Abu Dhabis artificial intelligence sector grew by 41.3%

According to Amac News: In the announcement of the Abu Dhabi Chamber of Commerce and Industry, it is stated that this figure shows the rapid growth and increasing interest in artificial intelligence and its applications in the UAE.
According to the announcement, a recent study by the Abu Dhabi Chamber found that on average, an AI company will be founded in Abu Dhabi every two days in the first half of 2024.
Almost 90 AI companies were founded in just six months, representing a significant 41.3% year-over-year growth in the sector in the first half of 2024.
A previous study published by the chamber in February showed that the number of registered AI companies in the UAE would grow at a compound annual growth rate (CAGR) of 67 percent between 2021 and 2023.
The rapid growth of AI companies in the UAE underscores the sector's rapid expansion locally and Abu Dhabi's growing appeal as a leading hub for technology and business innovation on a regional and global scale, a new study shows.
The study also showed that business activities related to artificial intelligence innovation and research and consulting were the most prevalent among companies in the second quarter of 2024, accounting for 69% of all activities.
This reflects the growing interest of the government and the private sector in advancing technology and promoting economic growth with a focus on research and consulting services with high added value.
Artificial intelligence educational activities ranked second with 11 percent, followed by management and operation of artificial intelligence robotic systems with 10 percent.
The wholesale trade of artificial intelligence training is 8% and the retail trade of artificial intelligence robots is 2%.
The study emphasized that the Abu Dhabi Chamber plays a pivotal role in supporting AI companies in the UAE by providing a platform for communication and collaboration, facilitating business exchanges and developing policies that create an ideal environment for the growth of AI companies.
Through its initiatives, programs and events, the Chamber acts as a bridge between AI companies and regulatory bodies in the UAE and across the UAE, ensuring that the current and future needs of the sector are met.
To achieve this, the Chamber offers comprehensive digital services tailored to the needs of AI companies, enabling them to access the resources, information, market insights and support they need to succeed in Abu Dhabi's competitive business environment.
Among the chamber's leading global initiatives is the AI platform Chamber GPT, which has collected more than 6,000 interactions from 85 countries, representing a 39% growth in the number of messages received in the second quarter of 2024 and a 166% increase in the number of countries from which this The messages originated in the first half of 2024.

Abu Dhabi's artificial intelligence sector grew by 41.3%