AI Investment Surge: GITEX 2024 Unites Global Tech Leaders

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_{Fueled by the growing demand in soaring digital sectors—ranging from digital health, future finance, to cybersecurity and public services—the global boom in Artificial Intelligence (AI) investments has set off a race for businesses to secure vital expertises, support their unrelenting rate of tech innovations, and their standing as AI pioneers. Goldman Sachs research has suggested that as much as $200 billion be invested in AI globally by 2025 and Bloomberg reported the overwhelming total of generative AI alone at a market valuation of $1.3 trillion by 2032.}

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_{One of the key reasons for this growth can be attributed to a common understanding among global leaders, that AI-driven solutions have become a necessity in achieving increased productivity and larger growth. Today AI has become all-overspread among companies and obviously, AI changes with time — in some five or ten years, it will be smarter — more efficient and shorter routes to answers to such difficult and complex issues as we discussed. “Which is the idea that Thomas Pramotedham presented during a GITEX Tech Waves podcast, the CEO of Abu Dhabi-based AI enterprise Presight. In doing so, that will be a benefit to society and inevitably the world.}

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_{Presight of the world's most respected brands building investment in AI solutions will all meet in Dubai World Trade Centre from 14-18, October for one of the world largest tech and start-up events GITEX Global 2024. The powerhouse exhibition and conference will unite the most powerful tech community in a bid with stalwarts, visionaries, investors, regulators and government representatives to share their latest research findings through AI technology cooperation and consensus development that will pave the way for future AI business opportunities.}

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_{The momentous occasion shall focus on the prospects and challenges that characterize the global economy on AI, including the responsible use of the technology, quantum, large language models (LLM), policies and legislation, practical applications of AI in education and insurance, health, finance sectors, and the working environment and employment prospects. In recent research, however, the strong appearance of artificial intelligence still affects the current labor markets. In 2022, Deloitte claimed that only 22,000 AI specialists could be found in the globe at one point, whereas just a year ago estimates indicated prediction as only about half of the total positions relating to the technology would be likely filled.}

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UAE is proving its commitment to develop the world economy with new AI

‍_{Over the years the UAE has been growing its stature as a global focal point for the AI industry, rather than catching up with other performing markets. This is further complemented by the following short and long term policies of the government seeking to unleash the full transformative power of Artificial Intelligence on the individual, the society, and the institutions. In accordance with the UAE National Strategy for Artificial Intelligence and with the goal of turning the country into an AI leader by 2031, the state engaged in the integration of AI into various spheres of public services, energy, tourism, and education.}

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_{Moving further, the leadership in Dubai has expressed comprehensive willingness in transforming the emirate into the fastest, most streamlined, and most ready for the future smart city in the whole world by coming up with the Dubai Universal Blueprint for Artificial Intelligence. Accelerating the application of AI technology adoption within this highly strategic yearly plan looks at meeting the goals of the Dubai Economic Agenda D33 by augmenting the economy of the emirate by AED 100 billion ie 27.2 billion dollars which is done every year and increasing the efficiency of the economy by 50 percent with the use of digital technology.}

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GITEX Global 2024: A robust platform for AI professionals and stakeholders

‍_{Being the world’s primary technology and start-up event, GITEX Global’s objectives correspond directly to the well-established UAE economy with a focus on Artificial Intelligence and, with Dubai as the rapidly expanding global center for AI experts, leaders, academics and key opinion formers in the industry.}

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_{The headline speakers include the most influential tech companies contributing to the AI movement around the world such as Adobe, Alibaba Cloud, AWS, Builder AI, Dell, G42, Google, Hewlett Packard Enterprise, IBM, Meta, Microsoft, NVIDIA, Open AI, Omigron Oracle and many others. Such Egyptian firms and institutions that develop AI and that seek to promote the local technologies to the world such as Presight, e &, Institute of Technology Innovation TII and Khazna will also exhibit at the show with their products and innovations.}

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_{These leaders will be joined with a fresh round of international experts to AI who are expected to deliver thought-provoking talks on various subjects and among them will include Isabell Gradert, Vice President Central Research & Technology, Airbus Germany; Michael Spranger, President, Sony AI Japan; Axel Voss, Member, European Parliament, Belgium; Stephen Ibaraki, Founder UN\ITU AI for Good, Canada; Jong-Soo Choi, Chief Technology Officer, Samsung, South Korea; Dr Priya Singhal, Executive Vice President, Biogen,  United States.}

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