Key Takeaways:
- The World Future Economy Digital Leaders Summit opened in Dubai, focusing on AI Compute-Driven economic transformation.
- The next-gen semiconductor market is projected to reach $1 trillion by 2030, highlighting the event’s theme of global collaboration for an AI economy.
- GITEX Global 2024 has seen a significant increase in international participation, with 40% growth and over 6,500 exhibitors.
Government officials, global industry leaders, and experts gathered in Dubai for the opening day of the World Future Economy Digital Leaders Summit on Monday, initiating discussions on charting a course for AI Compute-Driven economic transformation.
Kicking off at the Dubai World Trade Centre (DWTC), GITEX Global, the world’s largest tech event, featured discussions on ‘Tech Investment Day’ that focused on the next-gen semiconductor market, expected to be valued at $1 trillion by 2030, as well as the future of data governance. This year’s event is themed ‘Global Collaboration to Forge a Future AI Economy.’
The summit coincides with the UAE’s accelerated efforts in adopting AI across various sectors. The country’s AI market was valued at $3.47 billion last year. This year’s GITEX has attracted its largest international participation ever, with a 40% growth, welcoming new nations to its 44th showcase. Europe has a significant presence this week, the largest in the event’s history, with the region’s tech industry projected to grow by 12% by year-end.
Stephane Ouaki, Head of the Department at the European Innovation Council, outlined how Europe is advancing its tech ecosystem. He stated that the Council supports transformative innovations, providing entrepreneurs with opportunities to enhance their knowledge and learn from peers, fostering national and regional economic growth.
Ignacy Niemczycki, Undersecretary of the State Ministry of Economic Development and Technology of Poland, presented on how his country is embracing technology. He remarked, “Our culture is a key pillar in our journey to being a tech leader, and we have maintained a resilient economy for the last 30 years.” He also highlighted Poland’s reputation for producing top-tier IT programmers and innovative tech entrepreneurs.
Attendees heard from Dr. Jaroslaw Kutylowski, founder and CEO of DeepL, a leading German global language AI company, who discussed how his business utilizes large language models (LLMs). He stated, “The models we’ve built have consistently aligned with our products, contributing to our success. As we grow, we’ve invested more into computing technologies and established a data center facility in Sweden.”
Additionally, Heman Bekele, recognized as TIME’s 2024 Kid of the Year for inventing a potential skin cancer treatment, shared his inspiring journey. He recounted how his setbacks in developing his innovative soap product strengthened his resolve and highlighted the role of passion in his career achievements.
Taking place at the Dubai World Trade Centre until October 18, GITEX Global is presenting its biggest and most international edition in its 44th year, featuring over 6,500 exhibitors, 1,800 startups, and 1,200 investors from more than 180 countries.
