Global AI Investment Flows in 2024
27 November 2024•
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The United States continues to dominate global AI funding, with US $70.2 billion invested in 2024, dwarfing contributions from other regions. China, despite being a major player in the tech industry, secured only US $6.5 billion in AI investments, while the rest of the world collectively attracted US $19.9 billion. The Middle East currently lags behind with only $700 million in AI funding in 2024, but this could soon change with the region's increasing focus on AI.
Recent announcements signal a major shift in the Middle East’s role in the AI investment landscape. With the UAE’s launch of a $100 billion MGX fund and Saudi Arabia preparing a similarly sized initiative, the region is poised to become a significant contributor to AI innovation globally. These moves aim to bridge the gap in AI funding and establish the Middle East as a leading hub for technological advancements in the coming years.
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