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Abu Dhabi's AI Firm Registrations Surge By 67% Annually

The number of artificial intelligence (AI) firms registered in Abu Dhabi increased at a compound annual rate of 67% between 2021 and 2023, cementing the emirate's status as a key leader in the AI market.

The results were presented in a new research conducted by the Abu Dhabi Chamber of Commerce and Industry's Business & Economics Intelligence Sector.

The study offers light on Abu Dhabi's goals to maximize the benefits of deploying AI systems, applications, technologies, and solutions, which are supported by the UAE National Strategy for Artificial Intelligence 2031 and the UAE Centenary Plan 2071.

"Today, Abu Dhabi is one of the most pioneering destinations due to its efforts to improve the contribution of AI to sustainable development," said Ahmed Khalifa Al Qubaisi, CEO of the Abu Dhabi Chamber."It is expected that the sector will contribute an additional $13 trillion to global economic activity by 2030, an increase equivalent to 16% in cumulative global GDP compared to the present."

The Abu Dhabi Chamber has been a trailblazer among chambers of commerce worldwide, launching the first AI-powered platform (ChamberGPT) dedicated to handling business processing inquiries in Abu Dhabi and topping international indicators in the active use of such platforms since its launch in 2023.

"As the AI landscape becomes clearer in Abu Dhabi, the private sector and investors are increasingly interested in establishing companies that focus on innovation and artificial intelligence research and consultancies," he said. "There is also a surge in the management and operation of AI robotic systems in various business sectors."

In May 2020, the Abu Dhabi government established the Advanced Technology Research Council, which resulted in the formation of AI71, an artificial intelligence business focused to improving worldwide decentralized data control.

The report confirms that all of the aforementioned indications, among others, strengthen hopes that Abu Dhabi would be one of the most appealing Arab and worldwide locations for investors, entrepreneurs, and AI talent. Notably, it comes out as the most equipped for the future, poised to capitalize on AI integration across multiple economic sectors and sustainable growth tracks.

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