‘UAE will be global centre of AI by ’30’

Abu Dhabi / WAM

The Ministry of Economy said that the economic impact of the country’s investment in the technologies of the “Fourth Generation of the Industrial Revolution,” most notably artificial intelligence (AI) will not be restricted by cost, consumption, production and productivity, and will achieve major economic growth through smart investment in various sectors, based on many international studies that predict that the UAE will become the global centre of AI by 2030. The ministry added that according to various international studies, AI technologies will increase the country’s GDP by 35 percent by 2031 and will reduce the government’s annual spending by 50 percent, through reducing the number of paper-based transactions and saving millions of hours that are wasted annually when completing these transactions.

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