gulfindependentnews

  The world is on the brink of a significant technological revolution that promises to ignite productivity, drive advancement, and increase incomes globally. Artificial intelligence is poised to boost global GDP by an estimated 1.2% annually in the near future. The UAE is charting a strategic course to achieve a substantial leap in economic performance by mid-century, with a focus on inclusivity, sustainability, and a pro-humanity approach, according to Khaleej Times. Both the UAE and Saudi Arabia are making substantial investments in cutting-edge semiconductor technology and AI infrastructure. These efforts aim to diversify their oil-dependent economies and lay the groundwork for future technological leadership. Sharjah is also targeting significant technological advancements. In 2023, the emirate allocated 35% of its budget to enhance economic diversification and attract foreign direct investment in areas such as artificial intelligence, deep tech, green technology, healthcare te...