13 Hrs
Source:
الاقتصادية
Saudi Arabia Aims to Enhance Growth with AI
Artificial intelligence plays a central role in reshaping the global economy, and its impact goes beyond being just a technological wave to becoming a broad economic variable that changes methods of production, investment, and competition among nations. It is expected that by 2030, AI will contribute up to $15.7 trillion to the global economy, with a clear impact already beginning to emerge in investment, productivity, and financial markets. Financial institutions are utilizing AI techniques to analyze data, improve trading operations, and manage risks. Additionally, AI is contributing to the redesign of business models within companies by predicting customer needs and enhancing efficiency, with anticipated expenditures exceeding $1.2 trillion by 2027. On the national level, AI strengthens key elements of economic power such as capital, data, and infrastructure, with a significant focus on Saudi Arabia, which is recognized as a leader in integrating AI into its plans to diversify its economy and achieve growth that could raise its GDP by up to 6% over the coming decade, through improved productivity and a shift from resource-based dependence to technology and services. Furthermore, data centers and digital infrastructure require large amounts of energy, aligning with Saudi Arabia's capabilities in linking energy and technology to bolster its economic future.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)