Global leaders are charting an AI-driven future path for economic growth

GITEX GLOBAL 2024 Dubai focuses on the role of artificial intelligence in economic transformation and next-generation technological innovations, including semiconductors.

On Monday, government officials, global industry leaders and experts gathered in Dubai on the opening day of the Future Economy Digital Leaders Global Summit to begin discussions on charting a path to AI computing-driven economic transformation.

GITEX GLOBAL, the world’s largest technology event, kicked off at the Dubai World Trade Center (DWTC) and focused on the hot topics of next-generation technology investment, which is expected to reach $1 trillion by 2030, as well as the future of data governance. also discussed. This great event is held under the slogan “Global Collaboration to Shape the Artificial Intelligence Economy of the Future”.

The Global Future Economy Digital Leaders Summit comes at a time when the UAE is accelerating its efforts to adopt artificial intelligence across sectors. Last year, the country’s artificial intelligence market was valued at $3.47 billion. “Abdullah bin Tuq Al-Mari”, Cabinet member and Minister of Economy in the Ministry of Economy of the UAE, explained the importance of artificial intelligence and its central role in the country’s economic future.

In his speech, he pointed to the importance of artificial intelligence as a key factor for the future, saying: “This technology is already affecting our daily lives, whether in transportation or ordering food, but also to accelerate growth in various sectors. “People and companies must learn how to effectively use artificial intelligence.”

This year, GITEX GLOBAL has attracted the most international participation with a 40% growth, and new countries have come to the 44th edition of this great event. Europe plays a prominent role this week with its largest presence in the event’s history, and the region’s tech industry is expected to grow by 12 percent by the end of this year.

Stefan Oaki, head of the European Innovation Council, explained how the continent is accelerating its tech ecosystem. He said: “The council supports transformative innovation and gives entrepreneurs opportunities to improve their knowledge and learn from other professionals to help grow their businesses. This issue benefits not only the national economy but also the regional economy.

Ignacy Niamczycki, Deputy Minister of Economic Development and Technology of Poland, gave a speech on how to adopt technology in his country.

“Our culture is one of the key pillars in becoming a technology leader, and we have a stable economy that has been very resilient over the past 30 years,” he said. More importantly, there is genuine interest in the STEM (Science, Technology, Engineering and Mathematics) field. “If you ask most people in Poland, their choice would be to become a software engineer, and this has led to a situation where we have one of the best IT programmers in the world, and some great tech entrepreneurs come from Poland.”

“The models we’ve created have all stayed true to our products, which has been our success to date,” he continued. As the company has grown, we have been able to invest more in computing technologies and have built a data center in Sweden. However, we must continue to innovate and see what the next step is. If we don’t think ahead, we will be in the same situation as we are today.

Meanwhile, Hamani Beckel, who has been named TIME Magazine’s “Kid of the Year 2024” for inventing a potential cure for skin cancer, shared her inspiring story. He explained how the failures he experienced in his life in producing his innovative product made him a stronger person, and passion has been a key attribute of his career success.

GITEX GLOBAL continues from October 18 at the Dubai World Trade Center (DWTC) and is now in its 44th year as its largest and most international edition, attracting more than 6,500 exhibitors, 1,800 startups, 1,200 investors and governments from over 180 countries. is

GITEX GLOBAL is seamlessly connected to the largest network of technology events in the world and includes a stellar list including GITEX EUROPE Berlin, GITEX ASIA Singapore, GITEX AFRICA Morocco and GITEX NIGERIA. These events promote collaboration and drive innovation to shape tomorrow’s technology landscape.