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Artificial intelligence investments to reach $9bn in the UAE

Artificial intelligence will continue to feature in various sectors, in particular within industrial processes

Artificial intelligence investments to reach $9bn in the UAE
AI investments to reach $9bn in 2017.

The UAE investments in artificial intelligence (AI) has seen significant growth in the last three years and now analysts predict that it will reach $9bn by the end of 2017.

WAM reported that Abdullah Alfan Al Shamsi, assistant Under-Secretary for Industrial Affairs, Ministry of Economy, said official statistics purporting that scientific research contributions to the country's GDP reached 0.87%.

"The UAE has been among the first countries to realise the central importance of artificial intelligence to build a knowledge-based economy that adopts scientific research and high-end technology as among the key enabler of the UAE Vision 2021," he added.

With AI investments to reach $9bn, Al Shamsi noted that the emerging technology will enhance competitiveness across all economic platforms, particularly industrialisation. Additionally AI will continue to emerge in government services, consumer services and work environments.

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