Global Government-Level AI Investments (2023 vs 2024)
Bar chart comparing AI investments by governments in 2023 and 2024 with China leading.
By Lucidity Insights Research Team 03 December 2024

Global Government-Level AI Investments (2023 vs 2024)

Government investments in AI across key global players showcase varying levels of commitment and strategy between 2023 and 2024. While China remains the largest investor, its funding decreased from $2.1 billion in 2023 to $1.8 billion in 2024. In contrast, France demonstrated the most significant growth, doubling its AI investment from $761 million to $1.5 billion. The UAE saw a slight decline from $655 million to $546 million, while the United States and Germany significantly scaled back their investments, with the U.S. dropping from $345 million to $51 million and Germany ceasing funding entirely.

The UAE’s AI strategy is marked by targeted investments and pragmatic approaches. Despite reducing funding to $546 million in 2024, Abu Dhabi is leveraging state resources to build a sustainable AI ecosystem. Key initiatives include the $100 billion MGX fund, focusing on global AI investments, and G42, which is advancing AI in healthcare, space, and data. Additionally, the UAE is addressing gaps in Arabic-language AI by developing tailored models like JAIS, ensuring cost efficiency and cultural relevance. This strategy, combined with AI applications in energy and healthcare, positions the UAE as a meaningful player in AI, prioritizing niche markets and efficiency over high-risk global competition.