There is a major disconnect between organisations’ Artificial Intelligence (AI) spending and execution in the UAE, says a new study that highlights massive increase in spending.
Companies in the Europe, Middle East and Africa (EMEA) region are overhauling their data infrastructure to keep pace with the rapid adoption of AI, with 98% saying they delayed or cancelled an AI project in the past year because of data governance and compliance, said a recent survey.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Accenture will participate in LEAP 2026 in Riyadh as the event's Gen AI Partner, using its presence across the four days to discuss with clients and partners how organisations move AI from experimentation to execution — creating value across industries, infrastructure and digital economies, while helping organisations determine where sovereignty and resilience matters most across their AI portfolios.
AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has entered into a strategic agreement with Qualcomm Technologies to advance autonomous AI across enterprise and government environments.
Presight AI Holding, a global leader in AI and data analytics, has reported revenue growth of 36.1% for the second quarter, which soared to AED713.2 million ($194 million), while its profit after tax registered a 30.2% growth over last year despite a dynamic regional operating environment.
Global chip giant Nvidia is teaming up with Wall Street's big guns including Apollo, Blackstone and Goldman Sachs to mobilise over $500 billion for AI infrastructure, as part of its ambitious plan to turn AI chips into a new asset class that investors can fund much like real estate or other critical infrastructure.
Implementing or expanding AI is the top priority for UAE commerce leaders this year, ahead of growing the customer base and adapting to changing buyer behaviours, says a new research from Salesforce, a leading AI CRM company.
Zain Group, a leading telecommunications services company in the region, has announced that its first-half net profit rose 73% year-on-year to KD220 million ($717 million), boosted by gains from strategic investments, while revenue surged 5% to hit KD1.14 billion ($3.68 billion).
Space42, the UAE-based AI-powered SpaceTech company, and Autonomous A2Z (A2Z), South Korea's leading autonomous driving company, have signed a commercial agreement valued at $7 million to deploy Level-4 mobility solutions in the UAE.
