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September 17, 2024

Why these Gulf states want to be AI superpowers

There are several reasons why Gulf States including UAE, Saudi Arabia, Qatar, and others, are keen on becoming AI superpowers: 1. Economic Diversification: The Gulf States traditionally have economies heavily dependent on oil. The falling oil prices and the finite reserves are encouraging these states to diversify their economies. Investing in AI offers opportunities for them to become leaders in a new, rapidly advancing industry. 2. Creating High-quality Jobs: As artificial intelligence requires skilled labor, investments in AI can potentially lead to the growth of high-quality jobs, contributing to the reduction of unemployment rates. 3. Boosting GDP: AI has the potential to boost GDP. According to a study by PwC, AI could contribute up to 14% of UAE's GDP by 2030. 4. Improving Public Services: AI can play a significant role in improving the efficiency of various public services including healthcare, education, public transportation, and more. This can lead to increased citizen satisfaction and better quality of life. 5. National Advancement: Investments in AI can position these states as pioneers in the technological sphere, generating prestige and improving their international standing. 6. Security Purposes: AI can be used in advanced security systems which is a priority for these countries to maintain stability. To achieve these benefits, Gulf States are investing in AI technologies, developing AI strategies, promoting AI literacy and training, and encouraging AI innovation and entrepreneurship.