UAE to Spend USD 73 Million on AI in 2020, Leading Middle East

  • Date: 06-Oct-2020
  • Source: Business Live ME
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

UAE to Spend USD 73 Million on AI in 2020, Leading Middle East

UAE to Spend USD 73 Million on AI in 2020, Leading Middle East

The UAE is set to spend USD 73 million on artificial intelligence (AI) systems in 2020, the highest in the Middle East, boosted by the UAE government's digital innovation drive, industry experts announced today.

Thanks in part to the UAE Strategy for Artificial Intelligence, AI is being embedded into every sector – from government e-services and smart traffic, to the current healthcare environment, to enforce lockdowns and support contact tracing.

As a result, the UAE's AI spending on AI systems is set to grow by 19.7 percent from 2019, reaching USD 73 million in 2020, according to a recent report by IDC. The UAE AI spending leads the region and accounts for about one-fifth of the total in the Middle