Why GITEX 2024 is the future of the global economy?

The increase in global investments in the field of artificial intelligence is due to the increase in demand for this emerging knowledge in growing digital industries; From digital health and finance to cyber security and public services, AI has created competition among businesses; This competition is about the speed of achieving innovations in this industry and stabilizing the position of businesses by adopting artificial intelligence.

Impressive growth

Goldman Sachs Research predicts that global investment in AI will reach $200 billion by 2025, while Bloomberg reports that generative AI alone could be worth $1.3 trillion by 2032.

These figures come alongside AI leaders acknowledging the impact of AI as a critical tool for increased productivity and higher growth.

Thomas Pramutham, CEO of Abu Dhabi-based Presight, is one of the AI ​​leaders who acknowledged the impact of this emerging knowledge on the industry; In a podcast about the GITEX International Exhibition, he said: “Today, you see companies that are using artificial intelligence are evolving; In the next five to ten years, these companies will become smarter, more efficient, and take shorter paths to answering difficult and complex questions. This will lead to the improvement of society and the world we live in.”

More than 3,500 of the world’s most respected brands have followed Presight’s path and will gather at the Dubai World Trade Center from October 14-18 for the world’s largest tech and startup event, GITEX GLOBAL 2024.

GITEX International Expo brings together the world’s largest community of technologists, from experts, founders, and investors to government leaders and CEOs, to showcase their AI innovations, discuss synergies, and collaborate for future advancements. to bring

This important event will address the opportunities and challenges surrounding the global economy of AI, including ethical development, quantum computing, large language models, policy and regulation, the real-world implications of AI in technology, health and finance, and the future of the labor market.

According to recent studies, the rapid rise of artificial intelligence continues to affect the labor market; In 2022, Deloitte estimated that there will be only 22,000 AI professionals in the world.

The response of the United Arab Emirates to this public movement, as the global hub of the artificial intelligence industry, has included the creation of a long-term agenda to use the potential of artificial intelligence in order to empower individuals, communities and organizations. In line with this national strategy, the UAE has integrated artificial intelligence in public services, energy, tourism and education to become the world leader in artificial intelligence by 2031.

In line with this national strategy, Dubai has organized the Jitex International Exhibition and has shown its deep commitment to make the emirate the fastest, most agile and ready city in the world in the field of artificial intelligence. With the aim of accelerating the adoption of artificial intelligence applications, this annual program seeks to achieve the goals of Dubai’s economic programs by adding 100 billion dirhams, 27.2 billion dollars to the UAE economy and increasing productivity by 50%.

GITEX 2024 is a powerful platform for artificial intelligence experts and leaders

As the world’s largest tech and startup event, GITEX aligns with the UAE’s recognized AI economy and Dubai as the fastest growing international hub for experts, leaders and academics.

The headlines of GITEX World Expo include the most powerful technology giants driving the dynamics of artificial intelligence globally, such as Adobe, Alibaba Cloud, AWS, Builder AI, Dell, G42, Google, HPE, IBM, Meta, Microsoft, Nvidia, Open AI and Oracle and many others.

The Middle East’s top companies and organizations that advance artificial intelligence and bring the region’s indigenous technology to the world, such as Presight and the Technology Innovation Institute (TII) and Khazna, will also present their products and innovations at the exhibition.

Renowned international speakers such as Isabel Greidert, Vice President of Central Research and Technology of Airbus (Germany), Michael Sprenger, Head of Artificial Intelligence of Sony (Japan), Jung Soo Choi, Chief Technology Officer of Samsung (South Korea) will join the stage for intellectual discussions in the field of artificial intelligence. .