Here’s Why Dubai Is Primed To Lead The Global Race In Artificial Intelligence

  • Date: 16-Aug-2023
  • Source: Entrepreneur Middle East
  • Sector:Technology
  • Country:UAE
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Here’s Why Dubai Is Primed To Lead The Global Race In Artificial Intelligence

Here's Why Dubai Is Primed To Lead The Global Race In Artificial Intelligence Dubai is a newcomer to the race, and it undeniably has a steep hill to climb if it is to stand up to the tech hubs that have dominated for decades. But it has all the ingredients needed to make the challenge- and succeed.

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Dubai, a city known for its soaring skyscrapers and luxurious lifestyle, has set its sights on a new goal- becoming the artificial intelligence (AI) capital of the world.

The foundations are already being laid. The UAE was the first country to appointment a Minister for Artificial Intelligence in 2017, and by the time OpenAI launched its groundbreaking ChatGPT last November, Dubai's business-friendly tax and regulation system had already secured in an influx of ambitious tech entrepreneurs.

According to the Dubai International Financial Centre (DIFC), more than 40 tech firms opened up offices or established a formal presence in 2022.

If this isn't evidence enough of Dubai's tech trajectory, money talks. According to The Financial Times, Dubai ranked first in the world for attracting greenfield foreign direct investment (FDI) in both