AI solutions 'to contribute $13 trillion to global GDP by 2030'

Artificial intelligence (AI) research will play a key role in harnessing global opportunities and creating practical, tangible solutions for increasing AI adoption as well as generating economic and social value, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and President-Designate of COP28.


AI adoption across industries will help meet the nation’s goals in advancing technology and diversifying its economy. Projections show AI solutions are on course to contribute an estimated $13 trillion to the global GDP by 2030, optimizing the industries of tomorrow, and dramatically improving the lives of billions of people in the process, he stated. 


"We stand on the brink of a technological revolution and MBZUAI is providing a world-leading pipeline of AI specialists, and an ecosystem nurturing industrial collaboration to support the UAE's innovation trajectory," noted Dr Al Jaber.


He was speaking after his visit to Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) where he met G42 CEO Peng Xiaoand Professor Eric Xing, President and University Professor of MBZUAI, along with other leading researchers from MBZUAI and the Inception Institute of Artificial Intelligence (IIAI).


MBZUAI is among 12 UAE-based universities and higher education institutions to join the Universities Climate Network (UCN). The taskforce enables collaboration to advance ambitious climate action nationally and internationally to accelerate positive change for a low-carbon, resilient world. 


He discussed with them key research projects that will deliver on UAE national priorities including sustainable environment and infrastructure; world-class healthcare and education systems; and exploring large language models, particularly in Arabic.


Dr Al Jaber also met MBZUAI faculty focusing on the institution’s three core pillars of climate, health, and education, where he reviewed research on energy efficient language models and machine learning systems, maximizing solar energy outputs, and real-time autonomous malaria diagnosis and assessment. 


Dr Al Jaber was also given a demonstration of environmentally friendly chatbot – Vicuna – a global collaboration between researchers at MBZUAI, UC Berkeley, Carnegie Mellon University, Stanford, and UC San Diego.


Peng Xiao said: "The UAE’s unwavering commitment to advancing artificial intelligence and digital transformation is evident in a thriving academic institution like MBZUAI. In the three years since its establishment, MBZUAI has attracted world-renowned researchers from the most prestigious educational institutions globally."


"This concentration of talent has catalyzed a massive wave of growth in the local AI ecosystem and has helped the UAE build a strong platform for AI development to foster an environment conducive to driving meaningful and sustained innovation, with far-reaching impact across various industries worldwide," he added.


It is estimated that AI could be used to help to reduce greenhouse gas emissions by up to 5.3 gigatons of carbon dioxide equivalent gases (CO2e) if applied globally, playing a major role in limiting global temperature increases to 1.5C.


Emphasizing the role of AI in climate-based solutions, Dr Al Jaber said: "AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress."


"Technologies being developed today have the potential to increase energy efficiency, reduce emissions, and ensure that economic growth and climate progress go hand-in-hand while advances in technologies like artificial intelligence, analytics and robotics will enable us to better decarbonize high emitting sectors, and measure and reduce energy consumption and emissions," he added.-TradeArabia News Service





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