Global generative AI spending is set to reach $644 billion by 2025, driven by hardware integration, with 80% of spending focused on devices like servers and smartphones. Despite high failure rates in early projects, the growth reflects AI’s increasing role in business and consumer technology, impacting all IT spending markets.
Middle Eastern organizations plan to increase AI investments by over 65% in the next year, despite facing challenges in talent and technology. A new Deloitte report highlights the growing opportunities in AI, as well as the hurdles in adopting and scaling AI solutions effectively across the region.
Accenture and Google Cloud have partnered to drive the adoption of generative AI and cloud solutions in Saudi Arabia. This collaboration aims to address local data sovereignty needs, improve customer experiences, and help organizations boost operational efficiency through AI. The partnership will also expand the Generative AI Center of Excellence to Saudi Arabia.
Morocco is set to host the GenAI Summit Maroc 2024 on December 10-11, bringing together AI leaders to discuss its impact on sectors like healthcare, finance, and education. The summit aligns with Morocco’s Digital Morocco 2030 plan, aiming to drive economic and technological growth through AI innovations.
The companies have established a GenAI Center of Excellence (CoE) to combine their expertise and streamline AI adoption for customers.
AI platforms are transforming businesses across the UAE, driving growth and innovation. Industry leaders emphasized the importance of generative AI in operations, customer engagement, and internal efficiencies. The focus on AI is a crucial part of strategies for companies like Modon, Abu Dhabi Airports, Etihad Rail, and Abu Dhabi Islamic Bank.
Generative AI could add up to $35 billion annually to GCC economies, complementing $150 billion from other AI technologies. With strong adoption and data management laws, GCC nations are set to leverage AI’s economic potential while addressing data sovereignty.
The service aims to provide organizations with customized Generative AI solutions to improve workforce efficiency amidst a talent shortage.
