Artificial intelligence (AI) is poised to become a game-changer for the global economy and has already started revolutionizing multiple industries and sectors. AI has entered into core production systems and has started creating greater value, with AI adoption expected to reach 20% by 2026 in major industries.
The domain has the potential to redefine global productivity and competitiveness. According to PwC’s Global Artificial Intelligence Study, AI could contribute up to $15.7 trillion to the global economy by 2030.
The Study also states that strategic investment in different types of AI technology is needed to make that happen.
Labour productivity improvements will drive initial GDP gains as firms seek to “augment” the productivity of their labour force with AI technologies and to automate some tasks and roles. The greatest economic gains from AI will be in China (26% boost to GDP in 2030) and North America (14.5% boost), equivalent to a total of $10.7 trillion and accounting for almost 70% of the global economic impact.
Under the theme of ‘Accelerate Intelligence’ at GITEX, Huawei showcased ways to integrate AI into various industry scenarios and empowering organizations to reimagine their digital transformation and innovation roadmaps for the AI-powered intelligent era.
Steven Yi, President of Huawei Middle East and Central Asia, said, “The new AI-powered intelligent era will usher new opportunities and values for businesses, industries, and ecosystems across the Middle East and Central Asia.
GITEX GLOBAL 2023
At GITEX GLOBAL 2023, Huawei will demonstrate the latest breakthroughs in intelligent ICT innovations and unlock the immense potential of cloud and AI for Industries while ensuring that the ICT sector is continuously reinforcing its digital parameters and end-to-end cyber security practices.
By bringing together industry visionaries, business leaders, and top technical experts, we will be ‘Accelerating Intelligence’ for a ‘Win-Win Intelligent Future’.”
Intelligent industry solutions designed to meet the specific needs of different industries, including public services, finance, oil & gas, electric power, transportation and ISP have the potential to dramatically enhance productivity, efficiency and sustainability.
At GITEX, Huawei launched the Intelligent Cloud-Network to accelerate intelligent upgrades, which fully unleashes computing power with super-connectivity for unsurpassed AI productivity in the AI era.
Dr. Zhu Shenggao, Vice President of AI Business of Huawei Cloud Middle East and Central Asia, delivered a keynote session on ‘Pangu Large Models Accelerate AI for Industries’.
Frank Dai, President of Huawei Cloud Middle East & Central Asia, said, “With our ‘Pangu model Reshaping AI for industries’ solution, Huawei Cloud is showcasing our Pangu model 3.0 and Huawei Cloud Stack 8.3.0 at GITEX GLOBAL.
The event offers us a unique opportunity to not only showcase our cutting-edge AI solutions but also to engage with industry leaders, innovators, and partners. It’s a dynamic environment where we can share our vision, exchange ideas, and gain valuable insights into the evolving needs of businesses and industries.”
AI has become an integral part of our society, permeating every aspect of our lives. Its adoption in industries is undergoing a rapid transformation. This remarkable shift is being driven by the emergence of large AI models meticulously trained on massive datasets.
It is not just a technological advancement, but a fundamental shift that will shape the future of industries.
