The United Arab Emirates (UAE) has been recognized as one of the leading emerging economies in terms of artificial intelligence (AI) readiness, according to a recent report by the Boston Consulting Group (BCG). This conclusion is drawn from BCG’s 2024 AI Maturity Matrix, which was highlighted during the Dubai AI Week at the Dubai AI...
EY-Parthenon, the strategy consultancy unit of EY, is set to make a significant $250 million investment in its AI-powered Edge platforms, collaborating with ecosystem partners such as Microsoft and vendors including OpenAI. This investment aims to enhance the capabilities of platforms like Competitive Edge, Diligence Edge, and Capital Edge, which provide private equity and corporate...
Faisal Hamady, Managing Director and Partner at Boston Consulting Group (BCG), told that Artificial Intelligence will generate substantial economic opportunities in the Gulf Cooperation Council (GCC) over the next 5 to 10 years. Key sectors such as energy, smart cities, logistics, and healthcare are expected to benefit significantly from AI advancements. According to Zawya, Hamady...