Abu Dhabi's AI Industry Grows With 41.3% Annual Surge In New Companies
According to a recent study, on average, one AI company was introduced every two days in Abu Dhabi during the first half of this year.
Update: 2024-09-11 05:56 GMT
Abu Dhabi's AI sector is witnessing significant growth, with a 41.3% annual surge in new companies. The Abu Dhabi Chamber of Commerce and Industry reported that it registered over 400 AI companies in the emirate by the end of the second quarter of this year. The latest figures indicate the rapid growth and increasing interest in AI and its applications in the emirate.
According to a recent study conducted by the Abu Dhabi Chamber, on average, one AI company was introduced every two days in Abu Dhabi during the first half of this year. Nearly 90 AI companies were established in just six months. The new study also revealed that commercial activities related to innovation and AI research and consultancies were the most prevalent among companies during the second quarter, accounting for 69% of all activities, reported Emirates News Agency.
Abu Dhabi strengthens its position as a global capital for innovation in artificial intelligence, with rapid growth in company registrations and a strong commitment to developing the innovation ecosystem.
— Abu Dhabi Chamber (@adchamber) September 10, 2024
Learn more about the key indicators of Abu Dhabi's prosperity from the… pic.twitter.com/eDXXYkqoAa
AI training activities ranked second in the report, comprising 11%, followed by the management and operation of AI robotic systems at 10%. Meanwhile, wholesale trading of AI training accounted for 8%, and retail of AI robots made up 2%. The Abu Dhabi Chamber provides comprehensive digital services tailored to the needs of AI firms. The Chamber's leading global initiatives include the ChamberGPT AI platform, which has garnered over 6,000 interactions from 85 countries.