By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Abu Dhabi’s Artificial Intelligence Sector Sees 41.3% Growth in New Companies Every Year – News
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Abu Dhabi’s Artificial Intelligence Sector Sees 41.3% Growth in New Companies Every Year – News
Business

Abu Dhabi’s Artificial Intelligence Sector Sees 41.3% Growth in New Companies Every Year – News

News Room
Last updated: 2024/09/11 at 2:01 AM
News Room
Share
3 Min Read
SHARE

The Abu Dhabi Chamber of Commerce and Industry has experienced significant growth in the number of registered AI companies, with over 400 companies established in Abu Dhabi by the end of the second quarter of 2024. The rapid pace at which these companies are being formed, averaging one every two days, highlights the increasing interest in AI and its applications in the emirate. This growth underscores Abu Dhabi’s commitment to positioning itself as a global hub for innovation and technology.

A recent study conducted by the Abu Dhabi Chamber revealed that approximately 90 AI companies were established in just six months, representing a 41.3% growth in the sector during the first half of 2024 compared to the previous year. The study also highlighted that the number of registered AI companies in the emirate has grown at a compound annual growth rate of 67% between 2021 and 2023, showcasing the sector’s swift expansion locally and Abu Dhabi’s attractiveness as a leading hub for technological innovation.

The study further identified that commercial activities related to innovation and AI research and consultancies were the most prevalent among AI companies during the second quarter of 2024, accounting for 69% of all activities. AI training activities ranked second at 11%, followed by the management and operation of AI robotic systems at 10%. These findings indicate a growing interest from both the government and private sectors in advancing technology and promoting economic growth through high-level research and consulting services.

The Abu Dhabi Chamber plays a crucial role in supporting AI companies in the emirate by providing a platform for communication, collaboration, and commercial exchange. Through its initiatives, programmes, and events, the Chamber acts as a bridge between AI companies and regulatory bodies, ensuring that the current and future needs of the sector are met. The Chamber’s efforts align with its strategy to position Abu Dhabi as the top choice for business and talent in the MENA region by 2025, offering comprehensive digital services tailored to the needs of AI companies.

Among the Chamber’s global initiatives is the ChamberGPT AI platform, which has seen significant growth in interactions, with over 6,000 interactions from 85 countries during the second quarter of 2024. This reflects a 39% increase in the number of messages received and a 166% increase in the number of countries from which these messages originated in the first half of the year. These initiatives are crucial in advancing the AI landscape in Abu Dhabi and promoting the adoption of innovation and digital transformations to support the growth and success of AI companies in the emirate.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room September 11, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article USD/JPY bounces back slightly from 142.00 level, awaits cues from US CPI
Next Article Electric fans being used to try to save Afghanistan-NZ Test in India – News
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle July 14, 2025
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025

You Might also Like

Tech

Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World

July 1, 2025
Crypto

Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

May 22, 2025
BusinessCrypto

Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

May 20, 2025
BusinessGulfUAE

Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World

May 10, 2025
BusinessCrypto

RWA project FEXSE tokenises $600,000 Jacob & Co. luxury watch on the blockchain

April 14, 2025
Business

NTT DATA Business Solutions Expands Presence in UAE with Stronger Regional Leadership

March 28, 2025

Sustainable Moving Services: How Dubai’s Moving Companies Are Going Green

February 20, 2025
Tech

CNTXT and Oracle Strengthen AI Collaboration to Drive Innovation

February 14, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?