The United Arab Emirates (UAE) is solidifying its position as a frontrunner in artificial intelligence (AI) adoption. This progress is evident not only in government initiatives but also in the growing interest of the public.
The recent inaugural retreat for AI, attended by 2,500 investors and officials, showcased the country’s commitment to becoming a global AI hub. With a dedicated AI minister outlining a long-term vision, the UAE is taking concrete steps to foster innovation in this critical field.
Data from eToro, a leading investment platform, reveals a high level of AI adoption among UAE residents. Their survey found that 71% of UAE investors hold stocks in companies developing AI technologies. This demonstrates a strong trust in AI and a willingness to see it play a role in managing investments.
The momentum behind AI is evident not just in investor sentiment but also in trading activity. NVIDIA, a leading AI company, ranks as the 5th most held stock on the eToro platform in the UAE. Notably, the number of investors holding NVIDIA shares has surged by 48% in the past three months. The UAE’s AI ambitions are attracting significant foreign investment. Microsoft’s recent $1.5 billion investment in G42, a prominent UAE AI firm, exemplifies this trend. These investments provide crucial resources for further AI development and collaboration.
The UAE’s commitment to AI adoption, coupled with strong public interest and rising foreign investment, positions the country as a potential global leader in this transformative technology.
