Dubai’s IT Sector Pulls in a Whopping Amount of $21.7bln
UAE is known as a top international destination when it comes to technology transfer such as AI (artificial intelligence) and robotics.
More than One-third of KSA Businesses Hope for Over 10% Growth in 2018
The businesses in Saudi Arabia are more positive about the returns and future expansion opportunities as compared to last year.
More than Half of MENA Executives have AI or Automation on their Top Priority
A recent study shows that about 53% of senior staff or executives who are based in the MENA region have artificial intelligence (AI) or Robotic Process Automation (RPA) on their mind when it comes to top technologies.
India: Buyouts Top the Investments in August this Year with More than Double of What was Received in August Last Year
Data shows that there were investments worth US$1.6 billion in August 2018 across 50 deals, in which the buyout deals recorded a little over a double jump in the value as compared to August last year.
AI and similar technologies are set to create about 90 million additional jobs in China rather than displace in the coming two decades
The analysts say that AI and similar technologies like robots, drones and other autonomous vehicles will increase opportunities of employment in China by 12% in over the next 20 years, which would be approximately 90 million new job openings.
International Fintech Investments go up to a Whopping US$57B in First Half of 2018
International fintech investments saw a sharp upward trend and set a record with US$57.9B worth of investments across 875 deals just within the first half of 2018. This was a drastic increase from the US$38.1B invested in the year 2017.