Global tech leaders are converging to shape the future of AI-powered economies. At the GITEX World Future Economy Digital Leaders Summit, experts are emphasizing the urgent need for governments, corporations, and startups to swiftly transition AI proofs of concept into tangible applications.
Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications in the UAE, is spearheading the country’s drive to become a global AI powerhouse. He envisions a future where AI and humans collaborate seamlessly, enhancing productivity and innovation.
The rapid advancement of AI is fueling a surge in demand for next-generation semiconductors. According to McKinsey, the global semiconductor market for AI applications is expected to reach $1 trillion by 2030. In 2024 alone, the AI market is nearing a trillion-dollar valuation, underscoring its profound impact on economies worldwide.
This transformative shift is reshaping global dynamics, particularly for emerging economies. As economic decoupling becomes more prevalent, strategic derisking is essential to mitigate risks and ensure sustainable growth.
