More than 130 global experts on Artificial Intelligence (AI) from over 80 countries are descending into Dubai to take part in the first edition of Ai Everything summit. The idea behind the event is to demonstrate how this deep technology will be harnessed to implement impactful change across the world.
In a nutshell
The two-day summit will run from April 30 to May 1 at Dubai World Trade Centre and thought leaders, inventors, practitioners and researchers from governments, businesses, NGOs and academia are expected to descend into Dubai.
The event will showcase real-world use cases across industries; forge collaborations and partnerships, and holds workshops.
Why is it in the UAE?
The UAE is aiming to play a key role in AI implementation and the Strategy for Artificial Intelligence 2031 envisions the country to become a world leader by 2031, creating opportunities and generating up to $90 billion in extra growth.
Omar bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence, has said that the UAE Government works with innovators and companies from all over the world to innovate new solutions employing artificial intelligence technology and develop future sectors.
“The Ai Everything Summit represents a global event that supports our efforts in the UAE to share successful experiences in the field of artificial intelligence and become a global leader in adopting this technology," he said.
Jyoti Lalchandani, vice-president and regional managing director for research firm International Data Corporation (IDC), told exclusively to TechRadar Middle East that the AI investment in the Middle East and Africa is expected to reach $263 million this year compared to $200 million last year.
“This investment is expected to grow between 25 per cent and 30 per cent annually. At least a quarter of the investment is coming from the UAE.”
The AI investment in the UAE is expected to be $56.03 million this year compared to $37.54 million last year, registering a growth of more than 49 per cent, he said and added that the use cases in the UAE are in utilities, banks, fraud analysis, automated threat intelligence, Dubai Department of Economic Development, land department, transportation and public sectors.