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Generative AI could unlock $23.5bln in annual economic growth across the GCC by 2030

Summary: According to a report by Strategy& Middle East, Generative AI (GenAI) has sparked excitement and investment in a technology with significant potential to change the world. Although this comes with regulatory and ethical challenges, GenAI could unlock $23.5 billion in annual economic growth across the GCC by 2030. Saudi Arabia and the UAE are expected to experience the largest impact, with a potential combined gain of $17.5 billion annually. GenAI models now signify a revolutionary force that is poised to redefine the Middle East’s business landscape; Executives who promptly seize this opportunity can gain a significant competitive edge without lagging behind.




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