligence (AI) worldwide, driven by the rising demand from booming digital sectors—from digital health to the future of finance, cybersecurity, and public services—has triggered a race among companies to attract specialized talent, keep pace with their rapid technological innovations, and position themselves among the early adopters of AI. According to research from Goldman Sachs, global investments in AI could reach $200 billion by 2025, while Bloomberg indicated that generative AI alone could have a market value of $1.3 billion by 2032.
This growth is motivated by a widespread recognition among global leaders that AI solutions are an increasingly essential tool for driving productivity and growth.
As Thomas Pramotedham, CEO of Presight, an AI company based in Abu Dhabi, recently stated: "Today, you will see companies applying AI and AI evolving. In five or ten years, it will become smarter, and when it does, you will get more efficiency and shorter paths to answering difficult and complex questions. In return, this will contribute to improving society and the world we live in."
Like Presight, over 3,500 of the world's most prestigious brands investing in AI solutions will gather at the Dubai World Trade Centre from October 14 to 18 for the largest technology and startup event in the world, GITEX GLOBAL 2024.
This leading exhibition and conference will bring together the largest technology community in the world, from experts, founders, and investors to government leaders and senior executives, to showcase their groundbreaking AI technologies, discuss mutual synergies, and forge key collaborations to catalyze future advancements in the sector.
This historic event will highlight the opportunities and challenges associated with the global AI economy, including ethical development, quantum computing, large language models (LLMs), policies and regulations, the real-world implications of AI in education, health, and finance, as well as the future of work and employment.
According to recent studies, the rapid emergence of AI continues to impact the job market. In 2022, Deloitte estimated that there were only 22,000 AI specialists worldwide, while last year it was projected that only half of all AI-related jobs could be filled.
Caroline Haïat
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